Wisconsin · Investor Owned · investor
Madison Gas & Electric Co Electricity Rates
Average residential price, customers served and derived annual usage from EIA Form 861, 2024 release.
- 20.34¢
- Avg residential price / kWh
- 147.5K
- Residential customers
- +17.1%
- vs Wisconsin average
- $1,187
- Implied avg annual bill
Among 194 utilities with 100,000 or more residential customers, Madison Gas & Electric Co ranks #24 by average cents per kWh and #143 by residential customers. Madison Gas & Electric Co charged an average of 20.34¢ per kWh to residential customers in 2024 - above the Wisconsin average and above the Form 861 US customer-weighted average.
San Diego Gas & Electric Co ranks #1 of 194 by average residential cents per kWh (43.63¢, 307,982 customers, customers rank #90). Florida Power & Light Co ranks #1 of 194 by residential customers (5,236,277 customers at 13.71¢, price rank #122). The highest average rate is not the largest customer count. Madison Gas & Electric Co is investor owned - a shareholder-owned company whose retail rates are set through a state regulatory commission. Its reported average residential price is above the Wisconsin customer-weighted average (+17.1%). Its customers used well below the national residential norm at about 5,836 kWh a year each.
- San Diego Gas & Electric Co 43.63¢ · customers rank #90
- Florida Power & Light Co 5,236,277 customers · price rank #122
Highest average rate is not the most customers
Residential customers for the average-rate #1 and customers #1 utilities among 194 with 100,000 or more residential customers
- FL size
Florida Power & Light Co
5,236,277 residential customers
- CA rate 307,982
San Diego Gas & Electric Co
307,982 residential customers
What this shows San Diego Gas & Electric Co ranks #1 of 194 by average residential cents per kWh (43.63¢, 307,982 customers, customers rank #90). Florida Power & Light Co ranks #1 of 194 by residential customers (5,236,277 customers at 13.71¢, price rank #122). The highest average rate is not the largest customer count.
EIA Form 861 utility filing desk
Release WI-2024 · Madison Gas & Electric Co WELL ABOVE STATE
Madison Gas & Electric Co · Form 861 2024 · WELL ABOVE STATE
- RATE 20.34¢/kWh
- RANK #66/66
- VS-ST +17.1%
- VS-US +18.8%
- CUST 148k
- BILL $1,187
- OWN IOU
- PHOTO NJ 0.08¢
- BOOK 143/194
Nearest Form 861 price peer: Public Service Elec & Gas Co (NJ) (+0.08¢ gap)
EIA Form 861 residential filing stamps for this utility record. Read with this utility → · Wisconsin rates
Madison Gas & Electric Co in the Form 861 price neighbourhood
Average residential ¢/kWh among this utility and nearest indexable peers
- MI
DTE Electric Company
20 ¢/kWh
- CA
City of Riverside - (CA)
20 ¢/kWh
- MD
Delmarva Power
20 ¢/kWh
- this util
Madison Gas & Electric Co
20 ¢/kWh
- NJ
Public Service Elec & Gas Co
20 ¢/kWh
What this shows Madison Gas & Electric Co reports 20.34¢/kWh, corpus customer-rank 143 of 194.
RateWatt cost context
How Madison Gas & Electric Co compares on reported cost context
A weighted comparison, not a tariff quote, reliability grade, service-quality score, or recommendation. Lower price and lower implied annual bill score better against reporting utilities in Wisconsin; the state generation context is shown separately.
- Price against state peers
- 0/100
- Implied annual bill against state peers
- 22/100
- State renewable generation context
- 38/100
20.34¢/kWh · median 13.24¢/kWh
$1,187/yr · median $981/yr
13.1% · median 22.8%
Weights: 50% price, 30% implied annual bill, 20% state renewable-generation context. Unreported inputs are excluded and the remaining weights are redistributed. Price and bill use EIA Form 861 (2024); generation context uses EIA state generation data (2025) and is not attributed to this provider.
Rate comparison
How this price compares
Ranked by price against the 66 utilities reporting residential rates in Wisconsin, Madison Gas & Electric Co comes in last, the highest reported average price in the state. The state's range runs from City of Marshfield - (WI) at 10.07¢ to Madison Gas & Electric Co at 20.34¢, so where a household sits inside Wisconsin depends far more on which utility serves it than on the statewide average alone.
Against the 11 other investor owned utilities reporting in Wisconsin, whose customer-weighted average is 17.74¢, Madison Gas & Electric Co is above its own ownership class within the state (+14.6%).
State price distribution
Where Madison Gas & Electric Co sits among Wisconsin utilities
2024 average residential price across the 66 utilities reporting a rate in Wisconsin
20.34¢/kWh 0th affordability percentile Highest value among 66 reporting utilities
average residential price, equal-width bands
Each bar spans 2¢/kWh. Taller bars contain more utilities; the dashed marker locates this utility. Hover, focus or tap a bar for its exact count and share.
Source EIA Form 861 · 2024
| Benchmark | Price / kWh | Difference |
|---|---|---|
| Madison Gas & Electric Co | 20.34¢ | - |
| Wisconsin (customer-weighted, 66 utilities) | 17.37¢ | +17.1% |
| US Form 861 customer-weighted average (1.5K utilities) | 17.11¢ | +18.8% |
| Investor Owned customer-weighted US avg (183 utilities) | 18.37¢ | +10.7% |
Rate against consumption: Wisconsin utilities
Territory and usage
Scale and consumption
Madison Gas & Electric Co reported 147.5K residential customers, ranking 5th of 66 utilities in Wisconsin by customers served and covering 5.5% of the state's reported residential customers.
Dividing reported residential sales by customers served gives about 5,836 kWh per customer per year - -24.8% against the Wisconsin median of 7,764 kWh , implying a typical annual bill near $1,187.
State peers
Every utility reporting in Wisconsin
All 66 utilities reporting bundled residential service in Wisconsin, largest first, with Madison Gas & Electric Co marked. The named companies either side of it are the ones a household in this state might otherwise be served by.
| Utility | Ownership | Customers | Avg ¢/kWh |
|---|---|---|---|
| Wisconsin Electric Power Co | Investor Owned | 1.0M | 19.23¢ |
| Wisconsin Power & Light Co | Investor Owned | 437.2K | 16.89¢ |
| Wisconsin Public Service Corp | Investor Owned | 411.8K | 16.23¢ |
| Northern States Power Co | Investor Owned | 220.6K | 15.83¢ |
| Madison Gas & Electric Co (this page) | Investor Owned | 147.5K | 20.34¢ |
| Adams-Columbia Electric Coop | Cooperative | 35.9K | 17.63¢ |
| Polk-Burnett Electric Coop | Cooperative | 20.4K | 15.90¢ |
| Barron Electric Coop | Cooperative | 19.3K | 15.72¢ |
| Riverland Energy Cooperative | Cooperative | 19.0K | 16.30¢ |
| Oakdale Electric Coop | Cooperative | 17.0K | 15.87¢ |
| Sun Prairie Utilities | Municipal | 16.6K | 12.13¢ |
| Manitowoc Public Utilities | Municipal | 16.2K | 11.15¢ |
| City of Kaukauna | Municipal | 14.5K | 12.53¢ |
| Scenic Rivers Energy Coop | Cooperative | 13.6K | 15.23¢ |
| Superior Water and Light Co | Investor Owned | 13.1K | 15.44¢ |
| Northwestern Wisconsin Elec Co | Investor Owned | 13.0K | 13.84¢ |
| Wisconsin Rapids W W & L Comm | Municipal | 12.4K | 13.37¢ |
| City of Marshfield - (WI) | Municipal | 11.9K | 10.07¢ |
| Dahlberg Light & Power Co | Investor Owned | 10.9K | 12.62¢ |
| Oconomowoc Utilities | Municipal | 10.0K | 13.75¢ |
| Dunn County Electric Coop | Cooperative | 9.5K | 15.45¢ |
| City of Menasha - (WI) | Municipal | 8.6K | 12.42¢ |
| City of Stoughton - (WI) | Municipal | 8.4K | 12.60¢ |
| City of Sturgeon Bay - (WI) | Municipal | 7.8K | 12.47¢ |
| City of Plymouth - (WI) | Municipal | 7.4K | 11.80¢ |
| Rock Energy Cooperative | Cooperative | 7.3K | 14.47¢ |
| Hartford Electric | Municipal | 7.0K | 11.71¢ |
| City of River Falls | Municipal | 6.7K | 13.28¢ |
| Village of Waunakee - (WI) | Municipal | 6.7K | 11.70¢ |
| Cedarburg Light & Water Comm | Municipal | 6.1K | 12.70¢ |
| Two Rivers Water & Light | Municipal | 5.6K | 12.71¢ |
| East Central Energy | Cooperative | 5.2K | 16.65¢ |
| North Central Power Co Inc | Investor Owned | 5.0K | 15.73¢ |
| City of New Richmond | Municipal | 5.0K | 11.60¢ |
| Shawano Municipal Utilities | Municipal | 4.9K | 12.65¢ |
| Reedsburg Utility Comm | Municipal | 4.8K | 12.08¢ |
| Lake Mills Light & Water | Municipal | 4.1K | 13.86¢ |
| Waupun Utilities | Municipal | 4.0K | 11.84¢ |
| City of Evansville | Municipal | 3.8K | 15.83¢ |
| Village of Mt. Horeb - (WI) | Municipal | 3.7K | 12.24¢ |
| Jefferson Utilities | Municipal | 3.7K | 11.87¢ |
| New London Electric&Water Util | Municipal | 3.5K | 12.29¢ |
| Slinger Utilities | Municipal | 2.6K | 12.07¢ |
| City of Columbus - (WI) | Municipal | 2.5K | 12.34¢ |
| City of Richland Center - (WI) | Municipal | 2.4K | 11.93¢ |
| City of Black River Falls | Municipal | 2.3K | 14.33¢ |
| City of New Holstein - (WI) | Municipal | 2.3K | 13.33¢ |
| Pioneer Power and Light Co | Investor Owned | 2.0K | 17.13¢ |
| Village of Prairie Du Sac - (WI) | Municipal | 1.9K | 11.32¢ |
| Algoma Utility Comm | Municipal | 1.7K | 13.02¢ |
| Waterloo Light & Water Comm | Municipal | 1.6K | 13.92¢ |
| Brodhead Water & Lighting Comm | Municipal | 1.5K | 13.21¢ |
| City of Lodi - (WI) | Municipal | 1.5K | 13.29¢ |
| City of Boscobel - (WI) | Municipal | 1.4K | 10.65¢ |
| Florence Utility Comm | Municipal | 1.4K | 15.54¢ |
| Oconto Falls Water & Light Comm | Municipal | 1.4K | 13.67¢ |
| Hustisford Utilities | Municipal | 1.3K | 13.82¢ |
| Village of New Glarus - (WI) | Municipal | 1.1K | 13.47¢ |
| City of Eagle River - (WI) | Municipal | 1.1K | 14.49¢ |
| City of Westby | Municipal | 1.1K | 11.51¢ |
| City of Cuba City | Municipal | 985 | 11.41¢ |
| Juneau Utility Comm | Municipal | 970 | 11.69¢ |
| Village of Muscoda - (WI) | Municipal | 938 | 10.92¢ |
| Whitehall Electric Utility | Municipal | 778 | 12.30¢ |
| Westfield Electric Company | Investor Owned | 622 | 17.94¢ |
| Consolidated Water Power Co | Investor Owned | 70 | 11.54¢ |
For generation mix and price history statewide, see electricity rates in Wisconsin.
Ownership class peers
Investor Owned utilities with similar residential prices
Beyond Wisconsin, these indexable investor owned utilities report the closest residential averages to Madison Gas & Electric Co in the same Form 861 release. Peer sets differ by ownership class and price, not a shared national list.
| Utility | State | Customers | Avg ¢/kWh |
|---|---|---|---|
| Public Service Elec & Gas Co | New Jersey | 2.0M | 20.42¢ |
| Delmarva Power | Maryland | 172.0K | 20.22¢ |
| DTE Electric Company | Michigan | 2.1M | 20.13¢ |
| Potomac Electric Power Co | Maryland | 485.5K | 20.08¢ |
| Ohio Power Co | Ohio | 550.8K | 19.33¢ |
FAQ
Common questions about Madison Gas & Electric Co rates
- How much does Madison Gas & Electric Co charge per kWh?
- Madison Gas & Electric Co reported an average residential price of 20.34¢ per kWh across its bundled residential customers in the 2024 EIA Form 861 release. That is an annual average across all its residential customers, not a rate schedule, so an individual bill depends on the tariff, usage pattern and season.
- Is Madison Gas & Electric Co expensive compared with the rest of Wisconsin?
- Its average residential price is above the Wisconsin customer-weighted average of 17.37¢ per kWh, a difference of +17.1%. The state figure is weighted by customers across the 66 utilities reporting residential service in Wisconsin.
- What is the average electricity bill for Madison Gas & Electric Co customers?
- Dividing reported residential sales by residential customers gives about 5,836 kWh per customer per year. At the reported average price that implies roughly $1,187 a year, or about $99 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.
- Who owns Madison Gas & Electric Co?
- EIA classifies Madison Gas & Electric Co as Investor Owned, a shareholder-owned company whose retail rates are set through a state regulatory commission. Nationally, the customer-weighted average across Investor Owned utilities was 18.37¢ per kWh in the 2024 Form 861 release.
Limitations
What this page does and does not tell you
- An average across bundled residential customers for the year, revenue divided by sales, not a rate schedule.
- Form 861 presence is not evidence of availability at an address or of customer choice.
See our methodology and why energy prices vary .
Source: U.S. Energy Information Administration (EIA), Form 861 annual electric power industry report, 2024 release. Retrieved and formatted by RateWatt.
Disclaimer: This information is provided for informational purposes only and does not constitute professional or financial advice. Data is sourced from the U.S. Energy Information Administration (EIA). Rates change and averages do not describe any individual account. Consult your utility or a qualified professional before making decisions based on this data.
Every figure on RateWatt is rendered directly from official U.S. Energy Information Administration (EIA) data, no number is typed in by an editor. Average price, customers and sales are reported by EIA Form 861 (2024). Per-customer annual usage, the implied annual bill, the customer-weighted state average, the Form 861 US customer-weighted average, the ownership-class customer-weighted average, and every percentage difference are RateWatt's arithmetic on those reported columns, never the separate EIA retail-sales statewide series. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2025.