Electricity Rates in Elkfork, KY
Residents of Elkfork, KY benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 2 electricity providers, with Grayson Rural Electric Coop Corp being the largest.
Electricity Providers in Elkfork
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Grayson Rural Electric Coop Corp | 16.0¢/kWh | 10.0¢/kWh | Cooperative |
| Licking Valley Rural E C C | 14.0¢/kWh | 8.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Elkfork
At 15.0¢/kWh, a typical Elkfork household spends approximately $1594.80/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 Elkfork
Charging an electric vehicle at home in Elkfork costs approximately $135.00/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 Kentucky
Frequently Asked Questions
What is the average electricity rate in Elkfork, KY?
The average residential electricity rate in Elkfork, KY is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Elkfork?
Elkfork is served by 2 electricity providers. Grayson Rural Electric Coop Corp is the largest provider in the area, though rates and availability vary by specific address.
How do Elkfork electricity rates compare to the rest of Kentucky?
Elkfork's average rate of 15.0¢/kWh is 15.4% above the Kentucky state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.