EIA Publishes Study on High Renewables Growth Impact in WECC Markets using UPLAN

LCG, July 19, 2024 – A working paper published by the U.S. Energy Information Administration (EIA) utilized the UPLAN model to study the impact of high renewables growth in the Western Electric Coordinating Council (WECC) markets.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

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Industry News

Narragansett Electric Asks to Cut Rates

LCG, Aug. 29, 2001--Narragansett Electric Co. said yesterday it has filed a request with the Rhode Island Public Utilities Commission to allow it to reduce electric rates to reflect the current lower cost of power it purchases on behalf of its customers taking standard offer service.

More than 99 percent of Narragansett's customers take standard offer service.

The lower costs are the result of a decline in the price of oil and natural gas, Narragansett said. The company said it does not profit from increases or decreases in power supply costs, which are directly passed through to the customer, but regulators need to approve the changes.

Narragansett said the current request would, if approved, knock more than a penny off the price of a kilowatt-hour of electricity. The typical householder using 500 kilowatt-hours of electricity per month would see a reduction of $5.38 in his electric bill.

Michael Ryan, an executive vice president of the utility, said the reduction would produce rates lower than any since 1997.

"We are pleased to be submitting this rate reduction and hope that fuel prices will continue at theircurrent levels so that we can maintain stable rates for our customers," Ryan said. "It was only a yearago that we experienced extraordinary increases in the cost of fuel. Since then, we have seen asignificant decrease in those prices."

Narragansett Electric serves 460,000 customers in 38 Rhode Island communities and is adistribution subsidiary of National Grid.

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