Submitted by uwuwotsdps42069 t3_10fennp in RhodeIsland
degggendorf t1_j4x6tsi wrote
Reply to comment by Status_Silver_5114 in Electrical costs are obscene. by uwuwotsdps42069
Yes, RIE has a monopoly on distribution, but we can choose our supplier.
Because of RIE's semi-monopoly, there's a Public Utility Council that is supposed to oversee and regulate the amount of profit RIE is allowed to make on the distribution. It was previously 5% profit, but I think it was recently increased to 7.5%, but they don't make it easy to find that rate for some reason.......
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