With energy prices expected to climb in the coming months, here are some ways to plan ahead.
Energy costs can be confusing. We’re committed to keeping you informed of changes that may impact your bill and providing you with solutions to help manage your usage and costs.
The Rhode Island Public Utilities Commission (RIPUC) recently made two important decisions: one impacting supply rates for electric customers and the other impacting our delivery service rates for both gas and electric customers.
Supply Rates: On August 27, 2018, the Rhode Island Public Utilities Commission approved new Standard Offer Service rates. These rates represent the cost of electricity supply, which we purchase on behalf of our customers and pass through without profit. This rate would appear on your bill as Supply Services, which represents approximately half of your overall National Grid electric bill. The new rates are effective October 1, 2018 through March 31, 2019.
New England is heading into its second consecutive winter season of unusually high electricity prices. Much of this increase is due to the announcement of several older generation plants going offline. While new resources are stepping up to meet future demand, most utilities and their customers across the region are still feeling the impact.
Residential electric supply rates for the upcoming winter season will be 2.504 ¢/kWh higher than the current residential rate of 8.486 ¢/kWh in Rhode Island. The approved residential Standard Offer Service rate is 10.99 ¢/kWh.
Delivery Service Rates: On August 24, 2018, the RIPUC approved our amended settlement agreement with the Division of Public Utilities and Carriers and all intervening parties in our general rate case to update the electricity and gas distribution rates and other delivery service rates in Rhode Island. Distribution rates account for roughly a quarter of a customer’s bill and fund our core operating costs for delivering your electricity or natural gas. For the typical gas residential heating customer, the adjustments to rates resulting from the RIPUC’s approval will mean a decrease of 0.9% on their annual bill. For the typical electric residential customer on Standard Offer Service, the adjustments will mean an increase of 3.5% on their monthly bill. These new rates will become effective September 1, 2018.
How can you plan ahead?
We offer programs and services that can help.
Spread your annual energy costs across 12 balanced, monthly charges.
We have programs to help keep your services up and running during difficult times.
Energy Saving Programs
Find energy-saving tips and rebates to help lower your energy usage and control your costs.
Energy Saving Tips
Useful tips to save on heating, lighting and more.
And don't forget, while we think our market buying power gets you the best deal on electricity supply costs, you may have a choice in selecting your energy supplier. There are many available options for you to explore. Regardless of your choice, National Grid will continue to deliver electricity to your home, read your meter, care for the poles and wires, provide customer service, and restore power if there is a service interruption.