Resident Power: Consumer Savings Can Continue when PSNH Temporary Lower Rates Expire

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PSNH has announced customers will see lower electricity bills this month. Resident Power has announced that this temporary rate reduction marks a prime time to save even more. “When customers sign on with Resident Power,” says Bart Fromuth, Managing Director, “we guarantee they will save at least 5% on the supply portion of their present energy bill. That rate is locked in long-term, not just for a few months like PSNH’s announced rate reduction.'

Resident Power Offers Lower Cost Electricity to NH Residences and Small Businesses

Resident Power:Lower Cost Electricity for NH Residences and Small Businesses

'If customers switch now to Resident Power when PSNH rates are temporarily lower, they will keep saving, even after PSNH raises rates to pay for the new scrubber at Merrimack,' says Resident Power Managing Director Bart Fromuth.

PSNH has announced customers will see lower electricity bills this month. Resident Power has announced that this temporary rate reduction is a prime time to save even more.

“When customers sign on with Resident Power,” says Bart Fromuth, Managing Director, “we guarantee they will save at least 5% on the supply portion of their present energy bill. That rate is locked in long-term, not just for a few months like PSNH’s announced rate reduction.

“Consumers, myself included, are thinking strategically in tough economic times. If customers switch now to Resident Power when PSNH rates are temporarily lower, they will keep saving, even after PSNH raises rates to pay for the new scrubber at Merrimack Station.”

The Public Utilities Commission has allowed for the possibility of PSNH to increase their rates as early as March.

Consumers can sign up for lower rates by visiting residentpower.com or calling 603.232.9293. The only information requested is electricity account number, service address and key code (all found on a utility invoice). Billing continues to come from PSNH, and the utility transfers payment to Resident Power.

Any maintenance issues are handled by PSNH because each enrollee remains a customer of the utility for transmission and distribution. Thus the customer can freely make the switch to a different supplier without concerns that the quality of their service will suffer.

Receiving electricity from Resident Power does not require any change to existing electrical wires or installation of additional technology. And, if a consumer is already signed up for Energy Efficiency Programs with the present utility, there will be no change to their participation.

Although PSNH’s temporary lower rates make this a particularly attractive time for its customers to sign on with Resident Power for their supply, Resident Power’s savings are available to consumers of any utility in the state.

Resident Power (http://www.residentpower.com), is New Hampshire’s first competitive electricity provider exclusively focused on residences and small businesses. It pools residential and small business electricity user accounts to create buying power on the open market. Customers enrolling in the Resident Power program can put their individual load together with thousands of others and get rates that are up to 20% lower than the utility offering.

Resident Power (residentpower.com) is a member of the Manchester, NH-based Freedom Energy Logistics (FEL Power), family of companies. The company’s management has nearly 100 years of energy market experience and is widely recognized for its market intelligence and informational transparency. Resident Power is a member of the Better Business Bureau.

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Barbara Wilson
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