• Title

  • Release: Eversource encourages customers to evaluate lowest-cost energy supply options

     

     

    News Release

     

    Eversource Encourages Customers to Evaluate Lowest-Cost Energy Supply Options

     

    MANCHESTER, New Hampshire (July 16, 2020) — As part of its efforts to support customers facing financial hardship and other challenges during the COVID-19 pandemic, Eversource is encouraging customers to closely manage their energy supply options so that they do not overpay an alternative supplier. In 2019, Eversource residential customers in NH who chose competitive suppliers paid on average $1.3 million more per month than the standard service for their electric generation.

     

    “We never want our customers to overpay an alternative supplier for their electricity, especially not with many people continuing to face financial hardship due to the pandemic,” said Eversource Senior Vice President and Chief Customer Officer Penni Conner. “With our default energy service charge for residential customers decreasing in New Hampshire by 14.9 percent on August 1, we encourage all of our customers to evaluate their energy supply options to ensure that they’re paying the lowest possible cost.” 

     

    As a regulated delivery company, Eversource purchases electricity from suppliers and passes on the cost, with no profit added, directly to customers through its default energy service charge. Effective August 1, 2020, Eversource’s default energy service charge for its residential and small business customers will decrease from 8.306 cents per kilowatt-hour to 7.068 cents per kilowatt-hour. 

     

    All customers also have the option to purchase electricity from competitive suppliers, whose prices have recently ranged in New Hampshire from six to 12 cents per kilowatt hour. Information about energy suppliers, their rates and offerings, as well as tips for choosing a supplier can be found on the New Hampshire Public Utilities Commission’s website.

     

    As energy use can often increase during the hottest days of the year with people cooling homes and businesses with air conditioners, so Eversource also reminds its customers that energy efficiency remains the single most effective way to take control of their year-round energy costs.

     

    “We’re committed to helping Granite Staters access energy efficiency solutions because the cheapest and cleanest energy is the energy that you don’t use. Even with the drop in the price of electricity, our customers can take advantage of deeper savings by making full use of those solutions available to them,” added Conner.

     

    For energy efficiency tips and information about the many programs available to help lower energy use, Eversource customers can visit the Save Money & Energy section of Eversource.com.

     

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    Eversource (NYSE: ES), celebrated as a national leader for its corporate citizenship, is the #1 energy company in Newsweek’s list of America’s Most Responsible Companies for 2020 and recognized as one of America’s Most JUST Companies and the #1 utility by Forbes and JUST Capital. Eversource is New Hampshire’s largest electric utility, serving more than 519,000 homes and businesses in 211 cities and towns, and also supplies water to approximately 9,500 homes and businesses in Hampton, North Hampton and Rye. Eversource is proud to be recognized as the #1 contributor to United Way in New Hampshire. Eversource harnesses the commitment of approximately 8,300 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service. The #1 energy efficiency provider in the nation, the company is empowering a clean energy future in the Northeast, with nationally-recognized energy efficiency solutions and successful programs to integrate new clean energy resources like solar, offshore wind, electric vehicles and battery storage, into the electric system. For more information, please visit eversource.com, and follow us on TwitterFacebookInstagram, and LinkedIn. For more information on our water services, visit aquarionwater.com.

     

    Contacts:

    William Hinkle

    603-634-2228

    william.hinkle@eversource.com

     

    Kaitlyn Woods

    603-634-2418

    kaitlyn.woods@eversource.com