Rhode Island Energy says customers will pay less for electricity this summer
Mar 11, 2025
PROVIDENCE, R.I. (WPRI) — The Rhode Island Public Utilities Commission held a public hearing Monday night to discuss a proposal to decrease supply prices for summer rates.
That proposal would decrease the Rhode Island Energy supply price by about $30 per month for the average customer.
Many
Rhode Islanders have complained to 12 News about higher costs for their gas and electric bills.
During Monday night's meeting, dozens of customers filled the room to voice their concerns and listen to the company's proposal.
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Rhode Island Energy says the average customer's bill will be nearly 17% lower than what they paid during the winter, but it would be about 25 cents higher than last summer's rate.
"We understand the burden of high bills, and we know you feel it even more when temperatures drop and supply prices continue to be high as they have this winter," said Brian Schuster with Rhode Island Energy.
"The largest component of the adjustments discussed this evening pertains to supply prices, which are completely driven by the market," he continued. "We procure the best mix and price and supply resources we can, consistent with the obligations we have under the Act on Climate. And we pass those supply resources on to our customers, dollar for dollar. There's no markup. There is no profit."
If the proposal is approved, it will go into effect next month.
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