Rhode Island Energy cuts summer last-resort power supply rate 16% to 11.09 cents/kWh

Reuters04-01
Rhode Island Energy cuts summer last-resort power supply rate 16% to 11.09 cents/kWh
  • PPL unit Rhode Island Energy cut Last Resort Service summer electric supply price to 11.09 cents/kWh from 14.77 cents/kWh, effective April 1 through Sept. 30.
  • Change implies roughly $4 monthly bill decline for typical residential customer using 500 kWh.
  • Rhode Island Public Utilities Commission cleared proposed summer supply-price reduction.


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