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 419 cities within these states. National Grid charges their customers a residential electricity rate of 21.93 cents per kilowatt hour on average, which is 40.28% higher than the national average of 15.64 cents. Around 25,168,338 megawatt hours were sold by the supplier to retail end users in 2022 and 4,669,784 megawatt hours were sold to other providers through whole channels. Power generation plants owned by National Grid produced 14.97% of the megawatt hours sourced by the provider and an additional 85.03% was purchased by way of the wholesale electricity market. In 2022, the company made a total of $8,495,494,200 from business activities relating to the sale and transfer of electricity. They had revenue of $4,876,636,100 coming from retail sales to end users and $467,736,300 from wholesale electricity sales.

Customers of the supplier pay an average monthly residential electric bill of $128.2. This is 3.39% lower than the nationwide average of $132.69. National Grid is the 20th largest provider out of 3517 providers in the nation based on total customer count. The provider is 172nd in the US out of 3517 companies for megawatt hours generated from solar power sources. The supplier generates 0.07% of their total generation, which is 3,262 megawatt hours, from sustainable fuel types.