Electricity Rates in New richmond, OH
Residents of New richmond, OH benefit from relatively low electricity rates, averaging 11.0¢/kWh — 38.1% below the national average. Duke Energy Ohio Inc serves the area.
Electricity Providers in New richmond
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Duke Energy Ohio Inc | 11.0¢/kWh | 8.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 11.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in New richmond
At 11.0¢/kWh, a typical New richmond household spends approximately $1169.52/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 richmond
Charging an electric vehicle at home in New richmond costs approximately $99.00/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 Ohio
Frequently Asked Questions
What is the average electricity rate in New richmond, OH?
The average residential electricity rate in New richmond, OH is 11.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $97.46 for a typical household.
Who provides electricity in New richmond?
New richmond is served by 1 electricity provider. Duke Energy Ohio Inc is the largest provider in the area.
How do New richmond electricity rates compare to the rest of Ohio?
New richmond's average rate of 11.0¢/kWh is 21.4% below the Ohio state average of 14.0¢/kWh. Residents enjoy some of the lower rates in the state.