National Grid customers in Rhode Island will see changes to their gas and electric bills, effective this Saturday.
Average residential customers using 500 kilowatt hours of electricity a month will see their monthly bills increase by 3.5 percent, or $3.67. That’s lower than National Grid’s original ask of $7.
Residential gas customers are expected to save money. Their bills will decrease 0.9 percent annually, or $10.78.
Discounts for lower-income residents will double to 25 percent off their total bills. They're expected to save $15.06 a month on electricity and $267 a year on gas.
The changes were recently approved by Rhode Island’s Public Utilities Commission as a part of a settlement agreement between National Grid and a dozen environmental and clean energy groups.
As a part of the agreement, ratepayers will help fund grid modernization efforts to prepare for more clean energy resources.
There will be small additional increases in gas and electric prices in the second and third years of the agreement.