REsident Power

Business and Economy
5:00 pm
Mon March 4, 2013

The Power New England, Resident Power Situation Explained

Cheap natural gas prices have led to a boom in the construction of gas generating power plants. That combined with market deregulation in New England have set the stage for some tumultuous times in the New England electricity market for years to come.
Credit Duke Energy / Flickr Creative Commons

Many Granite State electric customers are scratching their heads after an electricity supplier, Power New England, was abruptly kicked out of the market two weeks ago. Customers of Power New England and its sister company, Resident Power, have had to try to sort out what's going on from media reports where utilities and power suppliers are slinging accusations back forth indiscriminately.

So here’s a breakdown of what has happened to date.

Who are Resident Power and Power New England?

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NH News
6:02 pm
Wed February 27, 2013

Electricity Regulators Want Answers From Resident Power And Power New England

Over 7,000 "meters" that were being served by PNE have been transferred to PSNH, and another 1,200 to Fairpoint Energy, after PNE was suspended from the electricity market
Credit Duke Energy / Flickr Creative Commons

The Public Utilities Commission is asking an electricity supplier that was suspended from selling power in the New England grid to explain why it shouldn’t be subject to penalties in New Hampshire.

The PUC wants Power New England and Resident Power to account for a number of possible violations.

Resident Power is an aggregator that gathers up electricity customers and delivers them to a supplier. Power New England actually supplies electricity. Gus Fromuth is part owner of Power New England, and his son Bart is Managing Director of Resident Power. 

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NH News
5:23 pm
Tue April 17, 2012

Bid By Resident Power for PSNH Customers Heats Up

PSNH's Merrimack Station
Flkr Creative Commons / PSNH

 

For customers of the state’s largest electric utility, Public Service of New Hampshire, electric rates are going up this week. Resident Power, the new utility in town, is using that fact to beat the drums and let New Hampshire residents know they can save money on their electric bills.

That could mean trouble down the line for PSNH.

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