The Narragansett Electric Co

About The Narragansett Electric Co

The Narragansett Electric Co is an investor owned entity providing electricity in 8 different cities in Rhode Island including Providence, Warwick, Cranston, Pawtucket, and East Providence. A total of 372,122 customers (0.24% industrial accounts, 9.35% commercial accounts and 90.41% residential accounts) are provided electricity by the provider. Patrons of The Narragansett Electric Co are billed an average residential electricity rate of 28.23 cents per kilowatt hour, which is 1.45% higher than Rhode Island's average price of 27.83 cents and 79.14% higher than the nationwide average of 15.76 cents. They had total sales and disposition of 4,408,942 megawatt hours in 2022, of which 95.01% were via sales to end users. Wholesale power purchases made up 100.00% of the total electricity sourced . Exactly 4,408,942 megawatt hours were procured via the wholesale electricity market. In 2022, the supplier made 72.47% of their revenue from retail electricity sales.

The nationwide average monthly residential power bill is $135.34, while the The Narragansett Electric Co average is 16.94% higher at $158.27 per month. The Narragansett Electric Co ranks 2432nd in the nation for average monthly bill amount. Consumers of the supplier experience 0.81 power outages on average each year, with outages lasting around 63.2 minutes. The national averages for these data points are 1.45 outages at 171.11 minutes each. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates to then be resold to their end users.