Resident Power is now officially taking enrollments from Ocean State, providing residents with an opportunity to save on their electric bills and enjoy the freedom to choose their supplier; a benefit that large commercial business have been privy to since 1999. Resident Power’s entry into RI couldn’t come at a better time, as National Grid, the state’s largest utility, raised their rate 12.1% effective January 1st, 2014.

New England Residents and Small Businesses have had the opportunity to save on their electric bills and choose their supplier for over a decade. Rhode Island has been vastly under-served in this regard with projections as high as 95% of households still with the rising prices of National Grid.  Enrollments are being accepted through www.ResidentPowerRI.com, a freshly launched website chock-full of information on the energy industry and the benefits of retail energy choice.

“Our management team has been involved in the growth and expansion of the Connecticut, Maine and New Hampshire residential electricity markets and now it is time to bring serious competitive choice to Rhode Island as well,” says Managing Director Bart Fromuth.

How does Resident Power offer savings that the rest of New England is experiencing?

Through their successful and proven aggregation model. A model that groups residential and small business electricity usage together in order to negotiate rates with willing competitive suppliers. Resident Power is able to meet the needs of both competitive energy suppliers in terms of consistent usage demand and the residential customer’s appetite for savings.

Resident Power further promotes its value by monitoring customer contracts for end dates and providing excellent customer service.  With electricity prices across New England rising due to natural gas constraints, Resident Power is expecting customers to be more in tuned to electricity and savings.

When asked about the entry into Rhode Island’s residential market back in August, Fromuth stated, “Rhode Island has been a big part of my life. I’m excited to finally open our doors here and get to work saving people money.”

Resident Power was the first electricity provider to offer competitive electric choice to households in New Hampshire back in early 2011, since then the market has grown to over 90,000 customers making the switch. Fromuth hopes that the program proves to be just as successful in the Ocean State.

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