Electricity Rates in Providence, KY
Residents of Providence, KY benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. The city is served by 3 electricity providers, with Kenergy Corp being the largest.
Electricity Providers in Providence
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Kenergy Corp | 15.0¢/kWh | 14.0¢/kWh | Cooperative |
| Kentucky Utilities Co | 12.0¢/kWh | 12.0¢/kWh | Investor Owned |
| Tennessee Valley Authority | N/A | 8.0¢/kWh | Federal |
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 Providence
At 14.0¢/kWh, a typical Providence 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 Providence
Charging an electric vehicle at home in Providence 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 Providence, KY?
The average residential electricity rate in Providence, 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 Providence?
Providence is served by 3 electricity providers. Kenergy Corp is the largest provider in the area, though rates and availability vary by specific address.
How do Providence electricity rates compare to the rest of Kentucky?
Providence'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.