What to know about electricity rates in New Castle, DE

  • New Castle residents pay 13.49 cents per kWh while the average national rate is 16.22 cents
  • The cheapest electricity rate is 11.12 cents per kWh for New Castle residents
  • You can shop rates from 18 available providers in New Castle

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Best New Castle, DE electricity rates

In the city of New Castle, you can find electricity rates that range from 11.12 cents to 24.37 cents per kWh. The best electricity plans in New Castle for you depend on how much power you use and when you use it. Comparing companies is the best way to find better rates. Below are some rates from popular electric companies in New Castle.

What is the cheapest electricity company in New Castle, DE?

Provider Service Rate (¢/kWh)
Constellation Energy Energy 10.23
Rushmore Energy Energy 10.54
Ambit Energy Energy 11.53
CleanSky Energy Energy 11.87
Inspire Energy Energy 12.07
WGL Energy Energy 12.10
Direct Energy Energy 12.25
Greenlight Energy Energy 12.93
New Castle Municipal Services Commission Bundled 14.88
Spark Energy Energy 14.94

Because Delaware has a deregulated electricity market, New Castle residents have the flexibility to shop around for a cheaper electricity bill. Many states don’t offer this choice. If you’re looking to reduce your energy bill, consider switching to a different provider or plan. New Castle electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.

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Average cost of electricity in New Castle, Delaware

According to our data, the average electricity rate in New Castle is 13.49 cents per kWh. This equates to an average residential bill of $96.56 per month. Our data also shows the average resident in New Castle uses 716 kWh per month. Below, you can see how New Castle's electricity rates compare to the averages in Delaware and the United States.

Rate Usage Bill
New Castle Average 13.49¢ 716 kWh $96.56
Delaware Average 16.57¢ 1,133 kWh $152.86
United States Average 16.22¢ 884 kWh $143.38

Since the average price is 13.49 cents per kWh or $96.56 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in New Castle, Delaware depend on your home size and usage, so the kWh rate is more useful when comparing your rate to the average.

Best electricity plans

We've analyzed the prices, terms, and conditions of popular New Castle electricity plans. Below are our picks for the best residential plans in the state.

Provider Contract Term Rate Plan
12 months 9.02¢/kWh See Plan
12 months 9.40¢/kWh See Plan
24 months 9.49¢/kWh See Plan
12 months 9.69¢/kWh See Plan
24 months 10.00¢/kWh See Plan
See All Plans

Compare New Castle electricity providers

There are 18 electricity providers in New Castle, DE. While some providers only serve specific areas, you have multiple options for electricity wherever you are. Different providers can offer different specials, plan types, and sales throughout the year. However, always read the fine print of the energy plans you consider to avoid hidden penalties.

Residential Electricity Providers in New Castle

Provider Service Type Rate (¢/kWh) Bill
Constellation Energy Energy 10.23 $105.51
Rushmore Energy Energy 10.54 $84.74
Ambit Energy Energy 11.53 $120.77
CleanSky Energy Energy 11.87 $64.61
Inspire Energy Energy 12.07 $106.53
WGL Energy Energy 12.10 $104.24
Direct Energy Energy 12.25 $121.52
Greenlight Energy Energy 12.93 $96.13
New Castle Municipal Services Commission Bundled 14.88 $116.60
Spark Energy Energy 14.94 $147.14
Showing 10 of 18 providers

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Business electricity rates in New Castle, DE

Commercial rates are typically cheaper than residential rates in New Castle, Delaware because businesses consume a lot of energy. This means they get a volume discount on electricity. Think about how much power a corner store might use to run HVAC, refrigeration, security systems, lighting, and computers. It adds up. Our data shows the average business in New Castle pays 11.46 cents per kWh for electricity and has an average bill of $123,722 per month. They also use 10,800 kWh per month, which is a big increase from the residential average of 716 kWh.

Rate Usage Bill
New Castle Average 11.46¢ 10,800 kWh $1,237.22
Delaware Average 15.43¢ 2,788 kWh $430.08
United States Average 12.14¢ 5,654 kWh $686.54

Finding ways to reduce overhead costs is essential as a business owner. You have the opportunity to do that in a deregulated electricity market. Even reducing your electricity by one or two cents per kWh can make a huge difference when you have a high monthly bill. Compare commercial electricity rates to find the plan that makes the most sense for your business.

Best commercial electricity plans

Below are the top commercial electricity plans in New Castle, Delaware.

Provider Contract Term Rate Plan
12 months 6.456¢/kWh See Plan
18 months 6.625¢/kWh See Plan
24 months 6.748¢/kWh See Plan
30 months 6.881¢/kWh See Plan
12 months 6.951¢/kWh See Plan
36 months 6.963¢/kWh See Plan
18 months 7.213¢/kWh See Plan
24 months 7.273¢/kWh See Plan
30 months 7.465¢/kWh See Plan
36 months 7.491¢/kWh See Plan
6 months 7.654¢/kWh See Plan
12 months 7.697¢/kWh See Plan
12 months 7.709¢/kWh See Plan
12 months 7.760¢/kWh See Plan
18 months 7.900¢/kWh See Plan
18 months 7.902¢/kWh See Plan
12 months 7.933¢/kWh See Plan
18 months 7.938¢/kWh See Plan
12 months 7.947¢/kWh See Plan
12 months 7.959¢/kWh See Plan
24 months 7.984¢/kWh See Plan
24 months 8.001¢/kWh See Plan
24 months 8.039¢/kWh See Plan
18 months 8.139¢/kWh See Plan
18 months 8.150¢/kWh See Plan
18 months 8.152¢/kWh See Plan
12 months 8.183¢/kWh See Plan
12 months 8.197¢/kWh See Plan
12 months 8.209¢/kWh See Plan
24 months 8.228¢/kWh See Plan
36 months 8.231¢/kWh See Plan
24 months 8.234¢/kWh See Plan
24 months 8.251¢/kWh See Plan
36 months 8.299¢/kWh See Plan
36 months 8.323¢/kWh See Plan
18 months 8.389¢/kWh See Plan
18 months 8.400¢/kWh See Plan
18 months 8.402¢/kWh See Plan
12 months 8.433¢/kWh See Plan
24 months 8.478¢/kWh See Plan
24 months 8.484¢/kWh See Plan
24 months 8.501¢/kWh See Plan
36 months 8.549¢/kWh See Plan
36 months 8.556¢/kWh See Plan
36 months 8.573¢/kWh See Plan
18 months 8.639¢/kWh See Plan
6 months 8.720¢/kWh See Plan
24 months 8.728¢/kWh See Plan
12 months 8.757¢/kWh See Plan
36 months 8.799¢/kWh See Plan
36 months 8.806¢/kWh See Plan
36 months 8.823¢/kWh See Plan
18 months 8.896¢/kWh See Plan
24 months 8.993¢/kWh See Plan
36 months 9.056¢/kWh See Plan
30 months 9.205¢/kWh See Plan
36 months 9.308¢/kWh See Plan
See All Plans

How to switch your New Castle electricity provider

While switching electricity suppliers in New Castle might seem intimidating, the state's deregulated energy market allows you to choose from multiple providers and potentially secure better rates.

To switch providers, first verify your current contract's status and compare available rates from suppliers like NRG, Clearview Energy, and NextEra Energy.

You'll need to:

  • Review contract terms and lengths (3-36 months)
  • Consider renewable energy options
  • Check for additional fees
  • Sign a Letter of Authorization

The switch won't interrupt your service, and your new supplier will handle the transfer with your utility company.

Your new rate will take effect in the next billing cycle.

Best time to switch electric companies in New Castle, Delaware?

Since energy rates and market conditions fluctuate throughout the year, timing your switch to a new New Castle electricity provider can greatly impact your potential savings.

The best times to switch in New Castle typically include:

  • Before peak seasons (summer/winter) when you can lock in lower rates
  • When your current contract is nearing expiration
  • During off-peak months when providers offer competitive promotions
  • After comparing rates during market downturns

Consider your personal circumstances, such as:

  • Changes in household energy consumption
  • Budget requirements
  • Need for different plan features
  • Moving to a new residence
  • Dissatisfaction with current provider's service

Always check contract terms and early termination fees before making the switch.

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New Castle's deregulated electricity market

After Delaware deregulated its electricity market in 1999, the state transformed how residents and businesses purchase their power.

The system now operates with three distinct components:

  • Generation: Power companies produce electricity and sell it in the wholesale market
  • Transmission: Utilities maintain the high-voltage power lines that transport electricity
  • Distribution: Local utilities like Delmarva Power deliver electricity to your home

Many retail suppliers compete for your business and offer various rate plans. If you don't select a supplier, you'll automatically receive default service through your utility provider.

The Public Service Commission continues to regulate distribution services, ensuring reliable power delivery.

Types of electricity plans in New Castle, DE

New Castle residents can choose from several electricity plan options that match their energy needs and budget preferences.

Each plan type offers distinct advantages:

  • Fixed-rate plans: You'll get consistent rates throughout your contract term, making budgeting easier. However, early termination fees may apply.
  • Green energy plans: You can power your home with 100% renewable sources while supporting Delaware's clean energy goals.
  • Time-of-use plans: You'll pay different rates based on when you use electricity, with lower costs during off-peak hours.
  • Variable-rate/prepaid plans: You'll have flexibility without long-term commitments, though rates may fluctuate monthly based on market conditions.

Compare New Castle electricity rates

Compare New Castle electricity rates to save money and avoid overpaying in the deregulated market. Bills can vary greatly, with rates between 11 to 24 cents per kWh across different providers and plan structures. Take the time to read the fine print and do the math to figure out which is your best option.

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Electricity rates for cities near New Castle, Delaware

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New Castle, DE electricity rate FAQs

What is a good rate per kWh in New Castle?

In New Castle, Delaware, a good electricity rate falls between 12 cents to 14 cents per kWh. Tired of high bills? Shop during spring and fall to lock in lower prices before HVAC use spikes in the summer or winter.

What are electric rates in New Castle today?

New Castle electricity rates currently average 13.49 cents per kWh, but you'll likely pay between 11 to 15 cents depending on your provider, location, and plan type.

Why is electricity so expensive in New Castle, DE right now?

New Castle electricity costs are rising due to massive wholesale price increases from PJM auctions. Customers see higher bills because utilities pass these inflated costs directly to you.

Will electricity get cheaper in the future?

Electricity rates fluctuate due to energy demand, fuel costs, grid infrastructure, and regulatory policies. While short-term declines may occur, long-term trends often show increases due to inflation, grid modernization, and shifts to renewable energy.