Concord, NH Electricity Rates
Concord is the capital of New Hampshire with a population of over 42,000 as of 2016. Concord has two utilities that serve electricity to their residents, Unitil and Eversource Energy. Liberty Utilities is the natural gas utility of all Concord residents and businesses. The average electricity rate in Concord, NH is over 13% less than the rest of New Hampshire and 17% less than the national average.
Concord, NH residents have had the ability to switch electricity rates since 2003. With so many low rates available, it’s important that Concord residents and businesses shop and compare electricity rates to make sure you are getting the best supply rate available. Remember, even if you switch to a lower supply rate, your energy generation, delivery, and electricity bill will still come from your utility. This means there will be no change is reliability or interruptions in service.
Concord, NH Energy Deregulation
The city of Concord has had the ability to switch energy providers since 2003 when the state of New Hampshire first opened its doors to independent retail energy providers. The process of deregulation started in 1996 when the state passed a bill that required the Public Utilities Commission to develop a plan for a competitive energy market and restructure the current utilities by 1998. The plan was finished by 1997 and laid the groundwork for independent retail electricity providers to start offering their services to NH residents. It took 5 years for the utilities in NH to restructure but in May 2003 the first independent retail energy providers were in the state.
Many residents in Concord, NH have not switched energy rates because retail energy providers have mostly marketed to large businesses. However, that trend is beginning to change as better electricity rates enter the state and more residents are finding cheaper rates than their utilities offer.
Compare Concord, NH Electricity Rates
Concord residents either have Unitil or Eversource Energy as their electric utility provider. By identifying the “supply rate” on your Unitil or Eversource Energy bill, you can begin to compare that with independent rail providers. While price is very important, it’s not the only thing that should be considered. Here are a few other factors when switching providers:
Type of Rates – Variable pricing can vary by day or month, is based on the market price for the retail electricity provider, and can be very unpredictable. However, often time providers won’t charge an enrollment fee or early termination fee with these plans. With fixed pricing, customers can pay one low rate that will never change until the contract expires.
Length of Contract – Contract terms can last for as little as one month or as long as 36 months. Shorter contracts may offer lower rates, but longer contracts lock in low rates for long periods and reduce the risk of high rates when the contract expires. The ICC recommends choosing a 12- or 24-month contract to avoid risk.
Incentives to Switch–Some providers offer sign-up bonuses, rewards programs and point earning systems, guaranteed savings, and more.
Renewable Energy – Looking to be more environmentally conscious? Many providers offer partial or 100% renewable electricity options as well as Renewable Energy Certificates (RECs) to residents and small businesses. While the rates are higher than traditional electric sources, the availability of renewable electricity has driven costs down and can often be found for less than the utility’s Price-to-Compare for traditional electricity.
Ready to Compare Concord, NH Electricity Rates?
At Electricityrates.com, we make it fast, simple and easy for Concord, NH residents to shop and compare electricity rates. All you have to do is type in your zip code into our shop and compare and switch tool below and we provide you all the rates available in Concord. We will even select our top picks and best renewable energy plan and put them on the top of the results for you. It’s 100% free to shop around and compare rates so what are you waiting for?