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 510 cities within these states. The provider has 2,603,844 electricity customers. There are 2,844 industrial customers, 230,451 commercial customers and 2,370,549 residential customer accounts. On average, National Grid bills their customers a residential electricity rate of 20.02 cents per kilowatt hour, which is, sadly for their consumers, 41.85% above the average US rate of 14.11 cents. They sold 4,973,012 megawatt hours through wholesale channels to other electricity suppliers in 2020. The electricity generated in the company's power plants made up 4,912,615 of the megawatt hours sourced by the company. The purchase of wholesale electricity made up an additional 25,370,052. In 2020, the supplier made a total of $7,239,880,100 from business activities relating to the sale and transfer of electricity. They had revenue of $472,623,800 coming from wholesale electricity sales and $3,638,264,400 from retail sales to end users.

Customers of the supplier pay an average monthly residential electric bill of $123.26. This is 2.14% lower than the nationwide average of $125.95. The electricity grid owned by the provider has an average of 0.75 outages per consumer a year, with outages lasting an average of 165.34 minutes. The US average for other providers is 1.21 outages per consumer and approximately 122.99 minutes each outage. Of the 3509 electricity companies in the United States that we track, National Grid ranks as the 166th highest producer of megawatt hours from solar energy sources, with 3,703 megawatt hours generated. They rank 460th in the country out of the 3509 providers we track for their ratio of renewable versus non-renewable fuels used.