Rhode Island Utility Regulators Approve Natural Gas Rate Increases
October 29, 2020
The utility regulators in Rhode Island have approved National Grid to increase natural gas rates in the state following the COVID-19 economic impacts of $30.7M. However, only half of the impact ($15.35M) will be transferred to ratepayers at first, and the rest will be deferred. On average instead of an average payment increase of $97 over the next 12 months for gas, average homeowners will pay $48 more, while low-income households around $35.
There is no information yet on how and when customers will pay the remaining $15.35M, but National Grid has to release this plan by May 1st 2021.
