Electricity Rates in Morehead, KY
Residents of Morehead, KY benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. The city is served by 6 electricity providers, with Clark Energy Coop Inc - (KY) being the largest.
Electricity Providers in Morehead
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Clark Energy Coop Inc - (KY) | 13.0¢/kWh | 13.0¢/kWh | Cooperative |
| Fleming-Mason Energy Coop Inc | 13.0¢/kWh | 11.0¢/kWh | Cooperative |
| Grayson Rural Electric Coop Corp | 16.0¢/kWh | 10.0¢/kWh | Cooperative |
| Kentucky Power Co | 15.0¢/kWh | 13.0¢/kWh | Investor Owned |
| Kentucky Utilities Co | 12.0¢/kWh | 12.0¢/kWh | Investor Owned |
| Licking Valley Rural E C C | 14.0¢/kWh | 8.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Morehead
At 14.0¢/kWh, a typical Morehead household spends approximately $1488.48/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 Morehead
Charging an electric vehicle at home in Morehead costs approximately $126.00/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 Morehead, KY?
The average residential electricity rate in Morehead, KY is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.
Who provides electricity in Morehead?
Morehead is served by 6 electricity providers. Clark Energy Coop Inc - (KY) is the largest provider in the area, though rates and availability vary by specific address.
How do Morehead electricity rates compare to the rest of Kentucky?
Morehead's average rate of 14.0¢/kWh is 7.7% above the Kentucky state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.