The Narragansett Electric Co

About The Narragansett Electric Co

The Narragansett Electric Co operates in 5 counties and is classified as an investor owned entity. The residential electricity rate for customers of The Narragansett Electric Co is, on average, 20.03 cents per kilowatt hour, which is 9.65% less than the state's average rate of 22.17 cents and 49.44% higher than the US average of 13.40 cents. In 2020 The Narragansett Electric Co sold 3,986,031 megawatt hours via retail sales to end users. The electricity sourced by the supplier primarily came from megawatt hours that they procured via the wholesale electricity market. They purchased 4,204,337 wholesale megawatt hours. In 2020 the company had total electricity related revenue of $1,103,308,400, with 72.44% from retail sales.

The nationwide average monthly residential power bill is $118.93, while the The Narragansett Electric Co average is 0.98% less at $117.76 per month. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end users.

The Narragansett Electric Co Net Metering

Offering net metering to consumers is a win-win situation for The Narragansett Electric Co and any individuals who receive their electricity from the company. 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 excess kilowatt hours back to the grid, making the installation of these alternative sources economically viable .

Energy Loss

Loss of electricity from heat dissipation while transmitting electricity and other causes is part of being in the electricity generation business. Suppliers are required to report these losses to government agencies who track electricity infrastructure efficiencies. The Narragansett Electric Co reported a yearly loss of about 4.90% of the electricity that they transmit. This percentage of electricity lost results in them being given a rank of 875th best out of 3510 providers reporting energy loss in the United States.

The Narragansett Electric Co Rate & Electric Bills

The Narragansett Electric Co residential electric rates are highest in January and the highest average bill is in June.

Historical Electric Rates:

Price Per kWHAverage Bill$0.220/kWh$0.141/kWh$168.09/mo.$69.14/mo.
2889th20.03¢The Narragansett Electric Co's Average residential price per kWh
1802nd$117.76Average monthly electric bill for The Narragansett Electric Co's residential customers

The Narragansett Electric Co Overview

  • Company Type:Investor Owned
  • Parent Company:National Grid
  • Headquarters:280 Melrose Street
    Providence, Rhode Island 02907
    United States of America
  • CEO:Badar Khan

The Narragansett Electric Co Contact

The Narragansett Electric Co Service

Energy provider of the year for Rhode Island, Major Provider Category
Top 3 Lowest Energy Loss
Rhode Island, Major Provider Category
Claim Award
Energy provider of the year for Rhode Island, Major Provider Category
Lowest Energy Loss
Rhode Island, Major Provider Category
Claim Award
Energy provider of the year for Rhode Island, Major Provider Category
Top 3 Lowest Energy Loss
Rhode Island, Major Provider Category
Claim Award

Energy Loss

The Narragansett Electric Co's energy loss due to business operations.

-4.90%

Total Energy Loss

205,977MWh

875 National Rank

The Narragansett Electric Co Coverage Map

Coverage Map Placeholder

The Narragansett Electric Co State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Rhode Island442,921795,575,3491100%

The Narragansett Electric Co County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Bristol County48,479122.14$126.33/mo
Kent County164,292122.14$126.33/mo
Newport County82,082122.14$126.33/mo
Providence County638,931220.28$119.63/mo
Washington County125,577227.05$132.26/mo

Cities The Narragansett Electric Co Has Coverage

  • Central Falls, RI
  • Cranston, RI
  • East Providence, RI
  • Newport, RI
  • Pawtucket, RI
  • Providence, RI
  • Warwick, RI
  • Woonsocket, RI

* City coverage generated based on government data. Always verify you can get service from the provider.

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The Narragansett Electric Co FAQ:

What cities does The Narragansett Electric Co offer service in?

The Narragansett Electric Co serves electricity in 8 cities in the nation.

What is the phone number for The Narragansett Electric Co?

You can reach The Narragansett Electric Co by phone via (800) 322-3223.

Who is the CEO of The Narragansett Electric Co?

The CEO of The Narragansett Electric Co is Badar Khan.

How many counties does The Narragansett Electric Co supply electricity in?

There are 5 counties that receive at least some electricity coverage by The Narragansett Electric Co.

What company is The Narragansett Electric Co owned by?

The Narragansett Electric Co is a subsidiary of National Grid.

How much is the average bundled bill for The Narragansett Electric Co customers each month?

The average monthly bundled electric bill for customers of The Narragansett Electric Co is $117.76. The Rhode Island average bundled bill is $131.37 and the nationwide average is $131.37.

What is the average bundled electricity rate for The Narragansett Electric Co customers?

Customers of The Narragansett Electric Co, on average, have an electricity bundled rate 20.03 cents per kilowatt hour (¢/kWh).

Last Reviewed By: Matt Hope
Published: 2021-03-16Last Updated: 2022-01-10