Rhode Island Energy (Narragansett Electirc Co)

About Rhode Island Energy (Narragansett Electirc Co)

Rhode Island Energy (Narragansett Electirc Co) is an investor owned entity providing electricity in 8 different cities in Rhode Island including Providence, Warwick, Cranston, Pawtucket, and East Providence. A total of 372,564 customers (0.26% industrial accounts, 9.60% commercial accounts and 90.14% residential accounts) are provided electricity by the provider. Patrons of Rhode Island Energy (Narragansett Electirc Co) are billed an average residential electricity rate of 28.33 cents per kilowatt hour, which is 1.75% higher than Rhode Island's average price of 27.84 cents and 74.67% higher than the nationwide average of 16.22 cents. They had total sales and disposition of 3,638,801 megawatt hours in 2023, of which 93.38% were via sales to end users. Wholesale power purchases made up 95.65% of the total electricity sourced . Exactly 3,480,424 megawatt hours were procured via the wholesale electricity market. In 2023, the supplier made 59.65% of their revenue from retail electricity sales.

The nationwide average monthly residential power bill is $143.38, while the Rhode Island Energy (Narragansett Electirc Co) average is 21.22% higher at $173.81 per month. Rhode Island Energy (Narragansett Electirc Co) ranks 2383rd in the nation for average monthly bill amount. Consumers of the supplier experience 0.67 power outages on average each year, with outages lasting around 52.23 minutes. The national averages for these data points are 1.44 outages at 123.49 minutes each. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates to then be resold to their end users.