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Oct 25, 2016 3:54 PM

NH Electric Cooperative to increase rates by 14.2 percent starting Nov. 1


PLYMOUTH — Residents in the central part of the Granite State should expect to see an increase in their electric bills next week.

The New Hampshire Electric Cooperative (NHEC) board of directors approved rate hikes of 14.2 percent, effective with bills issued on or after Nov. 1, the Union Leader reported.

NHEC anticipates the hike will result in an increase of $12.69 per month for a typical residential customer using 500 kilowatt-hours per month.

From May 1 through Nov. 1 NHEC decreased the energy supply portion of electric bills by 43 percent.

NHEC serves 84,000 homes and businesses in 115 New Hampshire communities in the central part of the state.

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