Submitted by kingofallnorway t3_xwi186 in RhodeIsland
SweatyCockroach8212 t1_ir7h553 wrote
Yes, those who don't qualify for assistance will pay the higher rates. We don't know yet about rates for next year. It's spiked so much in part due to Russia being a major provider of the world's natural gas supply and that's gone from the market, so everyone else has fewer sources to buy from, which increases rates. And RI electricity is generated from about 80% natural gas sources. So if ol' Vlad chills out over there and the market opens up again, we could see rates go down. If crazier things happen, they could go up further.
manicmonday122 t1_ir7rhsf wrote
In 2021, about 99% of U.S. total annual natural gas imports were from Canada and nearly all by pipelines.May 12, 2022
nathanaz t1_ir7sji6 wrote
The supply is still gone from the market, which inflates prices.
SweatyCockroach8212 t1_ir7xfo6 wrote
^^ This.
Megs0226 t1_iraccds wrote
Especially in the winter when the priority is heating homes with natural gas vs generating electricity.
plaverty9 t1_ir7ssn9 wrote
Ok, but that's not relevant. OP is asking about RI not US. In RI, it's 88% natural gas. Also doesn't matter how it gets here. https://www.eia.gov/state/print.php?sid=RI
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