GMP rates among lowest for New England

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GMP rates among lowest for New England

Wed, 05/25/2016 - 4:00pm -- tim

Vermont Business Magazine Green Mountain Power rates continue to rank among the lowest of New England’s largest utilities, according to the most recent data compiled by the Edison Electric Institute. Overall, GMP’s rates are the second lowest and 17 percent lower than the regional average, while its industrial rates are the lowest. Residential customer rates are ranked second lowest and commercial rates third lowest of the 14 utilities ranked, which cover the bulk of customers in New England. For March 2016 rates, Vermont had the lowest residential rates (17.11 cents per kwh) and second lowest overall (14.33) to Maine (13.01). The overall US average in March was 10.01 cents per kwh.

“It is so important that we keep costs low and stable for customers and that we remain competitive in our region, while also leading the nation with investments in new innovations and a clean energy future,” said Mary Powell, President and Chief Executive Officer of Green Mountain Power. “Clean, reliable and cost-effective energy is essential for the families and businesses of our state.

“It is so critical for a municipal water supplier like Champlain Water District to have stable electric rates and it is very encouraging to see that GMP’s rates are competitive across our region,” said Jim Fay, General Manager of Champlain Water District. “When GMP keeps rates low it helps us in our continued mission of supplying drinking water to our 12 served municipal systems within Chittenden County at a predictable low cost.”

Source: Edison Electric Institute, FERC Form I 
   
  2015
  Overall
  Total
Commonwealth Electric (NSTAR)           21.50
United Illuminating           21.03
Fitchburg Gas and Electric           20.30
Boston Edison (NSTAR)           19.67
Western Mass. Electric (NU)           18.99
Connecticut Light & Power (NU)           18.11
Massachusetts Electric (Nat Grid)           17.59
Unitil Energy Systems           17.50
Cambridge Electric (NSTAR)           17.37
Public Service of New Hamp. (NU)           16.21
Bangor Hydro-Electric           15.48
Green Mountain Power           13.95
Maine Public Service           13.00
   
Average NE           16.71
   
  Industrial
United Illuminating           17.71
Boston Edison (NSTAR)           17.59
Narragansett Electric (Nat Grid)           17.01
Commonwealth Elec (NSTAR)           16.45
Cambridge Electric (NSTAR)           15.45
Western Mass. Electric (NU)           15.31
Connecticut Light & Power (NU)           14.45
Massachusetts Electric (Nat Grid)           14.39
Public Service of New Hamp. (NU)           14.23
Fitchburg Gas and Electric           12.61
Unitil Energy Systems           11.44
Bangor Hydro-Electric           11.14
Maine Public Service           10.72
Green Mountain Power             9.81
   
Average NE           13.37
   
  Commercial
Commonwealth Electric (NSTAR)           25.57
Fitchburg Gas and Electric           20.01
Boston Edison (NSTAR)           19.02
United Illuminating           18.73
Western Mass. Electric (NU)           18.38
Unitil Energy Systems           18.24
Cambridge Electric (NSTAR)           16.98
Connecticut Light & Power (NU)           16.83
Narragansett Electric (Nat Grid)           16.82
Bangor Hydro-Electric           16.14
Public Service of New Hamp. (NU)           15.51
Green Mountain Power           14.20
Massachusetts Electric (Nat Grid)           13.94
Maine Public Service           13.09
   
Average NE           17.02
   
  Residential
United Illuminating           24.31
Fitchburg Gas and Electric           24.20
Cambridge Electric (NSTAR)           22.28
Commonwealth Electric (NSTAR)           22.11
Boston Edison (NSTAR)           21.41
Western Mass. Electric (NU)           20.58
Connecticut Light & Power (NU)           19.95
Mass Electric (Nat Grid)           19.01
Unitil Energy Systems           18.68
Narragansett Electric (Nat Grid)           18.31
Public Service of New Hamp. (NU)           17.88
Bangor Hydro-Electric           17.20
Green Mountain Power           16.87
Maine Public Service           14.70
   
Average NE           19.78

Green Mountain Power has lowered bills three times in the last four years and overall rates in 2015 were lower than they were in 2013, reflecting the company’s success in operating efficiently and its long-term power supply strategy.

“We are especially pleased to have kept rates stable at a time when cost pressures in New England have driven significant rate increases for other utilities, including some with double-digit increases,” Powell said.

Average Price of Electricity to Ultimate Customers by End-Use Sector,
by State, March 2016 and 2015 (Cents per Kilowatthour)

U.S. Energy Information Administration

  Residential Commercial Industrial Transportation All Sectors
Census Division
and State
March 2016 March 2015 March 2016 March 2015 March 2016 March 2015 March 2016 March 2015 March 2016 March 2015
New England 19.68 20.84 15.30 16.94 12.22 13.01 8.54 11.35 16.54 17.93
Connecticut 20.84 22.02 16.11 17.32 13.40 14.32 11.05 15.86 17.86 19.16
Maine 18.80 15.50 12.26 13.32 9.12 10.08 -- -- 14.07 13.01
Massachusetts 19.84 22.10 15.56 17.29 13.21 14.03 6.38 8.56 16.75 18.69
New Hampshire 18.46 19.55 14.57 16.42 12.40 14.01 -- -- 15.81 17.45
Rhode Island 19.07 20.00 15.65 18.77 13.57 16.43 18.53 17.70 16.79 19.03
Vermont 17.11 16.66 14.39 14.29 10.29 10.15 -- -- 14.43 14.33
Middle Atlantic 15.43 15.75 12.08 13.18 7.07 8.14 10.80 11.48 12.24 13.17
New Jersey 15.58 15.57 12.07 13.15 10.17 11.29 8.80 10.48 13.08 13.87
New York 16.89 19.02 13.58 15.07 5.99 7.67 11.62 12.81 13.76 15.61
Pennsylvania 14.06 13.16 9.45 10.01 7.00 7.85 8.38 8.27 10.33 10.60
East North Central 12.94 12.34 9.73 9.85 6.77 6.98 7.12 7.27 9.67 9.72
Illinois 12.56 11.96 8.65 9.19 6.29 6.97 6.90 6.57 9.03 9.35
Indiana 11.21 10.76 9.59 9.66 6.66 6.78 10.07 10.78 8.72 8.80
Michigan 14.83 13.81 10.39 10.35 6.90 7.12 11.21 11.35 10.69 10.59
Ohio 12.47 12.16 9.84 9.76 6.83 6.80 7.62 12.42 9.69 9.70
Wisconsin 14.23 13.96 10.81 10.85 7.56 7.61 15.00 -- 10.70 10.68
West North Central 11.16 10.41 8.95 8.61 6.81 6.57 8.36 7.94 9.05 8.64
Iowa 11.50 10.87 8.45 8.45 5.40 5.58 -- -- 7.95 7.92
Kansas 13.17 12.05 10.37 10.04 7.50 7.32 -- -- 10.31 9.88
Minnesota 12.23 11.53 9.46 8.89 7.07 6.61 10.03 9.19 9.64 9.03
Missouri 10.06 9.46 8.13 7.86 6.00 5.42 6.57 6.51 8.58 8.09
Nebraska 10.31 9.76 8.63 8.60 8.49 8.38 -- -- 9.13 8.93
North Dakota 9.82 8.78 8.92 8.17 8.05 8.12 -- -- 8.81 8.34
South Dakota 10.98 10.17 9.22 8.58 7.59 7.35 -- -- 9.55 8.99
South Atlantic 11.72 11.44 9.26 9.66 5.94 6.37 7.76 8.18 9.68 9.92
Delaware 13.39 12.72 10.51 11.63 8.66 8.97 -- -- 11.49 11.72
District of Columbia 13.24 12.36 11.58 12.60 9.06 8.80 9.37 10.69 11.80 12.41
Florida 11.24 11.63 9.20 9.81 7.77 8.31 8.34 9.05 10.10 10.64
Georgia 11.14 10.58 9.32 9.25 4.98 5.15 4.26 4.89 8.86 8.79
Maryland 14.36 13.16 10.96 11.67 7.84 9.68 7.83 8.34 12.25 12.25
North Carolina 11.66 11.24 8.52 8.86 5.37 6.32 7.74 7.87 9.16 9.56
South Carolina 12.86 12.22 9.90 10.12 5.42 5.75 -- -- 9.32 9.38
Virginia 11.18 10.94 8.09 8.48 6.65 7.18 7.93 8.32 9.07 9.47
West Virginia 11.00 9.62 9.55 8.71 6.47 5.98 -- -- 8.75 8.02
East South Central 10.68 10.43 10.04 10.25 5.48 5.68 -- -- 8.68 8.84
Alabama 12.11 11.78 10.91 10.92 5.61 5.65 -- -- 9.12 9.11
Kentucky 10.05 9.70 9.39 9.36 5.23 5.20 -- -- 7.91 7.86
Mississippi 10.91 11.11 9.79 10.96 5.64 6.45 -- -- 8.62 9.55
Tennessee 10.01 9.79 9.92 10.03 5.49 5.82 -- -- 8.91 9.03
West South Central 10.68 10.72 7.65 8.04 5.20 5.64 5.69 5.58 7.82 8.35
Arkansas 9.62 9.02 7.96 7.84 5.54 5.65 9.22 11.33 7.68 7.69
Louisiana 9.14 8.81 8.90 8.74 5.21 5.43 9.28 8.77 7.44 7.61
Oklahoma 10.24 9.51 6.72 7.35 4.44 5.06 -- -- 7.17 7.51
Texas 11.25 11.63 7.55 8.02 5.28 5.79 5.41 5.35 8.03 8.74
Mountain 11.30 11.43 9.09 9.46 5.87 6.27 9.38 9.91 8.76 9.08
Arizona 11.75 11.51 9.75 9.68 5.40 5.94 8.33 7.39 9.45 9.57
Colorado 11.35 11.73 8.99 9.73 6.71 6.92 9.04 10.23 9.13 9.57
Idaho 9.80 9.59 7.66 7.77 5.98 5.96 -- -- 8.05 7.90
Montana 10.92 10.63 10.24 10.30 4.74 5.02 -- -- 8.89 8.93
Nevada 12.28 13.62 8.30 9.73 4.82 6.10 7.47 8.68 7.95 9.14
New Mexico 11.44 12.11 9.36 10.11 5.78 6.25 -- -- 8.65 9.40
Utah 10.67 10.49 8.25 8.28 6.04 5.90 10.14 9.99 8.24 8.18
Wyoming 10.85 10.61 9.39 9.16 6.98 7.04 -- -- 8.19 8.20
Pacific Contiguous 14.16 13.76 12.33 12.34 8.10 8.04 8.92 8.17 12.04 11.86
California 17.66 17.04 13.83 13.91 10.39 10.74 8.91 8.13 14.34 14.28
Oregon 10.42 10.49 8.87 8.86 5.80 5.96 9.21 9.23 8.83 8.77
Washington 9.22 8.67 8.48 8.23 4.40 4.30 9.84 9.25 7.74 7.28
Pacific Noncontiguous 23.96 25.49 20.89 22.86 18.57 21.21 -- -- 21.03 23.13
Alaska 20.06 19.64 17.66 17.56 15.35 14.62 -- -- 17.92 17.65
Hawaii 27.35 30.87 23.99 27.97 19.86 23.79 -- -- 23.24 27.12
U.S. Total 12.58 12.34 10.13 10.52 6.47 6.81 9.43 10.18 10.01 10.27

See Technical notes for additional information on the Commercial, Industrial, and Transportation sectors.
Notes: - See Glossary for definitions. - Values are preliminary estimates based on a cutoff model sample.
See Technical Notes for a discussion of the sample design for the Form EIA-826.
Utilities and energy service providers may classify commercial and industrial customers based on either NAICS codes or demands or usage falling within specified limits by rate schedule.
Changes from year to year in consumer counts, sales and revenues, particularly involving the commercial and industrial consumer sectors, may result from respondent implementation of changes in the definitions of consumers, and reclassifications.
Totals may not equal sum of components because of independent rounding.
Source: U.S. Energy Information Administration, Form EIA-826, Monthly Electric Sales and Revenue Report with State Distributions Report.

Source: GMP 5.25.2016. U.S. Energy Information Administration, March 2016