Price decrease announced for Central Falls Community Electricity program

CENTRAL FALLS, RI (March 27, 2024) – The Central Falls Community Electricity program is announcing new Summer electricity supply prices to go into effect beginning with the May 2024 meter read. Prices will be substantially decreasing, from 17.6 this past winter down to 10.2 cents/kWh for the City’s default electricity option. The new prices will be fixed for six months through customers’ November 2024 meter read. Current participants do not need to take any action to remain in the program and receive the new pricing for the product in which they are currently enrolled.

May 2024 will also mark the one year anniversary of the Central Falls Community Electricity program. The City is pleased to have delivered on the program’s goals of offering residents and businesses cleaner electricity, at affordable prices.

Most participants in Central Falls’ program use “Central Falls Standard” which provides more renewable energy than RI Energy’s Last Resort Service, and will still provide cost savings this summer. The additional renewable energy is sourced entirely from local Rhode Island projects, including the Narragansett Bay Commission wind turbines at Fields Point in Providence, solar in West Greenwich and additional wind turbines in Coventry.

The table above shows the prices for Residential customers compared to RI Energy. Prices for Commercial and Industrial customers can be found on the Program website: CentralFallsCommuntiyElectricity.com.

Central Falls is part of a group of seven municipalities who shared in launching the first municipal aggregation programs in Rhode Island. Barrington, Central Falls, Narragansett, Newport, Portsmouth, Providence, and South Kingstown are all working with Good Energy as their consultant and share a common electricity supplier and pricing.

The voluntary renewable energy content in the program’s standard and optional products comes from projects that qualify as RI New and makes a sizable impact on the City’s carbon footprint. In the first ten months of the program, participants purchased more than 1,500 megawatt-hours of voluntary renewable energy, equivalent to displacing over 1,137,000 pounds of carbon dioxide emissions.

The vast majority of the City’s residential and commercial electricity users enrolled in the program, and collectively participants saved more than $356,000 from May 2023 through February 2024, while supporting new, renewable energy facilities here in Rhode Island.

This is a City-operated program open to all Central Falls residents and businesses. To join, complete the enrollment form on the program website: CentralFallsCommunityElectricity.com or call the program’s supplier, NextEra Energy Services Rhode Island, at (877) 200-8620. Participants may leave the program at any time without fees or penalties. Visit the program website to review all program options available and to submit any questions via the program contact form: CentralFallsCommunityElectricity.com.