Electricity Rates in Magazine, AR
Residents of Magazine, AR benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 2 electricity providers, with Arkansas Valley Elec Coop Corp being the largest.
Electricity Providers in Magazine
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Arkansas Valley Elec Coop Corp | 13.0¢/kWh | 12.0¢/kWh | Cooperative |
| Oklahoma Gas & Electric Co | 11.0¢/kWh | 10.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Magazine
At 12.0¢/kWh, a typical Magazine household spends approximately $1275.84/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Magazine
Charging an electric vehicle at home in Magazine costs approximately $108.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Arkansas
Frequently Asked Questions
What is the average electricity rate in Magazine, AR?
The average residential electricity rate in Magazine, AR is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Magazine?
Magazine is served by 2 electricity providers. Arkansas Valley Elec Coop Corp is the largest provider in the area, though rates and availability vary by specific address.
How do Magazine electricity rates compare to the rest of Arkansas?
Magazine's average rate of 12.0¢/kWh is 7.7% below the Arkansas state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.