Fifteen years ago, New Hampshire embarked on a dramatic experiment, deregulating electricity. The idea was to bring competition to power production; a sector where typically just a handful of highly-regulated utilities dominated. These days, Granite Staters are being pursued by a variety of power suppliers, from all over. And their efforts are paying off, with more and morer customers switching from the state’s largest utility, PSNH to new providers.
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.