National Grid

About National Grid

National Grid is an investor owned company supplying electricity in 3 different states throughout the United States including New York, Massachusetts, and Rhode Island. In addition, this coverage territory incorporates 414 cities within these states. The provider has 2,544,422 electricity customers. There are 2,509 industrial customers, 221,749 commercial customers and 2,320,164 residential customer accounts. On average, National Grid bills their customers a residential electricity rate of 21.31 cents per kilowatt hour, which is, sadly for their consumers, 35.21% above the average US rate of 15.76 cents. They sold 4,669,784 megawatt hours through wholesale channels to other electricity suppliers in 2022. The electricity generated in the company's power plants made up 4,662,727 of the megawatt hours sourced by the company. The purchase of wholesale electricity made up an additional 26,481,985. In 2022, the supplier made a total of $8,495,494,200 from business activities relating to the sale and transfer of electricity. They had revenue of $467,736,300 coming from wholesale electricity sales and $4,876,636,100 from retail sales to end users.

Customers of the supplier pay an average monthly residential electric bill of $124.54. This is 7.98% lower than the nationwide average of $135.34. The electricity grid owned by the provider has an average of 1.04 outages per consumer a year, with outages lasting an average of 106.93 minutes. The US average for other providers is 1.45 outages per consumer and approximately 171.11 minutes each outage. Of the 3526 electricity companies in the United States that we track, National Grid ranks as the 174th highest producer of megawatt hours from solar energy sources, with 2,990 megawatt hours generated. They rank 459th in the country out of the 3526 providers we track for their ratio of renewable versus non-renewable fuels used.