Electricity Rates, Plans & Statistics
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About Richland Electric
Richland Electric is a municipally owned entity providing electricity in Richland, Washington. The company has 23,966 residential customer accounts, 1,597 commercial customer accounts and 50 industrial accounts within their service area. Richland Electric averages 9.99 cents per kilowatt hour charged to their customers for residential electricity, which is 0.81% less than the average state rate of 10.07 cents and 25.87% lower than the nationwide average of 13.47. In 2020 the company sold 906,062 megawatt hours to end users (known as retail sales). The electricity they sourced was made up of megawatt hours procured on wholesale channels. They purchased 928,379 megawatt hours on the wholesale market. In 2020 they had total electricity related revenue of $73,014,000, with 97.98% coming from retail sales.
The nationwide average monthly residential power bill is $119.32, while the Richland Electric average is 1.30% higher at $120.87 per month. Richland Electric ranks 1918th in the nation for average monthly bill amount. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end consumers.
Richland Electric is one of 48 electricity suppliers in the state who offer net metering to their customers. The purchase of solar panels and alternative electricity sources is often prohibitively priced for citizens. Net metering allows purchasers of these electricity sources to sell extra wattage back to the grid, making the installation of these alternative sources economically viable.
All electricity providers who generate electricity suffer from some energy loss from heat dissipation or alternative factors. Richland Electric is no exception, as they have an annual loss of around 2.40% of the aggregate electricity they transmit. These averages allow us to compare and contrast the various companies who operate around the United States. Richland Electric has earned a rank of 248th best out of 3510 suppliers who report energy loss in the country.
Richland Electric Rate & Electric Bills
Richland Electric residential electric rates are highest in January and the highest average bill is in May.
Historical Electricity Rates:
Richland Electric Overview
- Company Type:
625 Swift Boulevard, MS-23
Richland, Washington 99352
United States of America
- Director/Superintendent: Clint Whitney
Richland Electric Contact
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Richland Electric's energy loss due to business operations.
Total Energy Loss
248 National Rank
Richland Electric Coverage Map
Richland Electric State Coverage
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Richland Electric County Coverage
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Richland Electric FAQ:
What is the phone number for Richland Electric?
The Richland Electric phone number is (509) 942-7403.
What is the average bundled bill for Richland Electric customers each month?
Customers of Richland Electric pay, on average, a monthly bundled bill of $120.87.
Who is the CEO of Richland Electric?
Richland Electric's current CEO is Clint Whitney.
What is the average bundled electricity rate for Richland Electric customers?
The average bundled rate of electricity for customers of Richland Electric is 9.99 cents per kilowatt hour (¢/kWh).