Manchester, NH Electricity Rates
Manchester, NH is located on the banks of the Merrimack River. It is the largest city in New Hampshire with an estimated 2016 population of over 110,000 residents. The majority of Manchester residents get their electricity from the utility Eversource Energy. However, since 2003 residents and businesses in Manchester have had the ability to switch their electricity to a cheaper independent electricity provider.
It’s important to remember that even if Manchester residents switch to an independent electricity provider, the utility will still deliver the electricity. That means you will have the same service and reliability as you always had. The only thing that will change will be your new supply rate from your chosen retail electricity provider.
Manchester, NH Energy Deregulation
The city of Manchester has had a deregulated energy market since 1996 but new electricity providers didn’t enter the state until 2003. New Hampshire started the process of deregulation with a state proposed 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.
Granite State Electric Company was the first utility to begin the restructuring in 1998. By December 2002, all of the New Hampshire utilities has restructured. In May of 2003, retail energy providers could begin offering their services to NH residents and businesses.
Due to high rates and retail electricity providers marketing to mainly large businesses, most Manchester residents have not switched their electricity providers yet. However, that trend is changing as more and more retail electricity providers enter the market and are beginning to market more towards residents. For Manchester residents, the time is now to shop and compare electricity rates in your area.
Ready to Compare Manchester, NH Electricity Rates?
At Electricityrates.com, we make it fast and easy for Manchester 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 Manchester. 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?
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How to Compare Manchester Electricity Rates
For many Manchester residents, the current utility is Eversource Energy. You will want to find the supply rate on your Eversource electricity bill as this is the rate you can compare with other providers. However, the rate is not the only thing you should consider when switching off of Eversource Energy. Here are some other factors to be considered:
VARIABLE V. FIXED PRICING – 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 THE 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.
OTHER SWITCHING INCENTIVES –Some providers offer sign-up bonuses, rewards programs and point earning systems, guaranteed savings, and more.
GREEN/RENEWABLE ELECTRICITY – 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.