Deregulation, or energy option, enables you to look for the generation, or supply, portion of your power expense. Why look past your utility for this service? Energy supply comprises over half of your bill and also different suppliers might offer attractive electrical costs in New Hampshire not readily available by your energy company. Plan choices, such as those benefiting green power projects, are another benefit to making the button.
New Hampshire Energy Companies
New Hampshire initially started to deregulate their power market in the late 1990s. It took some time for retail power companies to begin using their solutions to New Hampshire residents and services. Today, New Hampshire homeowners have lots of options to select from for their electrical power company. Although several affordable suppliers are starting to service New Hampshire, their rates are currently 45% greater than the nationwide standard. Commercial electrical power prices are available in at 34% greater as well as the commercial electrical power prices are available in at 76% higher in NH over the national standard. New Hampshire locals and businesses are hopeful these costs will certainly fall as more retail energy carriers get in the marketplace.
Deregulation, or energy option, enables you to shop for the generation, or supply, portion of your power expense. Power supply makes up over fifty percent of your bill and also alternative providers may use appealing electrical costs in New Hampshire not available by your energy business.
Compare Energy Comparison Sites New Hampshire
Plans that fit every New Hampshire lifestyle. Pick from many competitive NH electrical energy prices, giving you the power security you are entitled to as opposed to costs that change with the passing away of periods. You'll like recognizing precisely what power price you'll pay on each electricity costs.
Quality customer support is a high top priority for those staying in New Hampshire, and the electric business recognize since there is competitors in the energy industry, they need to be far better at client solution. Electric firms in New Hampshire are doing their best to offer their consumers much better than their competitors. Yet some companies do a far better task at this than others. Call today to find out which companies in your location have the very best consumer service scores and well as cost effective electricity rates.

The city of Concord has had the capability to change power suppliers since 2003 when the state of New Hampshire initially opened its doors to independent retail power service providers. In enhancement to offering you with economical and also trustworthy solution, top energy business are also looking for new sustainable energy sources that will simultaneously assist the atmosphere and reduce your power expenses.


Changing to a third celebration electrical provider is not required as well as you have the alternative of staying with your EDC for basic general solution. Historic rates is not a measure of future pricing.
New Hampshire Compare Energy Providers
New Hampshire Energy Providers Near Me
Changing to a 3rd party electric distributor is not mandatory as well as you have the option of staying with your EDC for fundamental general service. Historic prices is not a measure of future prices.

This is primarily due to the big independent power suppliers already in the state marketing generally to huge businesses and companies. Electrical power price competitors in New Hampshire hasn't established as a lot as the state's citizens had actually hoped.

If you determine to forgo getting power from a provider, your utility company will stay accountable for all three energy services: distribution, transmission as well as generation. No issue that you select to purchase your energy supply from, the electric firms in New Hampshire will certainly continue to be liable for bring back power if there is an interruption.
The objective of a deregulated power system is to help clients save money by providing choices for their power supplier. New Hampshire's state legislature deregulated the energy market by taking the syndicate away from the local energy companies and also opening the market as much as national, trusted retail vendors. Retail distributors supply a series of strategies and items, such as:

When you should be enjoying your day somewhere else, don't squander also much time contrasting NH electrical power prices. We'll make it very easy for you with our electric rates for your New Hampshire residence. You no longer need to depend on energy providers in New Hampshire.
We have not done a similar research in New Hampshire. But our retail restructuring program is essentially identical to the one in Massachusetts. Many of our competitive electric distributors are likewise doing organisation in the state to our south. And there is no factor to assume a multistate company gets kinder or even more virtuous just by crossing the Massachusetts-New Hampshire boundary.
If you make a decision to select an affordable energy distributor, you will still be a client of your electrical energy for the distribution of electricity to your house or business. The energy will certainly still be in charge of recovering power if there is a blackout. What will certainly be different is that you will certainly currently additionally be a client of a competitive energy vendor for the real electricity that you utilize in your house or service. You might receive one costs, occasionally called consolidated payment, from your electric energy for both the delivery as well as the power. Or you may obtain 2 costs-- one from your electrical utility for the shipment of the electrical energy as well as the various other from the affordable power supplier for the power you made use of. Everybody's costs is various, yet as a basic guideline, about fifty percent of the overall costs is for distribution et cetera is for the electricity you use.. Our goal is to give risk-free, trustworthy electric service to our members under the conditions and terms laid out in the documents below, and also in conformity with New Hampshire Public Utilities Compensation (NHPUC) guidelines. The delivery of power and also its usage by our participants constitutes an agreement between us that is subject to the documents listed below.
Nebraska is the only state that generates power completely by publicly-owned power systems. Since 2017, the statewide ordinary electrical energy cost is the sixteenth-lowest price in the nation, based upon the most up to date government numbers. Nationally, electrical power expenses 15 percent even more than it carries out in Nebraska. Across all fields, Hawaii has the highest electrical energy price (26.07 cents), and also Louisiana has the most affordable power price (7.75 cents).
Budget-friendly power is a crucial element of a healthy and balanced economic situation, guidelines often enhance power prices. Today, there is no cost-effective way to capture the carbon dioxide outcome of the burning of these fuels, so any kind of guidelines that limit carbon dioxide emissions will certainly either limit the use of natural gas, petroleum, as well as coal, or drastically enhance their rates.
You will certainly not be charged by your neighborhood utility for switching over to a power supplier. Some power providers in New Hampshire might require a down payment prior to you start your supply plan.
VARIABLE V. FIXED RATES-- Variable rates can differ by day or month, is based on the marketplace rate for the retail power company, as well as can be really unpredictable. Nevertheless, oftentimes service providers won't bill a registration charge or early termination cost with these strategies. With fixed rates, consumers can pay one reduced price that will never alter up until the agreement expires.
Concord is the resources of New Hampshire with a populace of over 42,000 since 2016. Concord has two energies that serve electricity to their homeowners, Unitil and also Eversource Energy. Freedom Utilities is the gas utility of all Concord locals and companies. The typical power rate in Concord, NH is over 13% much less than the rest of New Hampshire as well as 17% less than the national standard.
By recognizing the "supply rate" on your electric expense, you can begin to contrast that with independent rail suppliers. While cost is really vital, it's not the only point that ought to be taken into consideration. Right here are a couple of various other elements when changing providers:.
New Hampshire Find Cheapest Energy Supplier

There are 4 electrical utilities that offer all of New Hampshire.
A major inquiry you should consider when determining whether to switch over power carriers in New Hampshire is: "What will happen to electric prices?" This can be a difficult concern to respond to as rates are perpetually in flux. In the short-term it's difficult to anticipate precisely what will certainly happen to rates, however when taking a look at a longer term image things come to be a little bit extra clear.
Publicly traded power and gas distribution business serving consumers in New Hampshire, Massachusetts and Maine. Gas circulation is greatly along Shore and electrical energy distribution is in Concord as well as Coast locations. Roughly 29,000 gas customer in NH.
Around 2010-2011 New Hampshire electrical energy decontrolled market took off with low energy prices as well as the number of brand-new vendors servicing the location. Gas has come to be so inexpensive that variety of nuclear power plant started completing increasingly to market their excess supply. It additionally led to hard bidding by seller plants on the energy system, reducing the plants' margins, yet dramatically profiting the end-customers.
Finding and enrolling in a brand-new power strategy is simple in all. Home owners and also occupants can compare electrical costs in New Hampshire and sign up online, while local business owner or managers must consult with a firm representative before they can sign up. Company power strategies are specialized for the certain organisation-- normally due to the fact that commercial buildings consume more energy than their domestic equivalents-- and power providers in New Hampshire intend to ensure they use an appropriate strategy.
New Hampshire is not just one of the initial 13 swarms in the UNITED STATES, it is also the first state to develop its own state constitution.
Electric business recognize this as well as are making every effort daily to discover methods to reduce their energy rates so they can pass the financial savings on to their clients. In enhancement to offering you with affordable and also trustworthy solution, leading power business are also looking for brand-new sustainable energy resources that will at the same time help the atmosphere and minimize your electricity prices.
This is mainly due to the big independent power companies already in the state marketing mainly to large companies as well as companies. Electrical power rate competitors in New Hampshire hasn't established as much as the state's locals had actually really hoped.
New Hampshire Cheap Electricity Per kWh
New Hampshire's energy clients as well as decontrolled power consumers will obtain the very same high level of solution and electricity delivery for their homes or services. The only distinction decontrolled power consumers will certainly experience is the price they pay for their regular monthly power supply-- this is the price that you authorized up for with your retail distributor.
Changing to a 3rd event electric provider is not mandatory and you have the alternative of remaining with your EDC for standard general solution. Historical pricing is not a measure of future rates.
Based on the chart above, electric rates in the U.S. have been continuously raising over the previous years. Assuming this trend continues, the ideal way to shield on your own from enhancing prices is to switch into a 12-month or 24-month strategy as well as lock right into a reduced price.
Default power solution is what you get if you do not make the most of your right under the Restructuring Act to pick a competitive electrical power provider..
Your electric costs includes 2 parts-- delivery service as well as energy supply. Distribution solution is the posts as well as wires that bring electricity to your residence or service. Your electrical energy (also called the electrical distribution firm) supplies electrical power to all clients within its specified solution area. The power supply portion of your bill is for the electrical power you use in your home or company. Who supplies that power is up to you, the customer. You might continue to purchase your power from your electrical utility or you might select to purchase your power from a competitive power distributor..

If you're an New Hampshire homeowner, you have actually probably noticed that your electric costs are damaged down into two major components. One is supply, where your electrical power comes from, and also the various other is distribution, exactly how it shows up to your house through the physical power lines.
We have not done a similar research study in New Hampshire. Our retail restructuring routine is basically the same to the one in Massachusetts. Many of our affordable electric suppliers are additionally doing service in the state to our south. And there is no reason to presume a multistate organisation obtains kinder or even more virtuous simply by crossing the Massachusetts-New Hampshire border.

Default power service is what you get if you do not take benefit of your right under the Restructuring Act to pick a competitive electrical power vendor..


Perhaps it's as easy as calling for affordable electrical suppliers to supply prices that amount to or defeat the default service readily available from utilities. Probably we require to forbid affordable providers from automatically placing consumers on a brand-new rate plan when their first rate deals run out. Or perhaps it's time for the Public Utilities Compensation to open an official investigation into whether restructuring has been good for our state's electrical customers.
Some states chose to deregulate its power market to enable consumers a choice in their provider of electrical energy. Much more recently, given that distributors have actually recently been able to do their billing in combination with the energy, there are currently several Retail Electric Providers (RES) offering less costly and greener electrical energy choices for homeowners as well as businesses.
The city of Concord has had the capacity to switch over power carriers since 2003 when the state of New Hampshire first opened its doors to independent retail power carriers. The process of deregulation started in 1996 when the state passed a bill that required the general public Utilities Commission to create a prepare for a competitive energy market and restructure the current utilities by 1998. The plan was finished by 1997 and prepared for independent retail electrical power providers to start supplying their solutions to NH citizens. It took 5 years for the energies in NH to restructure but in May 2003 the very first independent retail power providers were in the state.

Whether you want saving loan, conserving the setting or both, we can aid you find an electrical energy company in New Hampshire that fits your budget plan and also your top priorities. For the very first time ever electrical firms are including a selection of energy plans, including strategies that utilize renewable power such as wind, solar, as well as water-generated electricity. This makes environmentally mindful consumers able to utilize environment-friendly power sources in their house without special equipment or costly remodellings to their houses. Call today to get quotes on power costs from leading power companies in New Hampshire.
New Hampshire's utility clients and deregulated power clients will receive the exact same high degree of service and power delivery for their residences or businesses. The only difference deregulated energy clients will certainly experience is the rate they spend for their monthly energy supply-- this is the price that you registered for with your retail provider.
When shopping electricity rates, there are other factors that must be thought about.
The objective for stimulating the modification was to open up an affordable market, ultimately driving down energy expense. New Hampshire was the very first state in the nation to attempt it and also a number of others have participated the idea ever since. Under New Hampshire's strategy, the generation fleets of the investor-owned energy companies are divested, leaving the utilities simply for transmission as well as power delivery.
Like a lot of the states in the Northeast, New Hampshire has a few of the most costly electricity rates in the USA. Greater than 40 percent of the state's electrical energy is produced from the nuclear power plant, the largest solitary nuclear reactor in New England.
There you'll find a listing of the electric distributors along with what areas they offer. Keep in mind that some suppliers only serve company customers.

Plans that fit every New Hampshire lifestyle. Choose from lots of affordable NH power rates, giving you the power safety and security you deserve as opposed to prices that alter with the passing away of periods. You'll like understanding specifically what power price you'll pay on each electrical energy costs.
Some states determined to decontrol its energy market to permit customers a selection in their supplier of power. Much more lately, since providers have recently been able to do their billing in conjunction with the energy, there are now numerous Retail Electric Vendors (RES) giving less costly as well as greener electrical power alternatives for organisations as well as homeowners. Clients can still select to get their electrical supply from the utility or from among these new different providers. Distributors are commonly able to offer reduced prices due to the fact that they have the ability to acquire electrical energy extra frequently than the utility, and they can better approximate the amount to buy since they have less clients than the much larger energies.
New Hampshire began the procedure of deregulating their power market in 1996 with an expense that was recommended to the New Hampshire Public Utilities Commission. The proposed expense called for the general public Utilities Payment to develop a strategy for a competitive energy market and also restructure the existing energies by 1998. The strategy was completed by 1997 and prepared for independent retail electricity companies to start offering their services to NH citizens.

Some could be looking to an extra environmentally pleasant sustainable power strategy. We do our best to locate the ideal rates and best environment-friendly power strategy for you and place them at the top of the outcomes page.

Plans that fit every New Hampshire way of life. Select from lots of affordable NH electrical power prices, giving you the energy safety you are entitled to as opposed to costs that transform with the passing of seasons. You'll love recognizing exactly what energy price you'll pay on each power bill.

The city of Concord has had the capacity to change energy carriers because 2003 when the state of New Hampshire initially opened its doors to independent retail energy suppliers. In addition to supplying you with reputable as well as affordable solution, leading power business are likewise looking for new lasting power sources that will at the same time aid the environment and also decrease your power expenses.
4 electrical circulation companies operate in New Hampshire, each serving an equally unique franchise area.
The city of Concord has had the capacity to change power service providers because 2003 when the state of New Hampshire first opened its doors to independent retail power carriers. The process of deregulation began in 1996 when the state passed an expense that required the general public Utilities Payment to establish a prepare for an affordable power market and restructure the current energies by 1998. The plan was completed by 1997 and also laid the foundation for independent retail power providers to start providing their solutions to NH homeowners. It took 5 years for the energies in NH to restructure however in May 2003 the first independent retail power companies were in the state.

Economical energy is a vital element of a healthy and balanced economy, policies often increase power expenses. Today, there is no affordable way to catch the carbon dioxide result of the burning of these gas, so any regulations that limit carbon dioxide emissions will either restrict the use of all-natural gas, oil, and coal, or substantially increase their costs.
A major question you should consider when deciding whether to switch electricity suppliers in New Hampshire is: "What will take place to electric prices?" This can be a tricky concern to respond to as prices are perpetually in flux. In the short-term it's tough to anticipate precisely what will occur to rates, but when considering a longer term picture points come to be a little bit more clear.
There are four electrical energies that offer every one of New Hampshire.
Currently the New Hampshire deregulated markets have actually developed. Much more domestic as well as business clients are taking advantage of the reduced prices afforded by the deregulation, reducing their power costs. Do not postpone as well as begin going shopping for your ideal electrical price CURRENTLY.

This is primarily due to the large independent energy companies already in the state advertising and marketing mainly to huge companies and firms. Electrical power rate competition in New Hampshire hasn't created as a lot as the state's citizens had wished.

For many people, the most vital point to compare when shopping electrical power is the cents/kWh rate. If this holds true, you'll want to find a retail power supplier that offers a reduced price than what you are presently paying, which is described as the Price-to-Compare and can be found on your current utility expense. Keep in mind, even a small distinction can result in big cost financial savings. However, some might be looking to a much more ecologically friendly renewable resource strategy. We do our ideal to find the best rates as well as finest eco-friendly power strategy for you and put them at the top of the outcomes page.
New Hampshire's energy clients as well as deregulated power customers will obtain the exact same high level of service as well as power shipment for their houses or organisations. The only distinction decontrolled power customers will certainly experience is the price they pay for their monthly energy supply-- this is the rate that you authorized up for with your retail provider.

Deregulation, or energy choice, allows you to shop for the generation, or supply, section of your energy bill. Power supply makes up over fifty percent of your expense as well as alternate distributors might use eye-catching electric rates in New Hampshire not offered by your energy company.
You will certainly not be billed by your local energy for switching to an energy supplier. However, some power suppliers in New Hampshire might need a deposit prior to you start your supply strategy. The quantity of this down payment might be based on your current standing with the regional energy or your credit report. Deposits can transform from distributor to vendor-- also prepare to plan. When joining, ask about your chosen distributor's down payment requirement and any in advance costs for a more clear photo.
Action 1: Compare alternate electric vendors in New Hampshire. You can compare alternate electric providers by going to the internet site.
New Hampshire initially started to decontrol their power market in the late 1990s. It took some time for retail power providers to start using their solutions to New Hampshire services and homeowners. New Hampshire organisations and homeowners are confident these prices will drop as more retail energy service providers enter the market.
New Hampshire Gas Suppliers
The state has actually been decontrolled for over a years, lots of New Hampshire homeowners as well as organisation still have actually not switched over to an independent retail supplier. This is mostly due to the large independent energy providers already in the state marketing generally to big companies as well as corporations. Electricity rate competitors in New Hampshire hasn't created as much as the state's locals had actually really hoped. Nevertheless, this fad is starting to transform in New Hampshire as more and extra competitive prices are being offered and also marketed to domestic consumers.

New Hampshire Electricity Service
New Hampshire Business Electricity Providers
Switch Electricity Companies Today In New Hampshire
New Hampshire began the procedure of decontroling their power market in 1996 with a costs that was recommended to the New Hampshire Public Utilities Payment. The suggested expense required the general public Utilities Commission to create a prepare for an affordable energy market and also restructure the present energies by 1998. The plan was ended up by 1997 and laid the groundwork for independent retail electrical energy service providers to begin using their services to NH citizens.

New Hampshire Electric Providers In My Area


New Hampshire Compare Utility Bills

Some states chose to decontrol its energy market to enable customers a choice in their vendor of electrical energy. A lot more just recently, given that suppliers have actually recently had the ability to do their payment together with the utility, there are currently many Retail Electric Providers (RES) providing much less costly and greener electricity alternatives for companies and also residents. Consumers can still pick to get their electrical supply from the energy or from one of these brand-new different vendors. Vendors are usually able to offer reduced prices since they're able to get electrical energy much more frequently than the utility, as well as they can much better estimate the total up to buy because they have less customers than the much larger energies.
For many individuals, one of the most vital point to compare when purchasing electrical energy is the cents/kWh rate. If this is the situation, you'll intend to discover a retail power supplier that provides a reduced price than what you are presently paying, which is described as the Price-to-Compare and can be located on your present utility expense. Maintain in mind, also a minor distinction can cause large expense financial savings. Nevertheless, some could be looking to an extra eco pleasant renewable power plan. We do our best to find the ideal rates and ideal environment-friendly power prepare for you and put them at the top of the outcomes page.
When much more electrical companies are defending your service, it brings about higher innovation in the sector and inevitably advantages you. Every electric business desires your business, so they're doing every little thing they can to try to obtain it. Today you can go shopping for reduced electrical energy rates, even more plans as well as better customer support. Regardless of what you're searching for in an electric business, Meredith energy suppliers are functioning each day to be much better at the services that matter most to you.

Your electric energy (also understood as the electrical distribution business) supplies power to all consumers within its defined solution location.
As of 2017, the statewide average power cost is the sixteenth-lowest price in the nation, based on the most current federal numbers. Throughout all sectors, Hawaii has the greatest electrical power rate (26.07 cents), as well as Louisiana has the least expensive electrical energy rate (7.75 cents).

Whether you have an interest in conserving money, conserving the setting or both, we can aid you discover an electricity business in New Hampshire that matches your budget as well as your priorities. For the initial time ever electric companies are adding a variety of power strategies, including strategies that make use of eco-friendly power such as wind, solar, as well as water-generated electricity. This makes environmentally conscious consumers able to make use of green energy sources in their house without special equipment or costly improvements to their homes. Call today to obtain quotes on power costs from top power business in New Hampshire.

Don't lose way too much time contrasting NH electricity rates when you ought to be appreciating your day elsewhere. We'll make it simple for you with our electric prices for your New Hampshire house. You no much longer need to count on energy vendors in New Hampshire.
Based upon the chart over, electric rates in the U.S. have actually been progressively raising over the past years. Presuming this trend continues, the finest means to protect on your own from boosting prices is to change into a 12-month or 24-month strategy and lock right into a reduced price.
It might take some time before a vendor starts proactively marketing to those intended consumer groups and energy locations. You need to go to the suppliers' web sites or call them by phone for the most current details.

Kind of Rates-- Variable prices can differ by day or month, is based upon the market cost for the retail power supplier, and also can be very unpredictable. Frequently time suppliers won't bill a registration cost or early discontinuation charge with these strategies. With fixed rates, clients can pay one reduced price that will never ever alter up until the contract expires.
You will certainly not be charged by your neighborhood utility for switching to a power provider. Some energy companies in New Hampshire might call for a deposit before you begin your supply strategy.

When a lot more electrical firms are defending your business, it results in better technology in the sector as well as ultimately advantages you. Every electric company desires your organisation, so they're doing whatever they can to attempt to get it. Today you can shop for lower electrical power rates, more plans and much better customer support. Whatever you're looking for in an electrical company, Meredith utility service providers are working on a daily basis to be better at the solutions that matter most to you.
VARIABLE V. FIXED PRICES-- Variable prices can differ by day or month, is based upon the market cost for the retail electrical energy service provider, and also can be extremely unpredictable. Often time service providers will not charge a registration fee or early discontinuation cost with these strategies. With repaired rates, consumers can pay one reduced price that will never transform until the contract expires.
The act was implied to urge competitors in the energy sector, while guaranteeing consumers obtained the exact same trusted energy shipment services given by electric business in New Hampshire. Business power strategies are specialized for the certain business-- usually since commercial structures take in more energy than their domestic counterparts-- and power companies in New Hampshire want to ensure they provide an ideal plan.
Concord, NH locals have actually had the capacity to switch power rates because 2003. With a lot of reduced rates available, it is essential that Concord citizens as well as organisations store and compare electrical energy prices to make certain you are getting the very best supply price available. Keep in mind, also if you switch to a lower supply price, your power shipment, electricity, as well as generation costs will certainly still originate from your utility. This suggests there will be no adjustment is reliability or interruptions in solution.
The city of Concord has had the ability to switch power companies considering that 2003 when the state of New Hampshire initially opened its doors to independent retail energy suppliers. In enhancement to offering you with inexpensive as well as trusted service, leading energy business are likewise looking for new sustainable energy sources that will simultaneously aid the setting and also decrease your electrical energy prices.
Some states decided to decontrol its power market to enable consumers a choice in their distributor of electrical energy. More lately, given that distributors have recently been able to do their invoicing in conjunction with the utility, there are now several Retail Electric Vendors (RES) offering less expensive and also greener electrical power options for organisations and also residents.
It's mored than ten years given that New Hampshire decontrolled electrical power in the state, which opened the markets for alternative electric vendors to create electrical energy for homeowners and business consumers. The intended effect was to make use of an open market to help drive down the expense of power. Far, both consumers as well as authorities think about deregulation a success in New Hampshire.
Whether you want saving loan, conserving the environment or both, we can aid you discover a power business in New Hampshire that matches your budget as well as your top priorities. For the very first time ever electrical firms are adding a selection of power strategies, including plans that use renewable energy such as wind, solar, and water-generated power. This makes ecologically aware consumers able to utilize environment-friendly energy resources in their residence without unique equipment or expensive improvements to their residences. Call today to get quotes on power costs from leading power firms in New Hampshire.
The city of Concord has had the capacity to switch over energy suppliers considering that 2003 when the state of New Hampshire initially opened its doors to independent retail power providers. The process of deregulation started in 1996 when the state passed a bill that called for the Public Utilities Commission to establish a plan for an affordable energy market and also restructure the current energies by 1998.
There are 4 electric utilities that offer all of New Hampshire.

Openly traded electrical power as well as all-natural gas circulation business serving clients in New Hampshire, Massachusetts and Maine. Natural gas circulation is mainly along Seacoast as well as electrical energy circulation is in Concord and also Seacoast areas. Around 29,000 gas customer in NH.
VARIABLE V. FIXED PRICES-- Variable prices can vary by day or month, is based upon the marketplace price for the retail power service provider, and can be extremely uncertain. However, often time companies won't charge a registration fee or early termination cost with these plans. With repaired rates, customers can pay one low rate that will never change until the contract expires.
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