Manchester, New Hampshire (PRWEB) August 10, 2013
New Hampshire based Resident Power, a residential electricity service provider, recently submitted their application to the Rhode Island Public Utilities Commission. Resident Power is seeking to become the first serious option for Rhode Island rate payers looking to save money on their home’s electricity bill.
“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.
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 will prove to be just as successful in the Ocean State.
Deregulation entered New England in 1999 where large businesses leveraged large electricity loads and purchased right off the ISO. Since then this model was diversified through different product offerings that allowed small business and even residential loads to have access to cheaper supply options. An example of this diversification is through Resident Power's aggregator program.
“Rhode Island has been a big part of my life,” says Fromuth, who graduated from high school in Portsmouth back in 1999 and worked in Providence as recently as 2007. “I’m excited to finally open our doors here and get to work saving people money.”
According to Fromuth, Resident Power expects to have Public Utilities Commission approval over the next one to two months. Once approved, Resident Power plans to launch an aggressive media campaign educating Rhode Island customers on the benefits of electricity deregulation and the ability to choose an alternative to the utility.