Spring City, Utah Electric Utility

About Spring City, Utah Electric Utility

Spring City, Utah Electric Utility is a municipally owned organization providing electricity in Sanpete County, Utah. A total of 616 customers (583 residential properties, 31 commercial customers and 2 industrial accounts) are provided electricity by the supplier. Spring City, Utah Electric Utility bills their consumers a residential electricity rate of 8.47 cents per kilowatt hour on average. Thankfully for their consumers, this rate is lower than both the state and United States average prices of 11.14 and 15.54 cents per kilowatt hour, respectively. In 2019 they sold 92.14% of their total megawatt hours disposed via normal retail sales to end users. Electricity production and wholesale power purchases made up 24.96% and 75.04%, respectively, of the total electricity sourced by the company. Power facilities owned by the company produced 1,162 megawatt hours and an additional 3,494 megawatt hours were acquired on wholesale channels. The total revenue for Spring City, Utah Electric Utility in 2019 was $362,600, which was earned entirely through electricity sales to retail customers.

The average monthly residential electric bill for a consumer of Spring City, Utah Electric Utility is $55.5 per month. Patrons of the company enjoy a 59.00% discount compared to the rest of the United States. The company is not associated with any electricity generation facilities and all of the power that they sell to their customers must be purchased wholesale from other suppliers.