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Comprehensive Local Electricity Guide

Banks Electricity Rates

Commercial Electricity in Banks

^ The average commercial electricity rate in Banks, AL is 9.39¢/kWh.[1]

Residential Electricity in Banks

^ The average residential electricity rate in Banks, AL is 9.29¢/kWh.[1]

Industrial Electricity in Banks

^ The average industrial electricity rate in Banks, AL is 7.1¢/kWh.[1]

AL Electricity

Banks, AL Electricity Statistics

Commercial electricity rates in Banks


  • Commercial Electricity in Banks
    • The average commercial electricity rate in Banks is 9.39¢/kWh.[1]
    • This average (commercial) electricity rate in Banks is 11.67% less than the Alabama average rate of 10.63¢/kWh.[2]
    • The average (commercial) electricity rate in Banks is 6.94% less than the national average rate of 10.09¢/kWh. Commercial rates in the U.S. range from 6.86¢/kWh to 34.88¢/kWh.[2]

Residential electricity rates in Banks


  • Residential Electricity in Banks
    • The average residential electricity rate in Banks is 9.29¢/kWh.[1]
    • This average (residential) electricity rate in Banks is 18.51% less than the Alabama average rate of 11.4¢/kWh.[2]
    • The average (residential) electricity rate in Banks is 21.8% less than the national average rate of 11.88¢/kWh. Residential rates in the U.S. range from 8.37¢/kWh to 37.34¢/kWh.[2]

Industrial electricity rates in Banks


  • Industrial Electricity in Banks
    • The average industrial electricity rate in Banks is 7.1¢/kWh.[1]
    • This average (industrial) electricity rate in Banks is 14.15% greater than the Alabama average rate of 6.22¢/kWh.[2]
    • The average (industrial) electricity rate in Banks is 6.45% greater than the national average rate of 6.67¢/kWh. Industrial rates in the U.S. range from 4.13¢/kWh to 30.82¢/kWh.[2]
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Alabama Electricity Rates & Consumption

Commercial electricity in Alabama


  • Commercial electricity rates in AL [3]
    • The average commercial electricity rate in Alabama is 10.63¢/kWh, which ranks 14th in the nation and is 5.35% greater than the national average rate of 10.09¢/kWh.[3]
  • Commercial electricity consumption in AL [3]
    • Commercial electricity consumption in Alabama averages 5,083 kWh/month, which ranks 37th in the nation and is 18.52% less than the national average of 6,238 kWh/month.
  • Commercial electricity bills in AL [3]
    • The average monthly commercial electricity bill in Alabama is $541, which ranks 25th in the nation and is 13.99% less than the national average of $629.
  • electricity Learn more about commercial electricity in Alabama

Residential electricity in Alabama


  • Residential electricity rates in Alabama [3]
    • The average residential electricity rate in Alabama is 11.4¢/kWh, which ranks 23rd in the nation and is
  • Residential electricity consumption in AL [3]
    • Residential electricity consumption in Alabama averages 1,187 kWh/month, which ranks 4th in the nation and is 31.45% greater than the national average of 903 kWh/month.
  • Residential electricity bills in AL [3]
    • The average monthly residential electricity bill in Alabama is $135, which ranks 2nd in the nation and is 26.17% greater than the national average of $107 per month.
  • electricity Learn more about residential electricity in Alabama

Industrial electricity in Alabama


  • Industrial electricity rates in Alabama [3]
    • The average industrial electricity rate in Alabama is 6.22¢/kWh, which ranks 33rd in the nation and is 6.75% less than the national average rate of 6.67¢/kWh.
  • Industrial electricity consumption in AL [3]
    • Industrial electricity consumption in Alabama averages 392,382 kWh/month, which ranks 9th in the nation and is 249.85% greater than the national average of 112,158 kWh/month.
  • Industrial electricity bills in AL [3]
    • The average monthly industrial electricity bill in Alabama is $24,425, which ranks 9th in the nation and is 226.41% greater than the national average of $7,483.
  • electricity Learn more about industrial electricity in Alabama

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Household Income in Banks, AL

Banks, AL Income Breakdown [4]


Income Summary for Banks, AL


    • Household income: The city of Banks has a median household income of $27,368, versus $62,843 for the U.S.[4]
    • Compared to the U.S.: Median household income in Banks is approximately 56 percent less than the median income for the entire United States.[4]
    • Poverty level: Approximately 15.8 percent of Banks households have incomes below poverty level.[4]
    • Electric bills: The average residential electricity bill in Alabama is about $135/month, ranking 2nd in the U.S. and 26.17% greater than the national average of $107.[5]

Income: Banks vs. Nation [4]


Additional information about Banks

About Banks

Banks is a town located in Pike County in the state of Alabama, and has a population of approximately 179.[6]

AL Electricity

More about Banks utilities

For more information about Banks electricity, or for additional resources regarding electricity & utilities in your state, visit the Energy Information Administration.

Did you know?

Nuclear energy generated little electricity 50 years ago, but in 2011 provided more than 20% of U.S. electricity.

Additional Cities in AL

References

1. ^ National Renewable Energy Laboratory

2. ^ U.S. Department of Energy

3. ^ U.S. Energy Information Administration (2012)

4. ^ United States Census Bureau

5. ^ U.S. Energy Information Administration

6. ^ United States Census Bureau

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