Norwood Electric

About Norwood Electric

Norwood Electric provides electricity in Norwood CDP, Massachusetts. On average, Norwood Electric bills their customers a residential electricity rate of 19.19 cents per kilowatt hour, which is 30.57% below the average state price of 27.63 cents and 18.54% higher than the nationwide average of 16.19. The company had sales of 307,994 megawatt hours in 2023 through retail sales. The electricity sourced by the company is made up primarily of megawatt hours they procured by way of the wholesale market. This category comprises 100.00% of all electricity sourced by the company. Their total revenue for 2023 was $55,049,000 and came only from electricity sales to retail customers.

The Massachusetts average monthly residential electric bill is $152.18, while the Norwood Electric average is 32.60% lower at $105.55 per month. This is the 4th lowest average monthly bill amount for a supplier in Massachusetts. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates from other companies to then be resold to their end users. The electricity grid operated by the supplier experiences an average of 0.76 outages per consumer a year, with outages lasting roughly 45.97 minutes. The nationwide average for other suppliers is 1.44 outages per consumer and about 123.49 minutes an outage.