Electricity Rates in Richmond, RI
Electricity rates in Richmond, RI average 22.0¢/kWh — 23.7% above the national average of 17.78¢/kWh. The Narragansett Electric Co is the primary electricity provider in the area.
Electricity Providers in Richmond
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| The Narragansett Electric Co | 22.0¢/kWh | 17.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 22.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Richmond
At 22.0¢/kWh, a typical Richmond household spends approximately $2339.04/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 Richmond
Charging an electric vehicle at home in Richmond costs approximately $198.00/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 Rhode Island
Frequently Asked Questions
What is the average electricity rate in Richmond, RI?
The average residential electricity rate in Richmond, RI is 22.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $194.92 for a typical household.
Who provides electricity in Richmond?
Richmond is served by 1 electricity provider. The Narragansett Electric Co is the largest provider in the area.
How do Richmond electricity rates compare to the rest of Rhode Island?
Richmond's average rate of 22.0¢/kWh is close to the Rhode Island state average of 22.0¢/kWh. Rates are typical for the region.