Norwood Electric

About Norwood Electric

Norwood Electric provides electricity in Norwood CDP, Massachusetts. Electricity suppliers must regularly report their customer counts to government agencies. Most recently the company reported 15,255 customers receiving electricity from the company. Exactly 41 of these customers are industrial properties, 1,912 are commercial accounts and 13,302 are residential properties. Norwood Electric's average residential electricity rate per kilowatt hour is 19.16 cents per kilowatt hour, which is 29.36% below Massachusetts' average price of 27.12 cents and 21.57% higher than the nationwide average of 15.76 cents. They had total sales and disposition of 329,443 megawatt hours in 2022, of which 96.09% were via sales to end users. The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. In 2022 they had total electricity related revenue of $54,918,000, with 100.00% coming from retail sales.

The Massachusetts average monthly residential electric bill is $148.34, while the Norwood Electric average is 33.70% lower at $102.74 per month. This is the 7th 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 0.43 outages per consumer a year, with outages lasting roughly 26.04 minutes. The nationwide average for other suppliers is 1.45 outages per consumer and about 171.11 minutes an outage.