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› article › /10 › rhode-islanders-seei. State regulators approved a record-high electric rate increase for most Rhode Islanders, but adopted measures to temper the bill impact.
 
 

Electric and natural gas rate hikes in RI will skyrocket heating cost.Rhode Island Energy has winter electric rate hikes approved

Following a public comment session on Sept. Residents and activists in Rhode Island have criticized the change, arguing it unfairly harms low-income residents.

According to Ted Kresse, communications manager at RI Energy, the price increases are mostly due to market factors, such as elevated gas prices resulting from the war in Ukraine and higher regional demand.

During the Sept. Despite relief programs, some politicians and activists are still concerned about the coverage of the energy relief programs. Advocates and residents also voiced frustration over the commission’s decision to approve the price hike, arguing that the energy company should have taken the brunt of the costs from rising energy prices. On both counts, the commission determined that the company did its job correctly, he said.

Morales said that he would like to see a more systemic overhaul of the energy distribution payment system. Under such a program, customers would pay a certain percentage of their income for their energy bill, regardless of how much they use. Similar plans have been implemented in other states, such as Pennsylvania, New Hampshire and Maine. Electricity rates will likely decrease again in the summer as the demand for natural gas wanes in the warmer months, according to Kresse.

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Record high electric rates coming to Rhode Island this winter.Record High Electricity Rates Are Coming To Rhode Island – Isaksen Solar

Just this week, National Grid filed a proposal in Massachusetts to raise the electric rate to That is offering some protection to Rhode Islanders this winter, but Gerwatowski warned that expiring contracts will have to be replaced in the coming months and prices will still be inflated.

Amid protests, winter electric rate hike OK’d — but some will pay less than last year. Alex Kuffner The Providence Journal. The company has been warning its half-million electric customers for months about a winter rate increase.

As it tied up its final contracts for supplies over the past four months, the company kept seeing prices climb. The news kept growing grimmer as time went on, with the projection for the residential rate going up from While the commission still has final say over whether the rates go into effect, approval is expected. Energy rates are pass-through costs, determined by larger market forces.

The utility does not mark up those wholesale prices. It profits instead off the delivery of energy. Advocates and residents also voiced frustration over the commission’s decision to approve the price hike, arguing that the energy company should have taken the brunt of the costs from rising energy prices.

On both counts, the commission determined that the company did its job correctly, he said. Morales said that he would like to see a more systemic overhaul of the energy distribution payment system.

Under such a program, customers would pay a certain percentage of their income for their energy bill, regardless of how much they use. Similar plans have been implemented in other states, such as Pennsylvania, New Hampshire and Maine.

Rhode Island Energy is the largest utility in Rhode Island, with about , gas and electric customers. More than half of Rhode Island households heat with natural gas. Prices for all those energy sources are inflated. Energy Information Administration. Neither agency collects retail data in the late spring and summer, but there are signs that prices are still high. At The commercial rate will be While rates always go up from summer to winter, the coming increase is unprecedented and is being caused by worldwide demand for fossil fuels and the market turmoil tied to the war in Ukraine.

Rhode island energy rate increase. Rhode Islanders see 47% increase in their electricity bills

 
 
Jul 21,  · Under rates filed Thursday with state regulators by Rhode Island Energy, the bill for the typical household that uses kilowatt hours of power per month will jump from about . Sep 23,  · The Rhode Island Public Utilities Commission will vote on a proposal to increase energy rates on rate hike proposal would raise prices to nearly $ Sep 02,  · Rhode Island Energy filed a rate hike request with regulators in July that would see most monthly electric bills in the state climb by nearly 50%. At cents per kilowatt .