Electricity Rates in Tennessee
Electricity Rates, Plans & Statistics
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Electricity Companies & Statistics in Tennessee
- Population see rank7,051,339
- Total Production see rank80,940,678 MWh / 11.48 MWh per capita
- Total Consumption see rank99,976,847 MWh / 14.18 MWh per capita
- Total Production from Renewable see rank10,564,521 MWh / 1.5 MWh per capita
- CO2 Emissions from Consumption see rank30,399,878,486 kg / 4,311.22 kg per capita
- Total Production from Non-Renewable see rank70,376,157 MWh / 9.98 MWh per capita
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Average Residential Electricity Bills & Rates in Tennessee
Tennessee residential electric rates are highest in August and the highest average bill is in August.
Historical Electricity Rates:
Tennessee Electricity Fuel Mix
Tennessee's Electricity Prices and Usage
The average residential electricity rate in Tennessee in 2024 is 12.30 cents per kilowatt hour, which is 23.68% less than the national average rate of 16.12 cents.. While there are 83 electricity providers who operate in Tennessee, the electricity market is regulated and residents only have one or two supplier choices determined by their home address. Producing 11.48 megawatt hours per citizen, Tennessee ranks as the 31st highest per capita producer of electricity in the US. There is a deficiency of 19036169.312999994 megawatt hours in the state due to the fact that citizens are using 23.52% more electricity than is produced. This leads to the necessity to import extra megawatt hours from outside of the state. Over the last 12 months, Tennessee has accomplished a 5.73% rise in electricity generation using renewable fuel types rather than traditional fossil fuels such as natural gas. Consumers in the state have an average monthly residential power bill of $143.68 per month. The nationwide average monthly bill is $138.02.
Residential Electricity Providers in Tennessee
Provider | Service Type | Residential Rate (¢) | Residential Average Bill ($) | Residential Sales (MWh) | Residential Revenues ($) | State Production (MWh) |
---|---|---|---|---|---|---|
Memphis Light, Gas and Water | BUNDLED | 11.76 | 135.72 | 5,180,180.94 | 609,058,903 | |
Nashville Electric Service | BUNDLED | 13.37 | 133.5 | 4,866,818 | 650,693,000 | 2,756 |
Middle Tennessee Electric | BUNDLED | 11.46 | 141.28 | 4,411,367 | 505,616,000 | |
Knoxville Utilities Board | BUNDLED | 12.24 | 131.39 | 2,456,927 | 300,794,000 | |
EPB Chattanooga | BUNDLED | 12.07 | 130.89 | 2,091,929 | 252,527,000 | |
Cumberland Electric | BUNDLED | 12.63 | 171.31 | 1,592,284 | 201,177,000 | |
Volunteer Electric Cooperative | BUNDLED | 11.78 | 136.16 | 1,431,560 | 168,617,000 | |
Duck River Electric | BUNDLED | 12.22 | 162.91 | 1,122,378 | 137,112,000 | |
CDE Lightband | BUNDLED | 12.30 | 135.9 | 978,740 | 120,393,000 | |
BrightRidge | BUNDLED | 12.44 | 141.08 | 970,180 | 120,698,000 |
Commercial Electricity Providers in Tennessee
Provider | Service Type | Commercial Rate (¢) | Commercial Average Bill ($) | Commercial Sales (MWh) | Commercial Revenues ($) | State Production (MWh) |
---|---|---|---|---|---|---|
Memphis Light, Gas and Water | BUNDLED | 11.64 | 1,358.56 | 5,977,839.71 | 695,991,400 | |
Nashville Electric Service | BUNDLED | 11.97 | 1,297.67 | 5,908,872 | 707,567,000 | 2,756 |
Middle Tennessee Electric | BUNDLED | 11.16 | 792.57 | 3,065,000 | 342,161,000 | |
Knoxville Utilities Board | BUNDLED | 11.59 | 873.62 | 2,282,628 | 264,627,000 | |
EPB Chattanooga | BUNDLED | 11.68 | 825.01 | 2,078,652 | 242,791,000 | |
Sevier County Electric | BUNDLED | 11.72 | 389.03 | 1,008,527.97 | 118,193,657.41 | |
Lenoir City Utilities Board | BUNDLED | 11.54 | 499.4 | 726,263 | 83,798,000 | |
BrightRidge | BUNDLED | 11.35 | 575.94 | 717,477 | 81,416,000 | |
Volunteer Electric Cooperative | BUNDLED | 12.32 | 271.38 | 604,690 | 74,481,000 | |
CDE Lightband | BUNDLED | 11.87 | 610.12 | 564,664 | 67,015,000 |
Power Plants in Tennessee
Plant | City/County | Primary Fuel Type | Production (MWh) | Emission (KG) | Emissions/MWh (KG/MWh) | Toxic Chemical Release | Closing Date |
---|---|---|---|---|---|---|---|
Watts Bar Nuclear PlantTennessee Valley Authority (100.00%) | Rhea County | Nuclear | 19,073,625 | ||||
Hamilton County | Nuclear | 19,011,070 | |||||
Cumberland (TN)Tennessee Valley Authority (100.00%) | Cumberland City | Coal | 8,845,318 | 8,790,687,190.26 | 993.82 | 12/2028 | |
Memphis | Natural Gas | 5,849,528 | 2,025,662,473.66 | 346.3 | |||
John SevierTennessee Valley Authority (100.00%) | Hawkins County | Natural Gas | 3,996,993 | 1,519,229,095.16 | 380.09 | ||
Gallatin (TN)Tennessee Valley Authority (100.00%) | Sumner County | Coal | 3,754,440.01 | 4,016,994,032.14 | 1,069.93 | 12/2031 | |
Lagoon CreekTennessee Valley Authority (100.00%) | Haywood County | Natural Gas | 3,635,651 | 1,355,667,649.14 | 372.88 | ||
Roane County | Coal | 2,856,381.02 | 3,336,375,423.25 | 1,168.04 | 12/2027 | ||
Tennessee Eastman OperationsEastman Chemical Company (100.00%) | Kingsport | Natural Gas | 1,012,224 | 386,627,827.94 | 381.96 | ||
Anderson County | Coal | 755,288.01 | 791,670,056.02 | 1,048.17 | 12/2023 |
There are 2 Nuclear Power Plants in Tennessee
Plant | City/County | Primary Fuel Type | Production (MWh) | Emission (KG) | Emissions/MWh (KG/MWh) | Toxic Chemical Release | Closing Date |
---|---|---|---|---|---|---|---|
Watts Bar Nuclear PlantTennessee Valley Authority (100.00%) | Rhea County | Nuclear | 19,073,625 | ||||
Hamilton County | Nuclear | 19,011,070 |
Quick Facts
There was a 1.24% decrease in CO2 emissions per capita over the preceding year in the state of Tennessee.
Tennessee's population has risen by 1.09% in the last 12 months.
Tennessee ranks 6th in hydroelectric power generation, producing 9,023,658.5 megawatt hours each year from hydroelectric facilities.
Tennessee is the 25th worst polluting state based on emissions per capita. The state emits 4,311.22 kilograms per person per year of CO2 gases.
Tennessee generates 9.98 megawatt hours of electricity per person in the state from non-renewable electricity sources. They are the 29th highest state in the nation for non-renewable production per capita.
When calculating by customer count, Nashville Electric Service is the largest supplier in Tennessee.
FAQ: Common Questions About Electricity in Tennessee
How much does electricity cost in Tennessee?
Anything below the Tennessee average of 12.30 cents per kilowatt hour is a good electricity rate. The rates in the state range from 10.60 cents to 14.03 cents per kilowatt hour, with Bristol TN Electric currently having the lowest rates.
Does Tennessee have a deregulated electricity market?
Tennessee has a regulated electricity market, rather than a deregulated market. This means that citizens in the state normally have only one or two electricity provider options to choose from due to state legislation.
Where does Tennessee get its electricity?
Nuclear is the primary fuel source used for electricity generation in Tennessee, making up 47.05% of production. Coal and Natural Gas also make up 20.18% and 19.59% respectively.
How many electric companies offer service in Tennessee?
There are 83 electricity companies serving consumers in Tennessee.
What electricity companies are in Tennessee?
State Customers Rank | Provider | State Customers |
---|---|---|
1 | Nashville Electric Service | 451,683 |
2 | Memphis Light, Gas and Water | 416,746 |
3 | Middle Tennessee Electric | 334,261 |
4 | Knoxville Utilities Board | 216,042 |
5 | EPB Chattanooga | 185,360 |
6 | Volunteer Electric Cooperative | 126,083 |
7 | Cumberland Electric | 109,582 |
8 | Duck River Electric | 83,517 |
9 | BrightRidge | 83,088 |
10 | CDE Lightband | 82,978 |
What is the average electric bill in Tennessee?
The average electricity bill in the state of Tennessee in 2024 is $144 while the national average is $138.
Which electricity company is the largest provider in Tennessee?
By total revenue, Nashville Electric Service is the largest electricity company in Tennessee.
How many power plants are located within Tennessee?
Tennessee is home to 30 active electricity plants generating electricity for the state.
What is the cheapest electricity company in Tennessee?
Residential Rate Rank | Provider | Residential Rate (¢) | State Customers |
---|---|---|---|
1 | Bristol TN Electric | 10.60 | 34,270 |
2 | New Bern Electric | 10.80 | 1,827 |
3 | Tullahoma Utilities | 11.25 | 11,060 |
4 | Covington, Tennessee Electric Utility | 11.29 | 4,670 |
5 | Chickasaw Electric Cooperative | 11.35 | 22,113 |
6 | Brownsville Utility | 11.35 | 5,346 |
7 | Springfield TN Electric | 11.36 | 8,752 |
8 | Weakley County Municipal Electric System | 11.40 | 20,526 |
9 | McMinnville Electric | 11.41 | 8,097 |
10 | Sevier County Electric | 11.44 | 60,198 |