See Newport's Winter 2024-25 Electric Rates Compared To RI Energy
NEWPORT, RI — The Newport Community Electricity program announced its new winter electricity supply prices, going into effect with the first November meter read.
City officials said the new prices are fixed for six months and will be adjusted to summer rates in May 2024. Current participants do not need to take any action to remain in the program and receive the new pricing for the product in which they are currently enrolled.
Most participants in Newport’s program use “Newport Standard” which provides more renewable energy than RI Energy’s Last Resort Service and will still provide cost savings this winter, city officials said. The additional renewable energy is sourced entirely from local Rhode Island projects, including the Narragansett Bay Commission wind turbines at Fields Point in Providence, solar in West Greenwich and additional wind turbines in Coventry.
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The table below shows the prices for residential customers. Prices for commercial and industrial customers can be found on the program website:
The city is part of a group of seven cities and towns in Rhode Island which launched the state’s first municipal aggregation programs: Barrington, Central Falls, Narragansett, Newport, Portsmouth, Providence and South Kingstown. Each community launched their own distinct program in May 2023, but combined their buying power to procure a common electricity supplier, Next Era Energy Services.
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City officials said the majority of the Newport’s residential and commercial electricity customers participate in the program, and collectively, participants saved more than $542,000 from May 2023 through August 2024, while supporting renewable energy facilities here in Rhode Island.
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