Rhode Island Energy bills rise $16.42 a month on Oct. 1, then a $20.45 winter credit arrives

Rhode Island Energy customers face two separate bill changes this winter. The average residential bill rises by a net $16.42 a month on Oct. 1, and a $20.45 monthly credit follows on the January, February and March 2027 bills. The credit is a later, distinct change and is not built into the October figure.

The October change is a net figure

Rhode Island Current, in a Sept. 24 report by Nancy Lavin, describes the $16.42 as a net monthly increase for the average residential customer starting Oct. 1. It reflects higher seasonal electricity pricing, partly offset by refunds the company owes under conditions attached to the 2022 sale of the utility to PPL. Rhode Island Energy serves about 780,000 customers.

The word “net” matters. The gross increase in seasonal supply pricing is larger than $16.42, and the refunds pull the bill back down to that figure. About 30% of customers already buy their supply through community aggregation plans in seven municipalities, according to the same report, so their supply pricing does not follow the default rate in the same way.

The refund source has its own background. A Rhode Island Current report from Aug. 31 describes a hold-harmless framework, worth $175 million in discounts, that the 2022 PPL sale required so customers would not cover the company’s tax costs.

A credit that arrives three months later

The second change comes from a different source. The Rhode Island governor’s office says the Public Utilities Commission approved $28 million in winter electric bill relief, drawn from Regional Greenhouse Gas Initiative auction reserves under an emergency order declared July 23, 2026. The credit is $20.45 a month in January, February and March 2027, which adds to $61.35 per account over the three months (3 times $20.45)…

Story continues

TRENDING NOW

LATEST LOCAL NEWS