Electric Supply: Deregulated
Gas Supply: Partially Deregulated
Electric Utilities: Narragansett Electric (NGRID), Pascoag Utility District, Block Island Power
Gas Utilities: National Grid (NGRID)
PUC Website: http://www.ripuc.org/
Rhode Island allows customers of National Grid, Pascoag Utility District, and Block Island Power Company to choose their electric supply provider. The utilities sold their power plants to open the market to competition and now only own the transmission and distribution wires. Customers who do not choose an alternate energy provider receive Standard Offer Service (SOS) from the utility. SOS is bought by the utility on long-term contracts, which include a fixed base price and adjustable fuel price. The SOS price is adjusted annually to take into account varying fuel costs. All customers receive the same SOS price, regardless of size or class.
Business customers in Rhode Island using more than 5,000 therms (tm) per year have the right to choose an alternative natural gas provider. Customers will still have gas delivered by the local utility. Customers who do not chose an alternate gas supplier receive default sales service from their utility and pay a “cost of gas” charge which can vary as often as monthly.