Record high electric rates coming to Rhode Island this winter

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. Commercial customers, whose usage varies, will experience bill hikes ranging from about 41% to 51%.

Previously:Electric rates expected to be even higher than originally thought for Rhode Islanders

At 17.8 cents per kilowatt hour, the residential rate would be the highest on record going back at least to 2000. It’s more than double the rate currently in effect. The commercial rate will be 18.3 cents per kilowatt hour.

Leave a Comment

Your email address will not be published.