Spruce Finance electricity rates
Spruce Finance charges an average of 14.86 cents per kilowatt-hour to residential customers, and the average household on its system paid $85 a month using 569 kilowatt-hours, according to its 2024 filing with the U.S. Energy Information Administration.
Behind the Meter ISNE Massachusetts
Where Spruce Finance sits
It is a smaller system, serving 3,401 residential customers, which means its fixed costs are spread across a narrow base. At 14.86¢ per kilowatt-hour it is one of the cheaper places to buy electricity in Massachusetts, 48.4% under the statewide average of 28.82¢.
Its customers use very little electricity by national standards, 569 kilowatt-hours a month against 871 nationally. Dense housing, a mild climate or heating that runs on gas rather than electricity all push consumption down, and any of them can leave a household with a modest bill despite a high 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 | |
|---|---|---|---|
| Spruce Finance | 14.86¢ | $85 | 569 |
| 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
Other Massachusetts utilities
| Utility | Rate | Bill | Customers |
|---|---|---|---|
| Massachusetts Electric Co | 33.60¢ | $165 | 526,437 |
| NSTAR Electric Company | 29.91¢ | $137 | 383,373 |
| Nantucket Electric Co | 35.11¢ | $283 | 2,055 |
| EverBright, LLC | 21.09¢ | $138 | 1,401 |
| SunPower Capital, LLC | 19.95¢ | $133 | 1,363 |
Spruce Finance rates: common questions
How much does Spruce Finance charge per kilowatt-hour?
An average of 14.86 cents per kilowatt-hour across its residential customers in 2024. That is -48.4% against the Massachusetts average of 28.82¢ and -19.4% 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?
$85 a month, based on total residential revenue divided by residential customers over the 2024 survey year, at an average of 569 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 Massachusetts utilities?
It ranks #23 of the 26 Massachusetts utilities covered here, counting from the most expensive. Nationally it ranks #446 of 1369.