Spruce Finance electricity rates
Spruce Finance charges an average of 16.33 cents per kilowatt-hour to residential customers, and the average household on its system paid $103 a month using 632 kilowatt-hours, according to its 2024 filing with the U.S. Energy Information Administration.
Behind the Meter ISNE Connecticut
Where Spruce Finance sits
It is a smaller system, serving 1,848 residential customers, which means its fixed costs are spread across a narrow base. At 16.33¢ per kilowatt-hour it is one of the cheaper places to buy electricity in Connecticut, 40.3% under the statewide average of 27.37¢.
Consumption here is below the national norm at 632 kilowatt-hours a month against 871, which softens the effect of the rate on the final bill.
That matters because a bill is not only the cost of generating electricity: it also carries the cost of the network, and who owns that network changes how it is paid for.
| Rate | Monthly bill | Monthly kWh | |
|---|---|---|---|
| Spruce Finance | 16.33¢ | $103 | 632 |
| Connecticut average | 27.37¢ | $203 | 709 |
| United States average | 18.44¢ | $155 | 871 |
Utility figures: U.S. Energy Information Administration, Form EIA-861 annual electric power industry report, 2024. State and national figures: Electric Power Monthly, May 2026. Methodology
Other Connecticut utilities
| Utility | Rate | Bill | Customers |
|---|---|---|---|
| Connecticut Light & Power Co | 28.51¢ | $187 | 924,132 |
| United Illuminating Co | 34.04¢ | $185 | 256,302 |
| Tesla Inc. | 17.11¢ | $81 | 8,450 |
| SunPower Capital, LLC | 18.03¢ | $161 | 3,506 |
| Bozrah Light & Power Company | 19.33¢ | $161 | 2,434 |
Spruce Finance rates: common questions
How much does Spruce Finance charge per kilowatt-hour?
An average of 16.33 cents per kilowatt-hour across its residential customers in 2024. That is -40.3% against the Connecticut average of 27.37¢ and -11.4% against the national average of 18.44¢. It is an all-in average across every residential rate schedule the utility offers, not a specific tariff.
What is the average Spruce Finance bill?
$103 a month, based on total residential revenue divided by residential customers over the 2024 survey year, at an average of 632 kWh a month. The national average bill is $155 at 871 kWh.
Who owns Spruce Finance?
It is classified by the EIA as a behind the meter.
Is Spruce Finance expensive compared with other Connecticut utilities?
It ranks #10 of the 11 Connecticut utilities covered here, counting from the most expensive. Nationally it ranks #259 of 1369.