Electricity Rates in Richwood, OH
Richwood, OH is in a deregulated electricity market with 4 providers available. The average residential rate is 13.0¢/kWh, 7.1% below the Ohio average of 14.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Richwood
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Consolidated Cooperative | 16.0¢/kWh | 15.0¢/kWh | Cooperative |
| Dayton Power & Light Co | 11.0¢/kWh | 8.0¢/kWh | Investor Owned |
| Ohio Edison Co | 12.0¢/kWh | 11.0¢/kWh | Investor Owned |
| Union Rural Electric Coop, Inc | 16.0¢/kWh | 13.0¢/kWh | Cooperative |
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 Richwood
At 13.0¢/kWh, a typical Richwood 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 Richwood
Charging an electric vehicle at home in Richwood 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 Ohio
Frequently Asked Questions
What is the average electricity rate in Richwood, OH?
The average residential electricity rate in Richwood, OH 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 Richwood?
Richwood is served by 4 electricity providers. Dayton Power & Light Co is the largest provider in the area, though rates and availability vary by specific address.
How do Richwood electricity rates compare to the rest of Ohio?
Richwood's average rate of 13.0¢/kWh is 7.1% below the Ohio state average of 14.0¢/kWh. Residents enjoy some of the lower rates in the state.