Electricity Rates in Richwood, NJ
The average residential electricity rate in Richwood, NJ is 17.0¢/kWh based on 2024 EIA data. Atlantic City Electric Co provides electricity to the area. This is 30.8% above the New Jersey state average.
Electricity Providers in Richwood
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Atlantic City Electric Co | 17.0¢/kWh | 13.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 17.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Richwood
At 17.0¢/kWh, a typical Richwood household spends approximately $1807.44/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 Richwood
Charging an electric vehicle at home in Richwood costs approximately $153.00/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 New Jersey
Frequently Asked Questions
What is the average electricity rate in Richwood, NJ?
The average residential electricity rate in Richwood, NJ is 17.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $150.62 for a typical household.
Who provides electricity in Richwood?
Richwood is served by 1 electricity provider. Atlantic City Electric Co is the largest provider in the area.
How do Richwood electricity rates compare to the rest of New Jersey?
Richwood's average rate of 17.0¢/kWh is 30.8% above the New Jersey state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.