It’s been over 10 years since New Hampshire deregulated electricity in the state, which opened the markets for alternative electric suppliers to generate electricity for residents and business consumers. The intended effect was to use a competitive market to help drive down the cost of energy. So far, both officials and consumers consider deregulation a success in New Hampshire.
Here’s an overview of the history of energy deregulation in New Hampshire, as well as how it benefits you…
New Hampshire’s deregulation of electricity was a multi-step process, which included:
Once Unitil Energy Systems restructured and offered electric choice, the deregulation of energy was complete across the state.
As of 2012, just 5% of residential consumers had switched to an alternative electric supplier in New Hampshire, although a much larger number of businesses had made the switch.The reasons why so few residential consumers have switched include:
However, experts and analysts expect tens of thousands of consumers and businesses alike to switch in the coming years, as more suppliers enter the market and help drive down the electric rates.
Shopping for alternative electric suppliers is a fairly quick and easy process, and you’re also likely to find it an eye-opening experience once you see your estimated savings. Here’s how to shop and switch…
Step 1: Compare alternative electric suppliers in New Hampshire. You can compare alternative electric suppliers by going to http://www.puc.state.nh.us/Consumer/energysuppliers.htm(Michelle, switch this to your link if you add Ohio to your site). There you’ll find a list of the electric suppliers as well as what territories they serve. Take note that some suppliers only serve business customers.
Step 2: Choose a new electric supplier that meets your needs. Just choosing an alternative electric supplier doesn’t automatically lower your New Hampshire electric rates. You need to compare rates carefully to find the supplier which meets your needs.
Step 3: Understand the terms. Before you initiate and finalize the switch, be sure that you understand the alternative electric supplier’s terms and conditions. For example:
Step 3: Initiate the switch. Once you’re happy a supplier and their terms, then you can initiate the switch. You do this by informing your new supplier that you’d like to switch. They’ll inform your local utility company, who’ll seamlessly make the switch without any disruption to your service.
While your electric supplier will be different, everything else remains the same. Your local utility company will still deliver your energy, bill you, handle customer service, and build and maintain the infrastructure.
New Hampshire residents and business owners agree that energy deregulation was a great choice for the state. See if you don’t agree too by researching your options today.