…by Anura Guruge
Prior ‘Resident Power’ Related Posts:
1/ We Now Get Electric From N.H. Resident Power — May 24, 2012.
2/ A Plug For N.H. Resident Power. Yes, We Signed Up — April 19, 2012.
The ‘Concord Monitor‘ (Sept. 29, 2012) does confirm that PSNH has requested a $0.0897 (or as they state ‘8.97 cent’) rate, though they cite that as a 5% increase. The 20% quoted by ‘Resident Power’ could be based on the price I get from them.
So, right now I am getting $0.076950 per KwH from ‘Resident Power’. IF PSNH gets their new rate, I would be saving $0.01275 KwH till May 2013 — which is when ‘Resident Power’ will quote me a new 12-month rate.
This month I used 859 KwHs. So that 0.01275 KwH would have come to $10.95. Nearly $11. So that is what I am saving with ‘Resident Power’ IF PSNH gets the new rate.
Every day I see folks coming to this blog after doing a search on ‘Resident Power Scam’ (or equivalent). I fully empathize. I too did such a search earlier this year BEFORE I signed up with them. If ‘Resident Power’ is a SCAM, the mechanics of it allude me — and I am not exactly a dummy. I see my bill (above), I know what I pay and that is that … SO FAR. I am paying $0.076950 per KwH to ‘Resident Power’ via PSNH. If there is a scam going on, I am not sure what it is. ‘Resident Power’ has no means of getting any money from me directly. They have to bill me through PSNH. I check my bill (honest).
So, that is where we are. We have been getting electric from ‘Resident Power’ since May 2012; so 5 months. So far, so good. Don’t think I have been scammed. If I was, I will let you know. Do not fret. Thank you.