Save More on Rhode Island Energy Plans
Rhode Island energy costs can add up quickly, but your business doesn’t have to settle for high utility bills. By partnering with Great Energy 1, you gain access to experienced energy brokers who help businesses compare energy suppliers and find competitive electricity and natural gas plans. Our team analyzes your company’s energy usage, contract preferences, and available suppliers to identify the most cost-effective options in the Rhode Island market. With personalized plan recommendations and expert guidance, your business can secure a stable rate, improve budget predictability, and reduce long-term energy expenses.
What Is the Average Business Electricity Rate?
As of November 2025, the average commercial electricity rate in Rhode Island is 22.22¢ per kilowatt-hour (kWh), which is about 53.3% higher than the national average. Energy costs in the state are largely influenced by its heavy dependence on natural gas for power generation. Nearly 87% of RI electricity is produced from natural gas, and because the state has no in-state natural gas production, it must rely on imported fuel, which often leads to higher and more volatile prices.
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What Is the Average Business Gas Rate?
As of November 2025, the average commercial natural gas rate in Rhode Island is about $25.98 per Mcf, which is approximately 56% higher than the national average. Rhode Island’s natural gas prices tend to be higher because the state does not produce natural gas locally and relies heavily on imported fuel delivered through interstate pipelines. This limited supply and dependence on outside markets often lead to higher and more volatile pricing for businesses.
Switch Your Rhode Island Energy Provider
At Great Energy 1, we make the energy shopping process simple and efficient for Rhode Island businesses. Our experts handle the research and supplier comparisons so you can focus on running your company while securing better energy rates.
Request a Free Energy Quote
Begin by sharing a few basic details about your business, such as your location, contact information, and estimated monthly energy bill. This helps us identify the most relevant energy options available in your area.
Compare Your Energy Options
Our team reviews offers from our network of RI electricity and natural gas suppliers to create a customized quote with competitive plans tailored to your usage and budget.
Finalize Your Plan & Start Saving
Select the plan that best fits your business goals and sign your contract. From there, our team manages the transition to ensure a smooth switch and long-term savings on your commercial energy bills.
Empowering Businesses Across RI
From Newport to Providence and all the towns in between, we can help you secure the best RI energy rates for your business. Our experts make it simple to find the most affordable RI electricity providers, no matter where your business is located!
Maximize Your Energy Savings with Great Energy 1
For years, our energy experts have helped businesses reduce operating costs with customized energy strategies. By combining market expertise with a strong supplier network, we make it easier for companies to manage their energy expenses and secure long-term stability.
Competitive RI Energy Rates
Access competitive electricity and natural gas rates through our extensive network of trusted commercial energy suppliers.
Tailored Energy Solutions
Receive a free quote with multiple plan options designed around your company’s energy usage, budget, and long-term goals.
Dedicated Account Support
Work with a dedicated account manager who provides ongoing guidance, contract support, and real-time market insights to help you make confident energy decisions.
Traditional RI Energy Plans
Fixed Rate Plan
Lock in your energy rate for the length of your contract. This plan provides predictable monthly costs and protects your business from market price fluctuations.
Blend & Extend
Reduce your current energy rate by renegotiating and extending your existing contract with your supplier. This option can help businesses secure lower pricing while maintaining supplier continuity.
With this plan, your supply rate remains fixed while capacity charges are passed through directly from the utility. This structure offers greater billing transparency and allows businesses to better manage overall energy costs.
Strategic RI Energy Plans
Large commercial operations often benefit from more advanced purchasing strategies. These plans are designed for businesses that want greater control over how and when they buy energy. By working with Great Energy 1, companies can take advantage of market opportunities while managing risk.
Index Pricing
Index pricing links your electricity rate to a public wholesale market index. Your rate changes with market conditions, creating opportunities to benefit when energy prices fall.
Block & Index
This strategy allows businesses to secure a portion of their electricity at a fixed rate while purchasing the remaining usage at market-based index pricing. It balances stability with flexibility.
Flip to Fixed
With this plan, your business starts on a variable market rate and then locks in a fixed rate when market conditions become favorable, helping capture savings during price dips.
Your Guide to RI Energy Choice
For nearly three decades, businesses and residents have had the power to choose their own RI energy providers. Deregulation creates competition among suppliers, leading to lower rates and more plans to choose from. Learn more about how Rhode Island’s energy choice program can help your business thrive.
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Who Benefits From Rhode Island Energy Choice?
Rhode Island’s energy choice program benefits both residential and commercial customers. However, large commercial businesses and energy-intensive industries often see the greatest savings because they typically use more energy and can take advantage of competitive supplier pricing and customized contract terms.
Who Regulates Rhode Island’s Energy Market?
Rhode Island’s competitive energy market is regulated by the Rhode Island Public Utilities Commission (PUC). The PUC oversees utility rates, approves supplier licenses, and ensures energy providers operate fairly while maintaining reliable service for businesses and residents.
What RI Energy Efficiency Programs Are Available?
Rhode Island Energy provides several energy-efficiency programs designed to help businesses reduce consumption and lower operating costs. These programs often include rebates, incentives, and technical support for upgrades such as efficient lighting, HVAC systems, and building improvements.
Who Is Eligible for the RI Energy Discount Program?
Programs such as the Low-Income Home Energy Assistance Program (LIHEAP) and the Good Neighbor Energy Fund are primarily available to residential customers who need help paying energy bills. These initiatives focus on providing financial assistance and seasonal support during high-cost winter months.
Can Rhode Island Businesses Save Money by Using Solar Energy?
Yes. Solar energy can significantly reduce long-term electricity costs for Rhode Island businesses while supporting sustainability initiatives. Many companies install solar systems or participate in renewable energy plans to offset energy usage and stabilize future costs.
Does Rhode Island Offer Renewable Energy Incentives?
Yes. Rhode Island offers various renewable energy incentives, including rebates, tax credits, and grant programs that encourage businesses to invest in clean energy technologies. These incentives help lower the upfront costs of renewable projects and accelerate the return on investment.
Industries We Power with Gas and Electricity Solutions
Great Energy 1 helps businesses across Rhode Island save on both natural gas and electricity while boosting efficiency and cutting costs. Our energy solutions are tailored to a variety of industries, including warehouses, schools, office buildings, nursing homes, and more.
Warehouses
Lower gas & electricity costs, improve efficiency, and keep warehouse operations running smoothly with reliable power solutions.
Schools
Create a comfortable, cost-effective, and sustainable learning environment for students and staff with smart electricity & gas management.
Office Buildings
Reduce expenses, enhance workplace comfort, and support sustainability with gas & electricity-efficient solutions for office spaces.
Nursing Homes
Ensure safety, comfort, and reliable electricity & gas for nursing homes, keeping residents and staff at ease.
Shopping Centers
Save gas & electricity costs, improve lighting, and create a better shopping experience for businesses and customers.
Property Management
Optimize electricity & gas use, lower costs, and improve sustainability for residential and commercial properties.
Manufacturing Companies
Boost production efficiency, reduce gas & electricity costs, and keep manufacturing operations running without interruptions.
Answers to Common Questions
Frequently Asked Questions
As of November 2025, the average commercial electricity rate in RI is 22.32¢ per kWh, which is about 53.3% higher than the national average. Businesses can secure lower rates by comparing competitive electricity suppliers with guidance from Great Energy 1.
As of November 2025, the average commercial natural gas rate in RI is $25.98 per Mcf, roughly 56% higher than the national average. Businesses can lower their gas costs by exploring customized energy solutions from Great Energy 1.
Rhode Island utilities typically provide only one standard supply rate approved by the Public Utilities Commission. Because utilities cannot compete in the retail market, their default rates may sometimes be higher than plans offered by competitive energy suppliers.
Rhode Island generates limited power within the state. About 87% of its electricity comes from natural gas, with additional energy imported from neighboring states through the regional grid.
Yes. Businesses with multiple locations can often consolidate their energy accounts into a single contract, simplifying billing and potentially securing better pricing across all properties.
For many businesses, yes. Fixed-rate contracts lasting 12 to 60 months can protect companies from market volatility and provide predictable energy costs for budgeting purposes.
Switching is possible, but it may involve early termination fees depending on the terms of your current agreement. An energy advisor can help evaluate your contract and determine if switching suppliers is beneficial.
Seasonal weather plays a major role in energy demand. Cold winters increase natural gas usage for heating, while hot, humid summers raise electricity consumption for air conditioning, which can lead to higher market prices during peak periods.
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