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National Grid seeks 5.7-percent electricity rate hike in Rhode Island 

Credit:  By Paul Grimaldi, Providence Journal, providencejournal.com 14 March 2012 ~~

PROVIDENCE, R.I. – National Grid wants a 5.7-percent rate hike in April to cover rising transmission costs and the increasing expense of renewable energy certificates – documentation that a certain amount of electricity was generated by renewable resources.

If the R.I. Public Utilities Commission approves the rate hike, the average household customer (one who uses 500 kilowatt hours of electricity per month) would see the monthly bill rise $4.23. The typical bill will go from $73.96 to $78.19.

“The majority of these are costs that are out of our control,” said David Graves, a National Grid spokesman.

Many states have laws that require certain amounts of renewable energy be bought by utility companies. The PUC will review the submissions March 27 and March 28.

Source:  By Paul Grimaldi, Providence Journal, providencejournal.com 14 March 2012

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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