Electricity Rates in Richfield, OH
Richfield, OH is in a deregulated electricity market with 2 providers available. The average residential rate is 12.0¢/kWh, 14.3% below the Ohio average of 14.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Richfield
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Cleveland Electric Illum Co | 12.0¢/kWh | 13.0¢/kWh | Investor Owned |
| Ohio Edison Co | 12.0¢/kWh | 11.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Richfield
At 12.0¢/kWh, a typical Richfield household spends approximately $1275.84/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 Richfield
Charging an electric vehicle at home in Richfield costs approximately $108.00/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 Richfield, OH?
The average residential electricity rate in Richfield, OH is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Richfield?
Richfield is served by 2 electricity providers. Cleveland Electric Illum Co is the largest provider in the area, though rates and availability vary by specific address.
How do Richfield electricity rates compare to the rest of Ohio?
Richfield's average rate of 12.0¢/kWh is 14.3% below the Ohio state average of 14.0¢/kWh. Residents enjoy some of the lower rates in the state.