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NH PUC Approves Eversource Default Service Procurement Tranche For 12.5% To Supply Needs Of Small Customer Group
The New Hampshire PUC has approved a plan filed by Public Service Company of New Hampshire d/b/a Eversource Energy (PSNH or Eversource), developed in response to a PUC directive, for the introduction of an ISO-New England market-based procurement tranche for 12.5% of the Energy Service (default service) supply needs of PSNH’s small customer group.
“The use of the tranche procured from the ISO-NE markets is to be implemented for the August 1, 2024, to January 31, 2025, default service period, and “is expected to provide cost savings for Energy Service customers.”
“Given the ongoing broad differential between the ISO-New England prevailing monthly market prices, including all components, and the requirements-contract prices being paid by Eversource, we expect that this approach will offer savings for Eversource energy service customers, and offer a valuable process for a market-based procurement approach.”
Under the plan approved by the PUC, PSNH is to conduct its requirements-contract bidding solicitation, Group default service load (12.5 percent each). When the RFP bidding results are received, PSNH is to select the seven lowest bids as the winning bids for the 87.5 percent of Small Customers.
Order
DE 23-062
Proceeding To Consider Eversource’s 2023 Default Service Solicitations.
