Richmond Electricity Rates

Commercial electricity rates in Richmond

• Commercial Electricity in Richmond
• • The average commercial electricity rate in Richmond is 7.8¢/kWh.^[1]
  • This average (commercial) electricity rate in Richmond is 3.47% less than the Virginia average rate of 8.08¢/kWh.^[2]
  • The average (commercial) electricity rate in Richmond is 22.7% 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 Richmond

• Residential Electricity in Richmond
• • The average residential electricity rate in Richmond is 11.04¢/kWh.^[1]
  • This average (residential) electricity rate in Richmond is 0.36% less than the Virginia average rate of 11.08¢/kWh.^[2]
  • The average (residential) electricity rate in Richmond is 7.07% 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 Richmond

• Industrial Electricity in Richmond
• • The average industrial electricity rate in Richmond is 6.24¢/kWh.^[1]
  • This average (industrial) electricity rate in Richmond is 7.14% less than the Virginia average rate of 6.72¢/kWh.^[2]
  • The average (industrial) electricity rate in Richmond is 6.45% less 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]

Commercial electricity in Virginia

• Commercial electricity rates in VA ^[3]
• • The average commercial electricity rate in Virginia is 8.08¢/kWh, which ranks 42nd in the nation and is 19.92% less than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in VA ^[3]
• • Commercial electricity consumption in Virginia averages 9,298 kWh/month, which ranks 3rd in the nation and is 49.05% greater than the national average of 6,238 kWh/month.
• Commercial electricity bills in VA ^[3]
• • The average monthly commercial electricity bill in Virginia is $751, which ranks 8th in the nation and is 19.4% greater than the national average of $629.
• Learn more about commercial electricity in Virginia

Residential electricity in Virginia

• Residential electricity rates in Virginia ^[3]
• • The average residential electricity rate in Virginia is 11.08¢/kWh, which ranks 30th in the nation and is 6.73% less than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in VA ^[3]
• • Residential electricity consumption in Virginia averages 1,117 kWh/month, which ranks 10th in the nation and is 23.7% greater than the national average of 903 kWh/month.
• Residential electricity bills in VA ^[3]
• • The average monthly residential electricity bill in Virginia is $124, which ranks 8th in the nation and is 15.89% greater than the national average of $107 per month.
• Learn more about residential electricity in Virginia

Industrial electricity in Virginia

• Industrial electricity rates in Virginia ^[3]
• • The average industrial electricity rate in Virginia is 6.72¢/kWh, which ranks 21st in the nation and is 0.75% greater than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in VA ^[3]
• • Industrial electricity consumption in Virginia averages 363,196 kWh/month, which ranks 10th in the nation and is 223.83% greater than the national average of 112,158 kWh/month.
• Industrial electricity bills in VA ^[3]
• • The average monthly industrial electricity bill in Virginia is $24,389, which ranks 10th in the nation and is 225.93% greater than the national average of $7,483.
• Learn more about industrial electricity in Virginia

Richmond, VA Income Breakdown ^[4]

Income Summary for Richmond, VA

• • Household income: The city of Richmond has a median household income of $44,461, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Richmond is approximately 29 percent less than the median income for the entire United States.^[4]
  • Poverty level: Approximately 17.4 percent of Richmond households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in Virginia is about $124/month, ranking 8th in the U.S. and 15.89% greater than the national average of $107.^[5]

Income: Richmond vs. Nation ^[4]