The following press release from Rhode Island Energy proposes, from the horse’s mouth, your electricity and natural gas prices are going up in the next six months! It’s unusual for a utility company to make an announcement like that, which sounds like a warning.
Below the press release you can learn more about the option mentioned in the release, “choosing a supplier that’s right for you.” For businesses of any size, savings can be substantial, and I can lead you through the simple process. I have access to a wide matrix of different suppliers who are licensed to broker and contract prices in states throughout the country, and there’s no obligation or cost to get a list of quotes.
Despite summer rates being the lowest in years, escalating costs of natural gas will have major impact on electricity supply prices starting October 1
PROVIDENCE, RI (July 21, 2022) – While most Rhode Islanders use less electricity in the winter months, they likely won’t see a decrease in their monthly electric bills this winter as they may have noticed in the past. That’s because there are several ongoing market conditions that are impacting most sectors of the economy, including the rising cost of natural gas and other global economic events, which are driving up the price of electricity supply.
Rhode Island Energy delivers electricity to customers, but it doesn’t own the power plants where that electricity is generated. Customers can shop around and choose the electricity supplier that is right for them. If a customer chooses not to shop around for electricity supply, the company secures the energy supply customers need to power their homes and businesses and passes it on to customers at cost without any profit. That rate is called the Last Resort Service (LRS) rate.
Today, Rhode Island Energy submitted its filing for the winter rate season to the Rhode Island Public Utilities Commission Continue reading “Rhode Island Energy Encourages Customers to Prepare Now for Significantly Higher Winter Electricity Supply Prices”
