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When will RI see promised Time-Varying Rates on electric bills? | Opinion

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When will RI see promised Time-Varying Rates on electric bills? | Opinion


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  • Rhode Island Energy is installing advanced smart meters for all electricity customers.
  • The new meters allow for Time-Varying Rates, which can lower costs for customers and the grid.
  • While the utility profits from the $188 million meter investment, the system for customer benefits is delayed.
  • The utility is currently seeking to increase its profit margin in a new rate case before state regulators.

Rhode Island Energy is currently installing advanced smart meters for all electricity customers. Clean energy and environmental advocates have championed advanced metering for decades because the systems enable incentives for conservation, solar integration and energy storage. The primary vehicle for realizing these benefits is Time-Varying Rates (TVR).

Unlike legacy meters, advanced meters track when electricity is used, not just how much is used. TVR encourages customers to shift heavy usage, like running a clothes dryer or charging an electric vehicle, to off-peak overnight hours when wholesale power is cheap and cleaner. This flattens the grid’s peak demand, brings down wholesale energy costs for everyone and reduces our reliance on polluting “peaker” power plants.

The Rhode Island Public Utility Commission (PUC) is charged with balancing the interests of utility customers with value to utility shareholders. It sets the formulas by which the utility is compensated.

The primary means the utility is compensated is based on a Return on Equity invested (ROE) that is predetermined by the PUC and currently set at 9.275%.  Rhode Island Energy’s capital investments are funded through roughly 51% equity (shareholder capital) and 49% debt. For every $100 million the utility spends on infrastructure, about $51 million is financed via equity, allowing shareholders to collect an annual pre-tax profit of 9.275% on that portion, or roughly $4.73 million. The more the utility spends, the more their shareholders earn.

At a cost of over $188 million for the new meters, Rhode Island Energy shareholders will collect nearly $9 million a year in profit for 20 years from the equity portion of that investment alone, while also saving money on labor by eliminating the need for truck based drive-by meter readers. 

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But advanced metering was supposed to benefit ratepayers as well as the utility. Though the meter expenditures were approved by the PUC in 2023 and the meters installations are expected to be completed by the end of this year, it is expected to take until at least 18 months after the meter rollout is completed to implement the billing system infrastructure needed to enable Time-Varying Rates.

The upgrades that deliver more profit to the utility bottom line was fast tracked, while the investment needed to implement the primary benefits to ratepayers is being slow walked. Why weren’t the software upgrades and hardware deployment run in parallel?

Right now, the PUC is weighing a huge general rate case (Docket No. 25-45-GE). Rhode Island Energy has proposed aggressively hiking its profit margin, seeking to raise its ROE from 9.275% to 10.75% and expand its equity share from 51% to 57%.

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In their 2022 advanced metering filing, Rhode Island Energy suggested the new infrastructure would yield $729 million in benefits over 20 years. So far, the utility is seeing plenty of that benefit on its bottom line, while ratepayers have mostly seen higher costs. The PUC should reject the utility’s requested rate increases, preserve the current rate structure, and insist that Time-Varying Rates be fully operational before any further rate changes are considered.

Fred Unger is a retired energy project developer and clean energy advocate based in Providence.



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Rhode Island

Target 12: State of RI’s fire hoses

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Target 12: State of RI’s fire hoses


With wildfires becoming more frequent in Rhode Island, the state’s stockpile of specialty hoses to battle these blazes is being stretched thin.

Target 12 investigator Tim White got a firsthand look at the condition of the critical firefighting tools in Rhode Island and learned what’s being done to repair or replace them.

Watch the Target 12 exclusive Tuesday at 5 p.m. on WPRI 12.

Download the WPRI 12 and Pinpoint Weather 12 apps to get breaking news and weather alerts.

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Watch 12 News Now on WPRI.com or with the free WPRI 12+ TV app.

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32 photos capturing Rhode Island Pride’s nighttime magic

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32 photos capturing Rhode Island Pride’s nighttime magic


Rhode Island Pride celebrated its 50th anniversary on June 20 as thousands gathered in downtown Providence for a day of performances, community, and celebration.

The event featured PrideFest with hundreds of community organizations, businesses, vendors, and performers, including headliners Adore Delano, Juicy Love Dion, and Paris Bennett, followed by Rhode Island Pride’s signature Illuminated Night Parade—one of the few Pride parades in the country to take place after dark.


Held under the theme “We Are the People,” this year’s event honored the activists who organized Rhode Island’s first Pride march in 1976 while recognizing the generations who continue to shape the state’s LGBTQ+ community today.

“Our founders understood something that remains true today: change happens when people show up,” said Rodney Davis, president of Rhode Island Pride. “Fifty years after that first march, more than 100,000 people stood together in downtown Providence to declare that we are still here, still visible, and still proud. ‘We Are The People’ is more than a theme—it is a recognition of every person who has contributed to this movement, from the pioneers who marched in 1976 to the young people who will shape the next 50 years.”

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“This year demonstrated the incredible power of community,” added Jess Motyl-Szary, director of Rhode Island Pride. “Every volunteer, performer, sponsor, vendor, parade participant, and attendee helped create a space where people could feel welcomed, celebrated, and connected. The energy throughout the day and night was extraordinary, and it showed why Pride remains so important.”

Take a look at some of the most memorable moments from Rhode Island Pride’s 50th anniversary, courtesy of photographs from Ryan Welch, Kris Laliberte, Jordan Roberts, Kristen Beres, Brian Felsenthal, Leo Selvaggio, Willow Hicks, and Maxwell Snyder.





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RI becomes first state to establish grocery self-checkout limits

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RI becomes first state to establish grocery self-checkout limits


PROVIDENCE, R.I. (WPRI) — Rhode Island is now the first state in the country to implement self-checkout lane restrictions at grocery stores.

Gov. Dan McKee joined local workers and leaders in Providence Thursday to publicly sign the Restrictions on “Self-Service Checkout Stations Act” into law. It initially passed in the Senate last month, but a revised version was sent back by the House on June 10. The Senate passed the amended bill the next day, advancing it to McKee’s desk.

 “Today, we’re protecting jobs and strengthening customer service,” McKee said. “Whether it’s helping a customer with an issue, assisting a senior, or ensuring accessibility for people with disabilities, this law is about preserving choice and keeping people at the center of the shopping experience.”

Under the new legislation, all grocery stores in the state will be required to have one manually staffed cashier lane for every three self-checkout stations. It also limits the tasks a worker can be assigned, stating that their employer must relieve them of all other duties — including running a manual lane — while monitoring self-checkout stations. Additionally, one manual cashier lane must always be open in compliance with the Americans with Disabilities Act.

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Grocery stores that violate the law can be fined based on the wages for one full shift at the highest hourly pay rate, up to $1,000 per day. If a store continues not to comply after being notified of a violation, it may face more penalties under the state consumer protection laws.

Employees and consumers are entitled to file complaints with the R.I. Department of Labor & Training without fear of retaliation if they notice a store is out of compliance, according to the legislation.

Senate President Valarie Lawson said she introduced the bill out of concern for cashier workers, as well as customers who might struggle with “frustrating” self-checkout experiences.

“We’ve all experienced an issue using a self-service checkout and had to wait for an overtaxed employee to come over to resolve it, an experience that can be far more challenging for elderly members of the community,” Lawson said. “This bill would provide options for the consumer by making sure staffed checkout lanes are always available while also improving the store environment for workers and consumers.”

Last week, the United Food and Commercial Workers International Union (UFCW) and UFCW Local 328 released statements celebrating the bill’s passage, calling it a major win for workers and shoppers.

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“UFCW Local 328 members in the grocery industry are often overburdened, having to monitor too many self-checkouts while shoppers face delays,” UFCW Local 328 Secretary-Treasurer Domenic Pontarelli said. “Staffing ratios fix this issue for all parties.”

“This technology has always been a raw deal for shoppers and workers, shifting the labor onto customers while taking hours away from workers,” UFCW International Vice President Ademola Oyefeso added. “We applaud the Rhode Island legislature for passing this bill, making it easier and faster for families to put food on the table, and we look forward to Governor McKee’s signature.”

Meanwhile, Scott Bromberg, president and CEO of the Rhode Island Food Dealers Association, expressed strong disdain for the measure, arguing that it puts traditional grocery stores at a “competitive disadvantage.”

“On behalf of the grocery industry, RIFDA has been vehemently opposed to self-checkout legislation,” Bromberg said in a statement to 12 News. “Our industry is being unfairly targeted, when checkout automation has spread to all retail environments including hardware stores, mass merchants,  dollar stores, pharmacies, and even fast-food chains.”

Bromberg also said the bill will only make it more difficult for Rhode Island grocery stores to operate “as they see fit,” noting that it could lead to longer lines and higher prices.

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“Grocery retailers run at razor thin margins and need flexibility to effectively and efficiently operate their stores, offer competitive prices, and provide great customer service,” he continued.

Download the WPRI 12 and Pinpoint Weather 12 apps to get breaking news and weather alerts.

Watch 12 News Now on WPRI.com or with the free WPRI 12+ TV app.

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