National Grid proposes lower rates

RHODE ISLAND ratepayers could pay less for electricity this summer, as National Grid has proposed lowering rates beginning April 1.
RHODE ISLAND ratepayers could pay less for electricity this summer, as National Grid has proposed lowering rates beginning April 1.

WARWICK – Rhode Island ratepayers could pay less for electricity this summer, as the state’s largest utility has proposed lowering rates beginning April 1.

National Grid PLC last week proposed reducing its electricity rate for residential customers to 6.77 cents per kilowatt hour, which is 1.41 cents less than the current rate. The utility estimates the impact on a typical residential customer will be a decrease of $7.37 per month, or 7.8 percent.

National Grid sets rates for six month periods. The new rates would run from April through September.

The utility has also proposed to reduce the small-commercial rate from 8.4 cents per kilowatt hour to 7.07 cents per kilowatt hour.

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The proposed rates must be approved by the R.I. Public Utilities Commission before April.

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