Would CREC save Rhode Island residential and commercial ratepayers a lot of money on energy?

The use of solar or EE (energy efficiency) is likely to save consumers significantly more than the CREC.

As stated above, the CREC will, at best, improve the cost of electricity by 1 to 2% as compared to solar or EE that are found to reduce rates 10 to 20%. For example, a solar net metering agreement which allows customers to credit purchases from these resources against their electric bill are typically procured at 10 to 20% less than the retail rates. This allows for more savings to electric consumers in RI.