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bluehat9 t1_jane9k3 wrote

Thank god. I was going to be pretty angry if they tried to keep those inflated rates now that natural gas has come back down from the peak

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GotenRocko t1_jantwef wrote

its still high compared to previous summers. Last summer it was 7.810/kwh, so this proposed rate of 10.675/kwh is a 36% increase over last year. Higher than the winter 2021 rate.

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Stoicdadman t1_jany561 wrote

That's the new game with utilities. Over Inflate and settle back significantly higher than if you tried to bump the rate up, then it won't "feel" as bad for people. It's win/win for them.

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fishythepete t1_jaofle5 wrote

How does that game work when the utility is not allowed to earn a profit on generation? Asking for a friend.

1

cowperthwaite t1_jan597r wrote

Goes well this Providence moving forward with an electric supply aggregation program that opts people in and has a lower base rate than RI Energy.

Notice: https://electricity.providenceri.gov/wp-content/uploads/2023/02/Providence-Residential-English-4.pdf

Landing page (not very good): https://electricity.providenceri.gov

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RandomChurn t1_janbz63 wrote

>Goes well this Providence moving forward with an electric supply aggregation program that opts people in and has a lower base rate than RI Energy.

Sorry: what?

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cowperthwaite t1_jancfo2 wrote

For anyone in Providence, they're moving to an aggregate electric supply situation. The rates for April to September, under that program, are:

if you stick with RI Energy, the rate is is 9.71 ¢/kWh

"Providence Basic:" 9.151 ¢/kWh

"Providence Standard (automatic)": 9.361 ¢/kWh

"Providence 50": 10.222 ¢/kWh

"Providence 100": 12.321 ¢/kWh

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GotenRocko t1_janthha wrote

>if you stick with RI Energy, the rate is is 9.71 ¢/kWh

10.67cents

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hcwhitewolf t1_jan3zm0 wrote

For anyone that was curious, the first column is the residential rate, so 10.675 cents per kWh

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xpdtion76 t1_janqfye wrote

Is that without the distribution rate?

3

GotenRocko t1_jantz58 wrote

correct, that is just supply. 36% increase over last year's rate.

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dupattaluella t1_jaol76e wrote

They usually lower them in the spring/summer. They often raise them in the fall/winter.

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administrativenothin t1_jaowzax wrote

Thank goodness. I saw new electricity rates and thought they were going up again.

1

climb-high t1_japfbbt wrote

I thought we were paying $0.23 /kWh?

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Yak54RC OP t1_japghnr wrote

We are paying .29

17c supply And 10 delivery plus other fees. The delivery stays the same but the supply went down to 10.67 instead of 17.78

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climb-high t1_japhmzn wrote

Thanks! Appreciate you.

$0.07 savings is still so great. Unreal that it’ll be .30 sooner than later, though.

2