Advance, Indiana Electric Utility

About Advance, Indiana Electric Utility

Advance, Indiana Electric Utility supplies electricity in Boone County, Indiana. Presently, 260 customers receive their electricity from the company. These customers are a mix of 13.08% commercial locations and 86.92% residential properties. On average, Advance, Indiana Electric Utility's residential electricity rate is 13.52 cents per kilowatt hour. Thankfully for their consumers, this price is lower than both the Indiana and US average prices of 15.20 and 16.22 cents per kilowatt hour, respectively. Approximately 4,364 megawatt hours were sold by the company to retail end users in 2019. The electricity sourced by the provider primarily came from megawatt hours that they acquired via the wholesale electricity market. They purchased 4,774 wholesale megawatt hours. Advance, Indiana Electric Utility made $538,300 in 2019, which they earned entirely from electricity sales to end users.

Consumers of the supplier pay an average monthly residential power bill of $190.45. This is 35.16% above the state average of $140.04. The provider currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other suppliers and then resell it at a higher rate to end customers.