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CONCORD, NH – Americans for Prosperity-New Hampshire (AFP-NH) today commended Governor Sununu for vetoing HB 365, a net metering bill that would result in higher costs for ratepayers.
New Hampshire rate payers face some of the highest electric rates in the country. According to the U.S. Energy Information Administration, New Hampshire residents pay an average retail price of 20.20 cents per kilowatt hour, compared to a national average of 12.70 cents.
“The first thing you should do when you find yourself in a hole is to stop digging. With the sixth highest electric rates in the country, we should pass policies that provide rate relief rather than adding to our already high costs,” said Greg Moore, AFP-NH State Director. “We need to ensure our state remains competitive and not force businesses to find other locations to set up shop and provide jobs because of our sky-high electric costs. AFP-NH thanks Governor Sununu for protecting low and fixed-income individuals from getting hit hardest by this policy and helping our economy grow.”
An analysis conducted by Strata Policy Research and commissioned by AFP-NH’s sister organization, Americans for Prosperity Foundation, found New Hampshire’s energy policies contributed to Granite Stater’s high electricity costs.
The study recommended New Hampshire’s renewable energy programs be eliminated or reformed so that money is directed towards rate relief, rather than subsidizing inefficient renewable energy programs.