Spruce Finance electricity rates
Spruce Finance charges an average of 18.53 cents per kilowatt-hour to residential customers, and the average household on its system paid $105 a month using 566 kilowatt-hours, according to its 2024 filing with the U.S. Energy Information Administration.
Behind the Meter ISNE New York
Where Spruce Finance sits
It is a smaller system, serving 5,636 residential customers, which means its fixed costs are spread across a narrow base. At 18.53¢ per kilowatt-hour it is one of the cheaper places to buy electricity in New York, 38.1% under the statewide average of 29.93¢.
Its customers use very little electricity by national standards, 566 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 | 18.53¢ | $105 | 566 |
| New York average | 29.93¢ | $164 | 590 |
| 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 New York utilities
| Utility | Rate | Bill | Customers |
|---|---|---|---|
| Consolidated Edison Co-NY Inc | 35.66¢ | $130 | 2.7 million |
| Niagara Mohawk Power Corp. | 17.22¢ | $110 | 1.4 million |
| Sunnova | 28.79¢ | $171 | 5,852 |
| Village of Solvay | 6.49¢ | $67 | 4,680 |
| FirstEnergy Pennsylvania Electric Co | 15.14¢ | $114 | 3,355 |
Spruce Finance rates: common questions
How much does Spruce Finance charge per kilowatt-hour?
An average of 18.53 cents per kilowatt-hour across its residential customers in 2024. That is -38.1% against the New York average of 29.93¢ and +0.5% 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?
$105 a month, based on total residential revenue divided by residential customers over the 2024 survey year, at an average of 566 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 New York utilities?
It ranks #10 of the 19 New York utilities covered here, counting from the most expensive. Nationally it ranks #130 of 1369.