Electricity Rates in Franklin, MO
Residents of Franklin, MO 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 Co-Mo Electric Coop Inc being the largest.
Electricity Providers in Franklin
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Co-Mo Electric Coop Inc | 15.0¢/kWh | 13.0¢/kWh | Cooperative |
| Evergy Metro | 14.0¢/kWh | 10.0¢/kWh | Investor Owned |
| Union Electric Co - (MO) | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
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 Franklin
At 14.0¢/kWh, a typical Franklin 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 Franklin
Charging an electric vehicle at home in Franklin 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 Missouri
Frequently Asked Questions
What is the average electricity rate in Franklin, MO?
The average residential electricity rate in Franklin, MO 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 Franklin?
Franklin is served by 3 electricity providers. Co-Mo Electric Coop Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Franklin electricity rates compare to the rest of Missouri?
Franklin's average rate of 14.0¢/kWh is 7.7% above the Missouri state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.