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CPCNH hires executive director; hedging and legislation cited as protections against price spikes
Summary
Community Power Coalition NH (CPCNH) formally hired Henry Herndon as executive director; the group reported hedging 100% of purchases to avoid winter spot-market spikes, expects to stay competitive despite expected utility rate increases, and noted a House bill curbing certain utility cost passes.
Community Power Coalition NH told the Tamworth Energy Committee that Henry Herndon has been formally hired as executive director after serving in an acting role. CPCNH reported that it hedged 100% of its energy purchases, which the coalition said helped members avoid the high winter spot-market prices that affected other suppliers.
CPCNH staff indicated that although utilities are likely to raise rates in the next period (the next supply period starts in August, with an announcement expected in June), CPCNH expects to remain competitive. The update also cited a legislative development: the House passed a bill that prevents utilities from passing certain cost recovery to competitive supplier customers through fixed distribution charges. CPCNH reported operational activity including roughly 600 new accounts receiving opt-out letters in March, minimal attrition aside from one town (Bow) exiting the program, and a net-metering pilot with Unitil to use smart meters for improved data access and management.
