According to the most recent information from the U.S. Energy Information Administration, for the month of September, 2018, Kentucky had the 7th lowest average residential electric rate in the nation at 10.70 cents per kilowatt hour (kWh). The overall average residential electric rate for all 52 states was 13.01 cents per kWh. For this same month, the HES residential electric rate was 8.801 cents per kWh, which was 18% lower than the average residential electric rate in Kentucky and a whopping 32% lower than the average U.S. residential electric rate.
Hopkinsville Electric System (HES) is a municipal public power system. That means HES is a not-for-profit corporation whose primary purpose is to provide electricity to the residents and businesses of Hopkinsville. Because HES is not a publicly owned company, we are not beholden to shareholders, nor required to pay dividends. Our rates are set only high enough to maintain the fiscal health and operational stability of the utility for the residents of Hopkinsville.
HES is fortunate to purchase low-cost power from the Tennessee Valley Authority (TVA). TVA is a federally-owned corporation which generates electricity using hydro-electric dams, coal, natural gas and nuclear plants, as well as from green energy sources such as solar, wind and biomass. TVA also serves as the regulator for HES, approving all policies and rates.
All in all, the residents of Hopkinsville enjoy some of the lowest electric rates in the nation. HES is proud of its legacy of keeping rates low for the benefit of our customers and works hard daily to continue this tradition.
For more detailed information about HES residential electric rates, and a comparison to the residential electric rates throughout the U.S., click here. For information on ways to reduce your electric usage and lower your bill, hover over the “Energy Efficiency” tab at the upper right portion of this website.