PPL's Unit Rhode Island Energy Cuts Summer Power Supply Rates by 16% [Yahoo! Finance]
BLUE SPHERE CORP (BLSP)
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Source: Yahoo! Finance
The lower rates come after a difficult winter for many residents, when unusually cold temperatures pushed energy usage and household bills higher across the state. Under the new pricing structure, the company's Last Resort Service (“LRS”) electricity rate will decline nearly 16%. The supply price will drop from 14.77 cents per kilowatt-hour during the winter to 11.09 cents for the summer period. These revised rates will remain in effect from April 1 through Sept. 30, 2026, reflecting typical seasonal adjustments in energy markets. With the updated rates and other adjustments taking effect, a typical residential customer consuming around 500 kilowatt-hours of electricity per month is expected to see their monthly bill reduction of $7. The reduction follows one of Rhode Island's harshest winters in decades, highlighted by the Historic Blizzard of 2026, which led to increased heating demand and higher electricity consumption for many households. This reduction in utility bills will
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