National Grid Rhode Island To Raise Electricity Rates

Gold Round Coins

Rhode Island electricity customers may be seeing an increase in their monthly bill if National Grid’s rate increase is approved. National Grid is proposing to raise electricity rates by 53 percent, bringing the rate to 9.5 cents per kilowatt hour. This increase leaves many business owners wondering about future energy costs and looking for ways to ensure they have the proper budgetary plan in place.

Being able to properly budget for energy costs will allow your business to not be subject to the ever-changing market at hand. This is where Better Cost Control can help. Working with Better Cost Control allows businesses the ability to sign a fixed price short to long term contract that allows for easier planning of future energy costs. We work with many suppliers to get our commercial clients the best price. We do the work to understand the prices being offered and not worry about unexpected price increases.

Reach out to us today to see what rates your business qualifies for with a free, no obligation quote.

Source: http://www.thewesterlysun.com/news/state/10648373-154/national-grid-requesting-increase-of-53-in-standard-electric-rate.html 

National Grid seeks 5.7% rate increase for Rhode Island

PROVIDENCE, R.I. (AP) — National Grid officials say a 5.7 percent increase to Rhode Island’s electricity rates is needed because of the rising costs of transmission and meeting state renewable energy mandates.

The power company has submitted a rate increase proposal to the state Public Utilities Commission, which is set to review the plans March 27 and 28. National Grid wants the new rates to take effect on April 1.

National Grid spokesman David Graves says costs are increasing for renewable energy certificates, which the company must buy under state law to show that renewable resources were used to generate a certain amount of electricity.