Rhode Island · Investor Owned · investor
The Narragansett Electric Co Electricity Rates
Average residential price, customers served and derived annual usage from EIA Form 861, 2024 release.
- 28.26¢
- Avg residential price / kWh
- 332.5K
- Residential customers
- +0.5%
- vs Rhode Island average
- $1,947
- Implied avg annual bill
Among 194 utilities with 100,000 or more residential customers, The Narragansett Electric Co ranks #10 by average cents per kWh and #85 by residential customers. The Narragansett Electric Co charged an average of 28.26¢ per kWh to residential customers in 2024 - close to the Rhode Island average and far 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. The Narragansett 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 close to the Rhode Island customer-weighted average (+0.5%). Its customers used below the national residential norm at about 6,891 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 RI-2024 · The Narragansett Electric Co NEAR STATE
The Narragansett Electric Co · Form 861 2024 · NEAR STATE
- RATE 28.26¢/kWh
- RANK #6/8
- VS-ST +0.5%
- VS-US +65.2%
- CUST 333k
- BILL $1,947
- OWN IOU
- PHOTO ME 0.18¢
- BOOK 85/194
Nearest Form 861 price peer: Versant Power (ME) (-0.18¢ gap)
EIA Form 861 residential filing stamps for this utility record. Read with this utility → · Rhode Island rates
The Narragansett Electric Co in the Form 861 price neighbourhood
Average residential ¢/kWh among this utility and nearest indexable peers
- CA
Sunrun Inc.
26 ¢/kWh
- ME
Versant Power
28 ¢/kWh
- this util
The Narragansett Electric Co
28 ¢/kWh
- CT
Connecticut Light & Power Co
29 ¢/kWh
- MA
NSTAR Electric Company
30 ¢/kWh
What this shows The Narragansett Electric Co reports 28.26¢/kWh, corpus customer-rank 85 of 194.
RateWatt cost context
How The Narragansett 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 Rhode Island; the state generation context is shown separately.
- Price against state peers
- 29/100
- Implied annual bill against state peers
- 14/100
- State renewable generation context
- 34/100
28.26¢/kWh · median 24.84¢/kWh
$1,947/yr · median $1,755/yr
12.9% · 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 8 utilities reporting residential rates in Rhode Island, The Narragansett Electric Co comes 6th of 8. The state's range runs from Pascoag Utility District at 16.52¢ to Palmetto Solar, LLC at 56.43¢, so where a household sits inside Rhode Island depends far more on which utility serves it than on the statewide average alone.
State price distribution
Where The Narragansett Electric Co sits among Rhode Island utilities
2024 average residential price across the 8 utilities reporting a rate in Rhode Island
28.26¢/kWh 29th affordability percentile More affordable than 29% of 7 other 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 |
|---|---|---|
| The Narragansett Electric Co | 28.26¢ | - |
| Rhode Island (customer-weighted, 8 utilities) | 28.12¢ | +0.5% |
| US Form 861 customer-weighted average (1.5K utilities) | 17.11¢ | +65.2% |
| Investor Owned customer-weighted US avg (183 utilities) | 18.37¢ | +53.9% |
Rate against consumption: Rhode Island utilities
Territory and usage
Scale and consumption
The Narragansett Electric Co reported 332.5K residential customers, ranking 1st of 8 utilities in Rhode Island by customers served and covering 96.6% of the state's reported residential customers.
Dividing reported residential sales by customers served gives about 6,891 kWh per customer per year - -1.6% against the Rhode Island median of 7,002 kWh , implying a typical annual bill near $1,947.
State peers
Every utility reporting in Rhode Island
All 8 utilities reporting bundled residential service in Rhode Island, largest first, with The Narragansett 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 |
|---|---|---|---|
| The Narragansett Electric Co (this page) | Investor Owned | 332.5K | 28.26¢ |
| Pascoag Utility District | Municipal | 4.4K | 16.52¢ |
| Sunrun Inc. | Behind the Meter | 3.3K | 26.92¢ |
| Sunnova | Behind the Meter | 2.2K | 22.75¢ |
| Block Island Utility District | Political Subdivision | 1.6K | 39.66¢ |
| Tesla Inc. | Behind the Meter | 95 | 22.31¢ |
| EverBright, LLC | Behind the Meter | 81 | 20.80¢ |
| Palmetto Solar, LLC | Behind the Meter | 2 | 56.43¢ |
For generation mix and price history statewide, see electricity rates in Rhode Island.
Ownership class peers
Investor Owned utilities with similar residential prices
Beyond Rhode Island, these indexable investor owned utilities report the closest residential averages to The Narragansett 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 |
|---|---|---|---|
| Versant Power | Maine | 130.6K | 28.08¢ |
| Connecticut Light & Power Co | Connecticut | 924.1K | 28.51¢ |
| NSTAR Electric Company | Massachusetts | 383.4K | 29.91¢ |
| Central Hudson Gas & Elec Corp | New York | 229.6K | 25.14¢ |
| Southern California Edison Co | California | 3.2M | 32.43¢ |
FAQ
Common questions about The Narragansett Electric Co rates
- How much does The Narragansett Electric Co charge per kWh?
- The Narragansett Electric Co reported an average residential price of 28.26¢ 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 The Narragansett Electric Co expensive compared with the rest of Rhode Island?
- Its average residential price is close to the Rhode Island customer-weighted average of 28.12¢ per kWh, a difference of +0.5%. The state figure is weighted by customers across the 8 utilities reporting residential service in Rhode Island.
- What is the average electricity bill for The Narragansett Electric Co customers?
- Dividing reported residential sales by residential customers gives about 6,891 kWh per customer per year. At the reported average price that implies roughly $1,947 a year, or about $162 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.
- Who owns The Narragansett Electric Co?
- EIA classifies The Narragansett 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 comparing utility costs across states .
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.