New Hampshire residential electricity rates

Analyst note

The New Hampshire residential price sat above the U.S. average in 10 of 10 years; the gap was +5.85 ¢ in 2015 and +6.92 ¢ in 2024. In the 2024 ranking New Hampshire sits between Maine (24.29 ¢) one place above and Vermont (21.90 ¢) one place below; the top of the list is 19.46 ¢ away and the bottom 11.89 ¢. New Hampshire was 7th in 2015 with 18.50 ¢ and is 9th now; a fall in the table. New Hampshire residential prices rose in 6 of 9 years. The largest rise was +28.3% in 2022, and the largest fall -16.9% in 2024. The New Hampshire price peaked at 28.15 ¢ in 2023 and bottomed at 18.38 ¢ in 2016; 2024 is 16.9% below the peak and +27.3% from the low. Compounded, that is +2.65% a year in New Hampshire, -0.34 points against the U.S. New Hampshire buys 0.33% of all U.S. residential electricity with 0.46% of the accounts, so the average New Hampshire account uses 0.72 times the national average.

A top-ten price: 23.40 ¢/kWh for New Hampshire residential accounts, rank 9 of 51, +42.0% against the U.S. New Hampshire: +26.5% over nine years, or +2.6% a year, trailing the national +30.3% by 3.8 points; 2022 was the biggest single move (+28.3%) and 2023 the high.

Last year's change in New Hampshire was -16.9% and falling. Against the commercial price of 19.40 ¢ the gap is 4.00 ¢. Residential sales are 44.4% of New Hampshire electricity sold, and an average New Hampshire account used 619 kWh a month, an implied bill near $145.

Counting revenue instead of kWh, New Hampshire residential accounts bring in 50.4% of New Hampshire sector revenue on 44.4% of the kWh, a premium of 6.0 points that comes from the price level: 23.40 ¢ here against 19.40 ¢ for commercial and 16.21 ¢ for industrial accounts. The average New Hampshire residential account uses 619 kWh a month, 42 of 51 among states on that measure; a commercial account uses 4.92 times as much and a industrial account 84.74 times. Residential accounts are 84.97% of the 768,001 accounts in New Hampshire.