RHODE iSLAND

Inertia is a third-party energy broker serving Rhode Island for commercial electricity, natural gas, and solar services. 

 

Rhode Island has a limited history of energy deregulation, particularly in the areas of electricity and natural gas. The state has taken steps towards deregulation in the past, but progress has been slow and limited compared to other states in the region.

 

Electricity Deregulation in Rhode Island:

Rhode Island passed the Electric Restructuring Act in 1996, which aimed to promote competition in the electricity industry by allowing customers to choose their own electricity supplier. However, implementation of the law was slow, with limited options for customers and few suppliers entering the market.

In addition, the state has faced challenges with the deregulation of electricity rates, as some customers experienced significant rate increases after the initial period of lower rates. This led to concerns about the reliability of the competitive market and the potential for price manipulation by suppliers.

As a result, the state has since introduced regulations and oversight to ensure fair competition and protect consumers. Today, customers in Rhode Island can still choose their electricity supplier, but the market remains heavily regulated and overseen by state agencies.

 

Natural Gas Deregulation in Rhode Island:

Rhode Island has not yet introduced natural gas deregulation, and customers are still required to purchase natural gas from their local utility company at regulated rates. There have been discussions about introducing natural gas deregulation in the state, but progress has been slow and limited compared to neighboring states such as Massachusetts and Connecticut.

Overall, Rhode Island's history with energy deregulation has been limited compared to other states in the region, with slow progress and limited options for customers. While customers in the state can still choose their electricity supplier, the market remains heavily regulated and overseen by state agencies. As the state continues to explore options for deregulation and promote innovation in the energy industry, customers may see further changes and opportunities for choice in the future.

 

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