Electricity Rates in New madrid, MO
Residents of New madrid, MO benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. The city is served by 2 electricity providers, with SEMO Electric Cooperative being the largest.
Electricity Providers in New madrid
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| SEMO Electric Cooperative | 13.0¢/kWh | 17.0¢/kWh | Cooperative |
| Union Electric Co - (MO) | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
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 New madrid
At 13.0¢/kWh, a typical New madrid 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 New madrid
Charging an electric vehicle at home in New madrid 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 Missouri
Frequently Asked Questions
What is the average electricity rate in New madrid, MO?
The average residential electricity rate in New madrid, MO 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 New madrid?
New madrid is served by 2 electricity providers. SEMO Electric Cooperative is the largest provider in the area, though rates and availability vary by specific address.
How do New madrid electricity rates compare to the rest of Missouri?
New madrid's average rate of 13.0¢/kWh is close to the Missouri state average of 13.0¢/kWh. Rates are typical for the region.