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drnick5 t1_j50a3zy wrote

Reply to comment by degggendorf in Electrical costs are obscene. by uwuwotsdps42069

Interesting! This is definitely a different program than what they had before, unless I'm confusing them with another "alternative energy provider" but if I remember last I looked a few years go, they only had wind energy, and it was a locked in rate for the year.

My math at your rate for this month shows you paying 0.2998 cents per KwH factoring in all fees. Using my latest bill, I'm paying about 0.3031 per KwH. So it does seem to be cheaper.

The Data nerd and skeptic in me would love to see this tracked for a full year to make sure it actually is a savings, but it seems great!

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degggendorf t1_j50br84 wrote

> The Data nerd and skeptic in me would love to see this tracked for a full year to make sure it actually is a savings, but it seems great!

The math is always the total RIE charges minus 10%. They don't really have their own separate rate, it's always 10% less than whatever supply+delivery I'd pay RIE.

There are other community solar projects in the state, run by other intermediary companies like Arcadia. I am not sure if any other companies offer a better deal than capturing only 10% savings. I really should look into it more.

This is the official RI OER page for community solar: https://risolarmarketplace.com/

And this is the .gov site with general info and FAQs on the program: https://energy.ri.gov/renewable-energy/solar/community-solar

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drnick5 t1_j50dabc wrote

My only thought, is what happens if they have a low production year. and don't generate enough KwH to give out to their subscribers? I'm going to assume they have some sort of language in their contract to cover their ass.

Still, it does seem like a good deal!

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degggendorf t1_j50fafp wrote

I am not sure what legally binding stuff there is, but the advertised promise was that I will never pay more than RIE charges.

I don't think there's any real way for it to cost more...even if the solar farm output is 0 kWh, then I'm just getting supplied with the default RIE generation mix at the RIE rates.

Which might be something I should clarify...Arcadia is not actually my energy supplier. They are an intermediary that manages community solar projects that buys cheaper solar power from farms, sells it to RIE at market rates, and passes a portion of that savings to the consumer. On paper, my supplier is still RIE.

They are distinct from alternative suppliers like you'd find on this list: https://www.ri.gov/app/dpuc/empowerri/rate_card

edit: it looks like the "smart energy" supplier fits your earlier description...slightly lower advertised rate right now, but a 6 month commitment that will extend into next quarter's RIE rate update which will almost certainly be lower than current...so if you signed up with them, you'd have a slightly-lower rate for now, then be stuck with a higher rate later.

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