Transactive Energy Rate (TER) Pilot Program

NHEC’s hourly Transactive Energy Rate (TER) pilot program is an innovative way to maximize the value of your investment in technology like Electric Vehicle (EV) charging, standalone batteries, and more. The TER is an hourly electricity rate that is published each day for the following day, so you can plan your energy use to take advantage of hourly variations in the price of power.

When you enroll an eligible device in TER, you’ll pay, or be paid for, the power your registered device uses or exports to the electric grid.  By shifting more of your energy consumption to lower-priced hours, or producing energy during high-priced hours, you can save money and receive credits from NHEC. The TER rates do not apply to your regular household usage, just the devices that you have registered in the TER program.

With access to day-ahead Hourly Pricing information, you or a third party aggregator can plan the best times to shift your energy use. With NHEC’s transactive rates, individual bills and savings vary month to month based on weather, market conditions and your energy usage habits.


Please note the TER pilot program is no longer accepting new applications. Thank you.


                                                          QUESTIONS? EMAIL US AT: SOLUTIONS@NHEC.COM.

How it Works

Managing Costs with Hourly Pricing

Although most NHEC members pay a flat rate for power, no matter when it’s used, the actual price of electricity varies hourly in New England based on a number of factors that drive demand for power, including the weather, the time of day and the day of the week. Electricity prices tend to be higher during weekdays and lower on weekends, for instance. Demand and price patterns also vary by season. By keeping these patterns in mind, and with day-ahead pricing information from NHEC, you can wisely manage the energy your device uses or exports.

Factors that Impact Hourly Prices

• The weather can impact the real-time price of electricity, particularly during the summer when air conditioner use drives up demand for energy.

 • Prices can sometimes increase in the spring or fall if a heat wave occurs when some power plants are shut down for maintenance.

• During the winter, electricity prices can increase when there is a sudden and significant temperature drop or when extended cold snaps push up natural gas prices.

• There can also be unexpected and brief price spikes if multiple power plants have technical or mechanical problems at the same time

Understanding My Bill