No matter who supplies your energy, you will pay more.
Groton Utilities announced that residential, commercial and industrial customers “should prepare for higher than normal electricity bills” this winter, due to rising energy costs that the utility can no longer absorb.
Eversource warned of higher bills in its third quarter earnings call last week.
Norwich Public Utilities also announced that starting November 1, Norwich Public Utilities’ bills will increase by 10-12% to reflect the current cost of purchasing electricity and natural gas, as well as preprogrammed increases in electricity and gas tariffs. gas.
Eversource CEO Joseph Nolan warned that bills could rise by 40% as oil supplies shrink, News 8 reported earlier last week.
And Nolan explained this in comments on Eversource’s third-quarter earnings phone call Thursday: He said the default service rate in New Hampshire increased in August from 11 cents to 22 cents per kilowatt hour and “similar levels are likely in Massachusetts. and Connecticut start in January. “
Nolan said residential natural gas customers are looking at bills that are on average 20 percent higher than last winter, albeit “a little less than Connecticut’s.”
“Not only are fossil fuel prices much higher than they were a year ago, our region continues to be challenged by the combination of a heavy reliance on natural gas production and inadequate infrastructure to provide enough natural gas to that generation during the cold winter months, “Nolan said.
He added that this winter “looks particularly challenging for New England, given the disruptions in global energy markets caused by the war in Ukraine” and the region’s access to liquefied natural gas will be even more limited than in recent years.
But he said Eversource maintains a roughly 20-day supply of liquefied natural gas at its facilities and that the company began planning for resource storage in the spring.
“I feel very good about the natural gas supply and situation for Eversource customers this winter. I’m not worried about that, “Nolan said. Rather, his concern is that electric generators” don’t have a constant supply of fuel. “
He noted that ISO New England, which operates the electricity grid in all six electric states, indicated that although supply would be adequate in a moderate winter, “they could be challenged during a prolonged period of bitter cold.”
Nolan acknowledged this “serious threat to public health and safety” in a letter to President Joe Biden on October 27, asking the president to use emergency powers to ensure adequate fuel resources in bad weather in New England.
“Many of the solutions require advanced planning because they may require action from regulators, find new resources, charter vessels and arrange additional fuel deliveries,” Nolan said Thursday. “As a utility (transmission and distribution) company with no generation other than 70 megawatts of solar power, we are very limited in terms of how we affect the supply-demand equation for winter time.”
Eversource encourages customers to call (800) 286-2828 to see if they are eligible for various state and federal support or payment plans. The utility is also encouraging customers to sign up for one of three webinars at 12 noon on November 17, December 1, or December 8, to learn more by avoiding service disconnection, payment plans, and energy efficiency programs.
Those who want to participate must register at eversource.com/billhelp.
For the third quarter of 2022, the company reported profits of $ 349.4 million, up from $ 283.2 million for this period last year.
Groton Utilities said in a press release that customers can expect, starting January 1, an increase in the purchased power adjustment portion of their electricity bill by $ 0.01602 kWh. A residential customer who uses an average of 700 kWh of electricity per month could see an increase of $ 11.21 on their bill, according to the release.
Groton Utilities noted in the statement that electricity costs are rising nationwide, including due to natural gas prices, and that the New England region is “particularly susceptible to natural gas price volatility due to inadequate infrastructure. to supply natural gas to the region “.
“The region relies heavily on natural gas to power more than 50 percent of its electricity needs,” Groton Utilities said in the statement. “Locally, our power costs increased by 23% in fiscal year 2022 and are projected to increase by another 23% in 2023.”
“Groton Utilities is already starting to feel the pinch of higher wholesale energy costs, as are most other utilities, but we felt it was important to push this adjustment beyond the holiday season if possible,” said the director of Utilities. Ron Gaudet in a note. “We are all of our own utilities customers and we see that costs are rising everywhere – it’s painful. We wanted to alert our customers now so they can prepare for the January bill hike. “
Groton Utilities noted in the release that, as part of the Connecticut Municipal Electrical Energy Cooperative (CMEEC), it buys energy “in bulk,” which has enabled it to keep prices lower than its competitors.
Groton Utilities said its website offers tips on how customers can save energy and to learn about discount promotions, such as for smart thermostats. The utility also listed programs available to help customers with energy bills, including the Connecticut Energy Assistance Program, TVCCA Energy Assistance, United Way Project Warm-Up, and Town of Groton Human Services Groton Utilities Energy Assistance Program.