ISO-NE -- Prices Set To Double -- June 15, 2022

Link here.

From the linked article:

One of [New Hampshire's] major utilities is set to double the price of electricity in August, and it’s likely other utilities will be forced to raise their prices, too. 

The price hikes are being driven by projected high costs of natural gas. 

In a Monday filing with the Public Utilities Commission, Liberty Utilities proposed increasing the per kilowatt hour price of electricity from 11.11 cents, the rate in effect from February to July of this year, to 22.23 cents starting in July. 

That means a typical household would see a 47 percent increase in its electric bill, according to consumer advocate Don Kreis. 

(Other charges on the bill would remain unchanged.) 

A household currently paying $150 per month would see their electricity increase to $220 per month. “I think people are really going to feel this in their pocketbooks. It’s going to be a very unpleasant winter for everyone in New Hampshire,” said Kreis, adding that low prices for natural gas have lulled the state and region into complacency over the last decade.

Something tells me a lot of folks are going to be thinking about those pipelines that could have been built and buried years ago. 

This is on top of their gasoline bills. 

And, on top of their food bills. 

And, of course, their new $80,000 EV as a second car.