View Providence’s winter 2024-25 electric rates compared to RI Energy

SOUTH KINGSTOWN, Rhode Island – The Providence Community Electricity program announced its new winter electricity rates, which will take effect with the first meter reading in November.

City officials said the new rates are set for six months and will be adjusted to summer rates in May 2024. Current participants do not need to take any action to remain in the program and receive the new pricing for the product they are currently enrolled in.

“Since taking office, I have prioritized building partnerships and supporting initiatives to create a more sustainable, resilient city,” said Mayor Brett Smiley. “By integrating renewable energy into the standard electricity option, the Providence Community Electricity Program remains the easiest way for our community to reduce its carbon footprint, save money on its electric bills and join our collective efforts to build a healthier future for generations to come. “”

Providence Community Electric’s standard option provides 5 percent more renewable energy than Rhode Island Energy’s Last Resort service and saves participants more than $1.4 million from May 2023 to August 2024, city officials said. The additional renewable energy comes entirely from local projects in Rhode Island, including the Narragansett Bay Commission’s wind turbines at Fields Point in Providence, solar power in West Greenwich and additional wind turbines in Coventry.

The following table shows the prices for private customers. Prices for commercial and industrial customers can be found on the program website:

The city is part of a group of seven Rhode Island cities and towns that have launched the state’s first municipal merger programs: Barrington, Central Falls, Narragansett, Newport, Portsmouth, Providence and South Kingstown. Each community launched its own program in May 2023 but pooled its purchasing power to procure a common electricity supplier, Next Era Energy Services.

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