Hastings Utilities

About Hastings Utilities

Hastings Utilities is a municipally owned organization. The largest city serviced by Hastings Utilities is Hastings, but the company also supplies electricity in 3 cities in Adams County, Nebraska. A total of 125 industrial customer accounts, 2,326 commercial accounts and 11,396 residential customer accounts receive electricity from the company. Hastings Utilities has an average residential electricity rate of 10.75 cents per kilowatt hour. Fortunately, this is 3.19% less than Nebraska's average rate of 11.10 cents. Of the 708,867 megawatt hours the company sold and dispossessed, 35.20% were through wholesale channels. The electricity sourced by Hastings Utilities is made up of multiple sources of megawatt hours including 621,835 megawatt hours produced by power plants they own and 87,032 megawatt hours purchased via the wholesale electricity market. The total revenue for the company for 2022 from electricity sales was $53,575,300, with 66.95% coming from retail sales to end users and 20.96% from wholesale electricity sales.

The average monthly residential electricity bill for a customer of Hastings Utilities is $88.7 per month, while the Nebraska average is $115.96. Patrons of the supplier pay 20.14% less compared to other residents of Nebraska. Generation plants owned by or associated with Hastings Utilities generate 482,810.1 megawatt hours, which is the 284th highest in the country out of 3517 companies. The supplier is the 6th highest in Nebraska out of 150 providers for megawatt hours generated using natural gas. Electricity production facilities owned or managed by the provider use non-renewable fuel types to generate 99.18% of their total electricity generation, or 478,856.1 megawatt hours. This amount ranks them at 4th out of 150 suppliers in the state.