City of Peabody electricity rates
City of Peabody charges an average of 15.71 cents per kilowatt-hour to residential customers, and the average household on its system paid $112 a month using 715 kilowatt-hours, according to its 2024 filing with the U.S. Energy Information Administration.
Municipal utility ISNE Massachusetts
Where City of Peabody sits
It is a smaller system, serving 22,546 residential customers, which means its fixed costs are spread across a narrow base. At 15.71¢ per kilowatt-hour it is one of the cheaper places to buy electricity in Massachusetts, 45.5% under the statewide average of 28.82¢.
Consumption here is below the national norm at 715 kilowatt-hours a month against 871, which softens the effect of the rate on the final bill.
Owned by the city it serves and governed by a local board rather than the state commission. No shareholder return is built into the rate. 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 | |
|---|---|---|---|
| City of Peabody | 15.71¢ | $112 | 715 |
| Massachusetts average | 28.82¢ | $183 | 603 |
| 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
Where City of Peabody delivers
Its service territory covers one county in Massachusetts.
- Essex
Rooftop solar on this system
42 residential customers had net-metered solar in 2024, totalling 0.32 megawatts. That works out to 1.9 installations per thousand customers, against a median of 8 across the utilities reporting it.
Adoption is below the national median. A low retail rate reduces what solar displaces, and export compensation set at avoided cost rather than the retail rate reduces it further. What exports are actually worth.
Other Massachusetts utilities
| Utility | Rate | Bill | Customers |
|---|---|---|---|
| Massachusetts Electric Co | 33.60¢ | $165 | 526,437 |
| NSTAR Electric Company | 29.91¢ | $137 | 383,373 |
| Town of Reading | 15.86¢ | $125 | 27,405 |
| City of Chicopee | 16.16¢ | $113 | 23,218 |
| Tesla Inc. | 16.10¢ | $76 | 19,248 |
City of Peabody rates: common questions
How much does City of Peabody charge per kilowatt-hour?
An average of 15.71 cents per kilowatt-hour across its residential customers in 2024. That is -45.5% against the Massachusetts average of 28.82¢ and -14.8% 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 City of Peabody bill?
$112 a month, based on total residential revenue divided by residential customers over the 2024 survey year, at an average of 715 kWh a month. The national average bill is $155 at 871 kWh.
Who owns City of Peabody?
It is classified by the EIA as a municipal utility. Owned by the city it serves and governed by a local board rather than the state commission. No shareholder return is built into the rate.
Is City of Peabody expensive compared with other Massachusetts utilities?
It ranks #21 of the 26 Massachusetts utilities covered here, counting from the most expensive. Nationally it ranks #332 of 1369.