relative to electric rates approved by the public utilities commission for residential condominium property.

HB 537 ensures that condominium associations without commercial use pay the same residential electric rates for septic systems and well pumps as individual residential units, regardless of whether the homeowners association (HOA) is billed directly by the utility. It requires utilities to split shared meter costs equally among residential units and bill all such units at residential rates - even if the HOA is the customer or shared meters are used. The bill applies to public utilities, rural electric cooperatives, municipal aggregations, and municipal electric utilities. It specifically targets non-commercial condominiums under RSA 356-B, preventing higher commercial rates for these essential residential services.