Heat Wave in July Creates Higher Electricity Prices in New England But is Unable to Thwart Resident Power’s Offer of $0.0649 per kWh for a Fifth Consecutive Month

Share Article

Many New Hampshire residents are delighted as they open their fourth consecutive bill of significant savings this August with Resident Power’s cheaper and greener variable energy supply rate of $0.0649.

Cheaper Electricity Supply NH

Resident Power $0.0649 5 Months Strong

... to see it ($0.0649 per kWh) remain so low is great news for the alternative energy program in New Hampshire.

Resident Power’s popular variable electricity rate remains in place for a fifth consecutive month entering August. With the PSNH rate set at $0.0862 per kWh for the remainder of 2013, Resident Power is expecting to see a continued significant migration toward this offer. Resident Power’s Managing Director Bart Fromuth was happy to deliver the news of the sustained rate, “The summer months tend to bring higher pricing to suppliers and a few weeks in July were no exception, but the monthly average was favorable and with September right around the corner we are very optimistic that the chance to achieve significant savings will remain. There was little worry of any significant increases to the offer, but to see it remain so low is great news for the alternative energy program in New Hampshire.”

As the fall season approaches, history has shown that electricity prices tend to stabilize in the Northeast as demand created from air conditioning use subsides and the need for home heating is staved off by moderate temperatures. Fromuth cautioned “customers” last month “that 20% savings is more realistic going forward,” but so far it has remained close to 25% against the PSNH supply rate. This offer has proven quite favorable when compared to other competitive offers across the state over the same time period.

Fromuth concluded with, “There should be a nice window in the fall where people can maximize their savings before seeing a slight increase in rate offerings as the markets enter December. The longer the cold weather stays away the longer electricity prices will stay so low.”

Resident Power was the first to offer competitive electric choice in New Hampshire and has been serving customers since March of 2011. It celebrated its second birthday earlier this spring and is now able to offer rates to both PSNH and the New Hampshire Electric Co-op customer base.

Resident Power is a family owned business and is part of the Freedom Logistics family of energy companies. Resident Power is the official electricity partner of the Retail Merchants Association of New Hampshire.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Megan McLaughlin
Visit website