NHEC holding power rate steady for summer period

PLYMOUTH — New Hampshire Electric Cooperative has announced that it will hold its Co-op Power rate steady at the current level for the summer period (May to November).

The Co-op Power rate reflects the cost NHEC pays to purchase electricity from the regional market on behalf of its members. The price NHEC pays for this power is directly passed along to its members who do not buy their electricity from a competitive supplier. Market prices have been low, so NHEC members will continue to benefit from lower regional electricity costs. The current Co-op Power rate is 18 percent lower than last year’s summer period.