New Hampshire commercial electricity rates

Analyst note

The New Hampshire commercial price sat above the U.S. average in 10 of 10 years; the gap was +4.32 ¢ in 2015 and +6.65 ¢ in 2024. In the 2024 ranking New Hampshire sits between Massachusetts (20.90 ¢) one place above and Vermont (18.89 ¢) one place below; the top of the list is 18.78 ¢ away and the bottom 12.21 ¢. New Hampshire was 8th in 2015 with 14.96 ¢ and is 7th now; a rise in the table. New Hampshire commercial prices rose in 6 of 9 years. The largest rise was +15.9% in 2022, and the largest fall -4.9% in 2024. The New Hampshire price peaked at 20.40 ¢ in 2023 and bottomed at 14.43 ¢ in 2016; 2024 is 4.9% below the peak and +34.4% from the low. Compounded, that is +2.93% a year in New Hampshire, +0.90 points against the U.S. New Hampshire buys 0.28% of all U.S. commercial electricity with 0.58% of the accounts, so the average New Hampshire account uses 0.49 times the national average.

A top-ten price: 19.40 ¢/kWh for New Hampshire commercial accounts, rank 7 of 51, +52.2% against the U.S. New Hampshire: +29.7% over nine years, or +2.9% a year, beating the national +19.8% by 9.8 points; 2022 was the biggest single move (+15.9%) and 2023 the high.

Last year's change in New Hampshire was -4.9% and falling. Against the residential price of 23.40 ¢ the gap is 4.00 ¢. Commercial sales are 37.6% of New Hampshire electricity sold, and an average New Hampshire account used 3,047 kWh a month, an implied bill near $591.

Counting revenue instead of kWh, New Hampshire commercial accounts bring in 35.4% of New Hampshire sector revenue on 37.6% of the kWh, a discount of 2.2 points that comes from the price level: 19.40 ¢ here against 23.40 ¢ for residential and 16.21 ¢ for industrial accounts. The average New Hampshire commercial account uses 3,047 kWh a month, 50 of 51 among states on that measure; a residential account uses 0.20 times as much and an industrial account 17.22 times. Commercial accounts are 14.62% of the 768,001 accounts in New Hampshire.