energy

Portion of National Grid charges to increase

COURTESY NATIONAL GRID
TEC-RI, a local nonprofit collaborative of energy users focused on G-rate, or industrial, customers, is warning its members about upcoming increases in electric delivery service rates from National Grid.
Posted 3/7/12

PAWTUCKET – TEC-RI, a local nonprofit collaborative of energy users focused on G-rate, or industrial, customers, is warning its members about upcoming increases in electric delivery service rates from National Grid.

Bill Ferguson, executive director of TEC-RI, describes these industrial customers as typically being businesses, public buildings, hospitals or other similar customers.

Ferguson says a proposal filed with the state Public Utilities Commission by National Grid would increase the delivery portion of G-rate customers bills by 3.1 percent compared with current rates and by 12.3 percent over delivery rates effective one year ago.

David Graves, a spokesman for National Grid, said delivery rates, which are based on usage, will increase for all National Grid customers on April 1 to cover increases in the cost of renewable energy certificates, transmission charges and other charges on the delivery side of the bill.

However, he added, “for the industrial, or G-class, customers, who buy their electricity from us there will be a significant decrease in the cost of electricity, creating a net decrease in monthly bills for those customers.

He went on to say that “most of our customers in the G classes buy their electricity on the competitive market and use us for delivery only. Whether they will benefit from lower electricity costs would depend on their purchase agreements with their suppliers.”

1 comment on this story | Add your comment
Please log in or register to add your comment
Jim_Donahue

Gas futures are at a 15 year low. Where is the massive rate decrease to reflect that?

Thursday, March 8, 2012 | Report this
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News