Eversource's Proposed Rate Cut in New Hampshire Linked to Global Natural Gas Impact

Eversource, a utility company in New Hampshire, is proposing a significant rate cut for electricity supply starting in February. The price of generating electricity has decreased, leading to a proposed drop in supply rates from 12.58 cents to 8.29 cents per kilowatt hour. If approved by the state's Public Utilities Commission, this would result in a 35% decrease in overall electric bills for customers. Eversource attributes the rate cut to the stabilization of the natural gas market, as New England heavily relies on natural gas for electricity generation.