Electricity Rates in Montpelier, KY
Residents of Montpelier, KY benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. The city is served by 6 electricity providers, with Farmers Rural Electric Coop Corp - (KY) being the largest.
Electricity Providers in Montpelier
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Farmers Rural Electric Coop Corp - (KY) | 13.0¢/kWh | 13.0¢/kWh | Cooperative |
| Kentucky Utilities Co | 12.0¢/kWh | 12.0¢/kWh | Investor Owned |
| South Kentucky Rural E C C | 13.0¢/kWh | 15.0¢/kWh | Cooperative |
| Taylor County Rural E C C | 13.0¢/kWh | 11.0¢/kWh | Cooperative |
| Tennessee Valley Authority | N/A | 8.0¢/kWh | Federal |
| Tri-County Elec Member Corp (TN) | 13.0¢/kWh | 10.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 13.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Montpelier
At 13.0¢/kWh, a typical Montpelier household spends approximately $1382.16/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 Montpelier
Charging an electric vehicle at home in Montpelier costs approximately $117.00/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 Montpelier, KY?
The average residential electricity rate in Montpelier, KY is 13.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $115.18 for a typical household.
Who provides electricity in Montpelier?
Montpelier is served by 6 electricity providers. Farmers Rural Electric Coop Corp - (KY) is the largest provider in the area, though rates and availability vary by specific address.
How do Montpelier electricity rates compare to the rest of Kentucky?
Montpelier's average rate of 13.0¢/kWh is close to the Kentucky state average of 13.0¢/kWh. Rates are typical for the region.