HES purchases all of its electricity from the Tennessee Valley Authority (TVA). This is fortunate because TVA provides some of the most affordable electricity in the U.S. In addition, HES has some of the most affordable electric rates in the western Kentucky region. All HES electric rates must be approved by TVA, who serves as the regulatory agency for HES.
Residential Rate (Effective 2/1/2023)
|Base Kilowatt-hour Charge||$.06153|
|TVA Total Monthly Fuel Cost Charge- Subject to monthly adjustment based on current fuel prices||$.03542|
|Total Kilowatt-hour Charge||$.09695|
U.S. Residential Electric Rate Comparison
As reported by the U.S. Energy Information Administration1, Kentucky has some of the lowest residential electric rates in the nation. Show below are the average residential electric rates for Kentucky and its bordering states. Also included are a few states with the highest residential electric rates in the nation as a way of comparison.
All Rates Listed Below are Residential Electric Rates for the month of May, 2021.
Bordering States- Average Rate in Cents per kWh
W. Virginia- 12.57
Highest States- Average Rate in Cents per kWh
Rhode Island- 20.80