Electricity Rates in Kokomo, MS
Residents of Kokomo, MS 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 Magnolia Electric Power Assn being the largest.
Electricity Providers in Kokomo
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Magnolia Electric Power Assn | 15.0¢/kWh | 15.0¢/kWh | Cooperative |
| Pearl River Valley El Pwr Assn | 14.0¢/kWh | 12.0¢/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 Kokomo
At 15.0¢/kWh, a typical Kokomo 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 Kokomo
Charging an electric vehicle at home in Kokomo 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 Mississippi
Frequently Asked Questions
What is the average electricity rate in Kokomo, MS?
The average residential electricity rate in Kokomo, MS 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 Kokomo?
Kokomo is served by 2 electricity providers. Magnolia Electric Power Assn is the largest provider in the area, though rates and availability vary by specific address.
How do Kokomo electricity rates compare to the rest of Mississippi?
Kokomo's average rate of 15.0¢/kWh is 15.4% above the Mississippi state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.