Energy
Ratepayers Stage a Ballroom Coup
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On November 30, the CLG held its most recent quarterly meeting at the Colonnade Hotel near the Prudential Center in Boston. There was plenty of food, as usual.
InDepthNH.org (https://indepthnh.org/series/power-to-the-people/page/5)
Power to the People is a new column by D. Maurice Kreis, New Hampshire’s Consumer Advocate. Kreis and his staff of four represent the interests of residential utility customers before the NH Public Utilities Commission and elsewhere.
On November 30, the CLG held its most recent quarterly meeting at the Colonnade Hotel near the Prudential Center in Boston. There was plenty of food, as usual.
Joseph R. Nolan, Jr., President and Chief Executive Officer of Eversource, received nearly $6.5 million in compensation last year. Or, at least, so says the 2022 annual proxy statement of the region’s biggest utility empire.
As natural gas and, especially, electric rates have soared in recent months there is widespread concern that utilities, their shareholders, and their executives are profiting handsomely at the expense of struggling ratepayers.
In this episode Don Kreis shares a whimsical story about how net metering began as well as a brief primer on the technology and why it is so important now that consumers consider the advantages of adding solar to their homes and businesses in light of skyrocketing electric rates.
If you think energy efficiency is an imaginary friend, visit Durham and ask any middle school kid you happen to find.
A wholly-owned subsidiary of Hydro-Québec has entered into an agreement to acquire Great River Hydro, LLC, which owns 13 hydropower generating stations with a total installed capacity of 589 megawatts along New England’s Connecticut and Deerfield rivers in the states of Vermont, New Hampshire and Massachusetts.
There is something about spinning your electric meter backwards (metaphorically, if you have a digital meter) that captures the imagination and, in some circles, inspires outrage.
ISO New England is nervous, yet again, about whether the electricity grid will hold up if an extended cold snap stresses the available supply of natural gas. Meanwhile, electricity prices have gone haywire, as evidenced by the 22.6 cents per kilowatt-hour that Eversource has recently started charging its default energy service customers in New Hampshire.
Reading the recently issued New Hampshire 10-Year State Energy Strategy made me think of my new hero, the free-market economist Tyler Cowen.
To paraphrase revolutionary pamphleteer Thomas Paine, these are the times that try ratepayers’ souls. The arrival of 22 cent electricity on August 1 in New Hampshire is the biggest and scariest energy-related news to hit the Granite State in 26 years.