Electricity Rates in Millwood, KY
Residents of Millwood, KY benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 3 electricity providers, with Kentucky Utilities Co being the largest.
Electricity Providers in Millwood
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Kentucky Utilities Co | 12.0¢/kWh | 12.0¢/kWh | Investor Owned |
| Tennessee Valley Authority | N/A | 8.0¢/kWh | Federal |
| Warren Rural Elec Coop Corp | 12.0¢/kWh | 13.0¢/kWh | Cooperative |
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 Millwood
At 12.0¢/kWh, a typical Millwood 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 Millwood
Charging an electric vehicle at home in Millwood 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 Kentucky
Frequently Asked Questions
What is the average electricity rate in Millwood, KY?
The average residential electricity rate in Millwood, KY 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 Millwood?
Millwood is served by 3 electricity providers. Kentucky Utilities Co is the largest provider in the area, though rates and availability vary by specific address.
How do Millwood electricity rates compare to the rest of Kentucky?
Millwood's average rate of 12.0¢/kWh is 7.7% below the Kentucky state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.