New Hampshire industrial electricity rates

Analyst note

The New Hampshire industrial price sat above the U.S. average in 10 of 10 years; the gap was +5.83 ¢ in 2015 and +8.08 ¢ in 2024. In the 2024 ranking New Hampshire sits between Connecticut (17.12 ¢) one place above and Maine (12.46 ¢) one place below; the top of the list is 17.92 ¢ away and the bottom 10.78 ¢. New Hampshire was 6th in 2015 with 12.74 ¢ and is 7th now; a fall in the table. New Hampshire industrial prices rose in 6 of 9 years. The largest rise was +9.7% in 2022, and the largest fall -3.1% in 2016. The New Hampshire price peaked at 16.21 ¢ in 2024 and bottomed at 12.34 ¢ in 2016; 2024 is the peak and +31.4% from the low. Compounded, that is +2.71% a year in New Hampshire, +0.89 points against the U.S. New Hampshire buys 0.19% of all U.S. industrial electricity with 0.28% of the accounts, so the average New Hampshire account uses 0.68 times the national average.

A top-ten price: 16.21 ¢/kWh for New Hampshire industrial accounts, rank 7 of 51, +99.4% against the U.S. New Hampshire: +27.2% over nine years, or +2.7% a year, beating the national +17.7% by 9.6 points; 2022 was the biggest single move (+9.7%) and 2024 the high.

Last year's change in New Hampshire was +2.9% and still rising. Against the residential price of 23.40 ¢ the gap is 7.19 ¢. Industrial sales are 18.0% of New Hampshire electricity sold, and an average New Hampshire account used 52,454 kWh a month, an implied bill near $8,503.

Counting revenue instead of kWh, New Hampshire industrial accounts bring in 14.1% of New Hampshire sector revenue on 18.0% of the kWh, a discount of 3.8 points that comes from the price level: 16.21 ¢ here against 23.40 ¢ for residential and 19.40 ¢ for commercial accounts. The average New Hampshire industrial account uses 52,454 kWh a month, 39 of 51 among states on that measure; a residential account uses 0.01 times as much and a commercial account 0.06 times. Industrial accounts are 0.41% of the 768,001 accounts in New Hampshire.