Electricity Price History in Rhode Island
Electricity cost depends on monthly usage and your state's rate. Below are historical rate trends and price change metrics for Rhode Island. Data comes from EIA residential retail sales.
Current rate
28.42 ¢/kWh
1-year increase
+22.6%
5-year increase
+37.9%
Price Trend
Summary
Electricity prices in Rhode Island have increased 37.9% over the past 5 years. One year ago the rate was 25.40¢/kWh; it is now 28.42¢/kWh. Five years ago the rate was 22.59¢/kWh.
More Data & Comparisons
- Electricity cost in Rhode Island — Rates, value score, affordability
- Average electricity bill in Rhode Island — Monthly and annual bill estimates
- Electricity cost calculator for Rhode Island — Usage-based estimates
- Full Rhode Island knowledge page — Rates, value score, affordability, trends
- All states price history
Frequently Asked Questions
- How much have electricity prices increased in Rhode Island?
- Electricity prices in Rhode Island have increased 37.9% over the past 5 years. The 1-year increase is 22.6%. The annualized 5-year increase is approximately 6.6% per year.
- Why do electricity prices change?
- Electricity prices change due to fuel costs (natural gas, coal, renewables), transmission and distribution investments, regulatory policies, demand patterns, and weather. State-level rates also reflect local generation mix and market structure.
- Are electricity prices rising faster than inflation?
- It varies by state and period. The U.S. Bureau of Labor Statistics reports that electricity prices have often risen faster than overall inflation in recent years due to grid modernization, renewable mandates, and fuel cost volatility. Compare your state's annualized increase to CPI inflation.