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Fri May 4, 2012
PSNH Files to Adjust Rates
Public Service of New Hampshire has asked for a change in how much it charges consumers for electricity.
PSNH asked the Public Utilities Commission for a ten percent decrease in the price it charges for electricity. But any savings consumers might see would be eaten up by a simultaneous increase in the Stranded Cost Recovery charge.
Spokesman Mike Skelton says that increase is applied to all customers in the PSNH service area. "and this increase is associated with the cost of some purchase power agreements with five independently owned biomass power plants throughout the state, that the PUC approved last year."
If the changes are approved by regulators, a typical rate-payer would see his or her bill go up by around 30 cents a month. The rate adjustment is scheduled to go into effect July 1st.