Client: Conservation Law Foundation and Environmental Defense
Author: Elizabeth A. Stanton, PhD, Joshua R. Castigliego, and Jordan Burt, PhD
April 2026
On behalf of Conservation Law Foundation and Environmental Defense, Principal Economist Elizabeth A. Stanton, PhD, Senior Researcher Joshua R. Castigliego, and Researcher Jordan Burt, PhD, prepared a report assessing the results of a “Rhode Island Benefit Cost Test” (RI Test) cost-benefit analysis comparing the monetized costs and benefits of a new heat pump electric rate proposed in Rhode Island Public Utility Commission Docket No. 25-45-GE.
AEC found that the net impact of a heat pump rate is a system-wide cost savings of $11.9 million, or benefit to cost ratio of 1.3. The proposed residential heat pump rate shows greater benefits than costs under the RI Test methodology.
Link to Report
Testimony on the Proposed Rhode Island Residential Heat Pump Rate
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