PLYMOUTH – The New Hampshire Electric Cooperative (Co-op) Board of Directors this week approved a rate increase resulting from higher energy costs in the wholesale energy supply market. 

Beginning Aug. 1, the basic Co-op Power Charge, which includes the cost the Co-op pays to purchase electricity on behalf of its members from the wholesale electricity market, will be increasing from 8.9 cents per kilowatt-hour (kWh) to 11.5 cents per kWh. The cost of these purchases is passed through to members who do not purchase power from an alternative supplier or through aggregation. The Co-op does not add any additional charges or fees to its Co-op Power Charge. 

Despite the increase, the Co-op Power Charge remains significantly lower than the fall 2022 through spring 2023 rate periods. 

“While we do not control wholesale energy costs, the staff and Board Directors have worked hard in other areas to help keep rates for members as affordable as possible,” said Co-op Board Chair Bill Darcy. 

“Keeping the cost of electricity affordable for all of our members is a continued priority for us at the Co-op. Our team does an excellent job of leveraging our flexibility and knowledge of the markets to maintain costs that are within our control,” said Michael Jennings, Interim President & CEO of the Co-op. 

For more information, including a current schedule of rates, please visit our website: nhec.com/schedule-of-fees-rates/. 

Members can find ways to save on energy costs and reduce usage by visiting the Energy Solutions section of our website.