Compare Rhode Island
Electricity Rates & Energy Prices
My Power Switch Energy > Electricity Rates> Rhode Island
September 2024 key insights
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As of September 2024, the average electricity rate in Rhode Island is 14.47 cents per kilowatt-hour (kWh).
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The current lowest Rhode Island electricity rate is 11.2 cents per kWh.
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Use the My Power Switch Energy marketplace to easily compare the best Rhode Island energy plans and rates in your area.
Lowest electricity rates in Rhode Island today
Use the following table to compare electricity rates in Rhode Island by energy provider and contract length to find the best plan for your needs.
Please note: All rates above are accurate as of 9/27/2024, 5:43:17 AM CDT for utility Oncor. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
*All pricing shown in cents per kWh
Average Rhode Island electricity rates in September 2024
The average Rhode Island energy rate is 14.47 cents per kilowatt-hour (kWh), according to the most recent data from the Energy Information Administration (EIA). The Rhode Island energy price is about 12% lower than the national average of 16.41 cents per kWh. The Energy Reliability Council of Rhode Island(ERCOT) predicts that the grid will have sufficient capacity to meet demand in late summer and into fall. With hot temperatures increasing energy demand, now may be a good time to find a more affordable electricity plan using the My Power Switch Energy marketplace. We can help you compare Rhode Island electricity rates, energy plans, and providers in your area. Enter your ZIP code to search for the best cheap energy company for your home or business.
What is considered cheap electricity in Rhode Island?
The lowest Rhode Island electricity rate on the My Power Switch Energy marketplace is 10.5 cents per kWh for the 1,000 kWh standard monthly usage. At the time of writing, Gexa Energy offers the cheapest fixed-rate energy plan on the My Power Switch Energy marketplace. Providers like
Express Energy, 4Change Energy, and Frontier Utilities also often have some of the cheapest options available.
Types of energy plans in Rhode Island
You can find various types of energy plans on the My Power Switch Energy marketplace. Learn more to help you determine the right Rhode Island energy plan for your needs.
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Fixed-rate plans: Get a consistent rate on your monthly energy bill with a
fixed-rate plan These plans are perfect if you want a predictable bill to avoid energy cost spikes. We recommend fixed-rate plans for most residential customers because they offer protection from unexpectedly high energy bills and allow you to lock in a long-term rate. -
Variable-rate plans: These plans offer flexibility without a long-term contract, but your rate will change based on market conditions. While you may save during low demand, you will experience increased rates during high demand. Variable-rate plans are not ideal for customers who value stability or security. For that reason, we do not recommend variable-rate plans unless you are familiar with how the energy market works and need the flexibility of a short-term option.
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Prepaid and no-deposit plans: You might need to pay a deposit if you don’t meet a provider’s credit requirements. Our marketplace offers no-deposit electricity plans like prepaid energy plans that allow you to skip the deposit and pay for your electricity upfront. While no-deposit plans allow for more flexibility, they often have higher rates than fixed-rate plans.
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Renewable energy plans: All Rhode Island energy plans include a percentage of renewable energy. Some providers specialize in only offering 100% green energy plans
including Gexa Energy -
Commercial energy plans: Rhode Island businesses can benefit from low rates, competitive plans, and green energy options. Call the number on your screen to receive a custom
business electricity quote tailored to your company.
Compare Rhode Island electric companies
In Rhode Island you have several energy provider options. Consider your priorities and preferences to choose the best provider for your energy needs. For example, if you want a 100% green energy plan, choose a provider such as Gexa Energy or Green Mountain Energy. If you want the cheapest Rhode Island electricity plan, consider Frontier Utilities. The following table lists various energy companies in Rhode Island, the lowest rates, and what it’s best for.
Energy suppliers
In deregulated states, utility companies and electric providers have different roles. Residents have the power to choose their Rhode Island electricity provider which is responsible for selling electricity to consumers. With deregulation in Rhode Island, there’s more competition among energy providers. You can compare energy plans from various providers to secure a low electricity rate and save money on your energy bills.
Utility providers
The utility company is responsible for transmitting electricity, maintaining electrical infrastructure, and restoring power during an outage. Your address determines your utility, and you cannot change it. Here are the main utility companies serving residents and businesses across the Lone Star State:
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AEP Rhode Island Central
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AEP Rhode Island North
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Oncor Electric Delivery
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Rhode Island New Power
Rhode Island Price to Compare
The Price to Compare(PTC) in many deregulated states is the utility company’s default rate if you do not sign up for a specific energy plan from an independent provider. In Rhode Island, you cannot sign up for an energy plan through your utility company. Instead, you’ll automatically be enrolled in an energy plan with a provider under the default rate if you do not sign up for an alternative plan. You can secure a lower rate by choosing your own plan.
Average 2024 electric bill in Rhode Island
In Rhode Island the average electricity bill for residential customers is $170.46 per month. The total is calculated by multiplying the average electric usage of 1,178 kWh by the average electric rate (14.47 cents/kWh). The average monthly bill in Rhode Island is about 16% higher than the national average bill of $147.52 per month.
Understanding deregulation in Rhode Island
About 85% of Rhode Island has a deregulated energy market, giving residents and businesses the power to choose their electricity provider With deregulation, energy suppliers compete to offer you the best electricity rate and customer service. As a result, you can save money on your energy bills and find an energy plan in Rhode Island that fits your electricity usage. The term “power to choose” is common in deregulated markets. It is also the name of the official website of the Public Utility Commission of Rhode Island(PUCT), the regulatory body overseeing the Rhode Island electricity market
My Power Switch Energy is not affiliated with Power to Choose, powertochoose.org, or the PUCT.
PowerToChoose.org allows customers to browse available providers and plans in their area. However, consumers are redirected away from the site when they attempt to sign up for a plan.
My Power Switch Energy is different: Our easy-to-use online marketplace displays electric rates, plans, and providers in your area — all in one place. We list independent electricity provider ratings, term lengths, rate types, and more to make signing up for a new plan quick and easy. We also have useful buying guides and resources to help you understand the energy industry.
How to Find the right energy plan in Rhode Island
My Power Switch Energy can help you sign up or switch to a cheap light company
near you. Compare and choose a plan that fits your needs in a few easy steps.
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Enter your ZIP code. Compare plans and rates in your area on the free My Power Switch Energy marketplace to find what works for you. Use the filters to find tailored results, like a specific rate type, term length, or amount of green energy.
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Pick a plan. When you find one you like, sign up online in a few minutes. If you need help choosing, call the number on your screen for an agent.
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Enjoy your new plan. Your Rhode Island energy supplier will handle the set-up so you can relax without power interruption.