Electric utility to cut winter rate amid mild weather
PLYMOUTH, N.H. (AP) — An electricity distributor in New Hampshire is cutting its winter rates mid-season because of mild weather and low prices.
The New Hampshire Electric Cooperative will cut its electricity supply rate by 26%, which would result in an average overall bill decrease of about $11. The utility said its 84,000 customers will see a drop in their bills starting next month.
Market prices for electricity have been much lower partly because this winter has been warmer than expected.
The cooperative usually adjusts its power rate in November and May but decided to to cut the rate early for the first time in recent memory, spokesman Seth Wheeler told New Hampshire Public Radio.