Utility Rates are Skyrocketing!
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PROVIDENCE — Most Rhode Island homes and businesses will see a nearly 50% increase in their monthly electric bills starting Oct. 1, with energy rates in the state climbing higher than ever before, because of surging prices for fossil fuels and global market uncertainty.
Under rates filed Thursday with state regulators by Rhode Island Energy, the bill for the typical household that uses 500 kilowatt hours of power per month will jump from about $111 to more than $163, a 47% difference.
BOSTON — A rate filing on Wednesday from National Grid, showing wintertime power bills rising more than 60 percent from a year ago, is just the latest example of how Russia’s invasion of Ukraine and related energy supply issues are hitting close to home as the winter heating season approaches. Both National Grid and Eversource, the state’s two dominant utilities, have filed for increases in gas rates within the past week, and Eversource is expected to raise its electric rates as well.
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Utility Rate are Skyrocketing!
But Not For Our Customers
Go Green Today
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