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 418 cities within these states. National Grid charges their customers a residential electricity rate of 22.28 cents per kilowatt hour on average. This is 37.40% higher than the national average price of 16.22 cents, resulting in the supplier ranking 2800th best for average electricity price out of 2885 providers in the country. A total of 23,349,346 megawatt hours were sold via retail sales in 2023 by the provider. During the same timeframe, National Grid produced 4,153,083 megawatt hours in facilities owned by the supplier and purchased 24,703,824 megawatt hours via wholesale electricity channels. The revenue for National Grid for 2023 from electricity sales was $8,323,549,900, with 5.03% coming from wholesale electricity sales and 55.77% from retail sales to end users.

Customers of the supplier pay an average monthly residential electric bill of $141.75. This is 1.13% lower than the nationwide average of $143.38. The electricity grid owned by the provider has an average of 0.7 outages per consumer a year, with outages lasting an average of 81.02 minutes. The US average for other providers is 1.44 outages per consumer and approximately 123.49 minutes each outage. Of the 3530 electricity companies in the United States that we track, National Grid ranks as the 199th highest producer of megawatt hours from solar energy sources, with 2,062 megawatt hours generated. They rank 454th in the country out of the 3530 providers we track for their ratio of renewable versus non-renewable fuels used.