Electricity prices in Richmond, KY
Households in Richmond pay 13.8¢/kWh (Kentucky average), about $152 a month for 1,103 kWh a month, the Kentucky household average.
Monthly electricity bill by consumption
| Consumption | Per month | Per year |
|---|---|---|
| 500 kWh a month | $69 | $828 |
| 1,000 kWh a month | $138 | $1,656 |
| 1,500 kWh a month | $207 | $2,484 |
| 2,000 kWh a month | $276 | $3,312 |
At 13.8¢/kWh, the average household price including taxes and fixed charges (August 2026). Small households usually pay a little more per kWh, large ones a little less.
Business electricity in Richmond
Commercial customers pay 12.1¢/kWh and industrial customers 7.4¢/kWh (Kentucky average).
Home running costs in Richmond
In Richmond, running an 860 sq ft home costs on average $95 a month excluding rent – 14% more expensive than the US average.
Monthly cost breakdown
Default home: 860 sq ft, 2 people, 2,500 kWh electricity a year.
Richmond compared with the average for the United States
Your biggest saving opportunity
Switching from a gas boiler to a heat pump would cut heating costs in Richmond by about $496 a year at today's prices.
Gas boiler vs heat pump calculator · Monthly home running cost calculator
Heating need through the year
Heating with a gas boiler: about 6,534 kWh a year at 12.2¢/kWh.
Solar potential in Richmond
1 kWp of solar panels produces about 1,384 kWh a year here. ($191 per year)
Not yet available for Richmond: Water.
How we calculate this
Electricity: average residential price per kWh in the state (August 2026). Heating: heating degree days for the location × floor area × building factor, priced with the gas boiler cost (state residential natural gas price). Water and rent are added when official data is available. Methodology
Nearby cities
More cities in Kentucky
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