Electricity Rates in New market, VA
New market, VA is in a deregulated electricity market with 2 providers available. The average residential rate is 14.0¢/kWh, 6.7% below the Virginia average of 15.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in New market
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Shenandoah Valley Elec Coop | 14.0¢/kWh | 12.0¢/kWh | Cooperative |
| Virginia Electric & Power Co | 14.0¢/kWh | 5.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in New market
At 14.0¢/kWh, a typical New market household spends approximately $1488.48/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 market
Charging an electric vehicle at home in New market costs approximately $126.00/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 Virginia
Frequently Asked Questions
What is the average electricity rate in New market, VA?
The average residential electricity rate in New market, VA is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.
Who provides electricity in New market?
New market is served by 2 electricity providers. Virginia Electric & Power Co is the largest provider in the area, though rates and availability vary by specific address.
How do New market electricity rates compare to the rest of Virginia?
New market's average rate of 14.0¢/kWh is 6.7% below the Virginia state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.