Advance, Indiana Electric Utility

Electricity Rates, Plans & Statistics

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About Advance, Indiana Electric Utility

Advance, Indiana Electric Utility supplies electricity in Boone County, Indiana. Presently, 275 customers receive their electricity from the company. These customers are a mix of 12.00% commercial locations and 88.00% residential properties. On average, Advance, Indiana Electric Utility's residential electricity rate is 12.72 cents per kilowatt hour. Thankfully for their consumers, this price is lower than both the Indiana and US average prices of 13.96 and 14.11 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 $159.1. This is 22.35% above the state average of $130.94. 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.

Advance, Indiana Electric Utility Rate & Electric Bills

Advance, Indiana Electric Utility residential electric rates are highest in January and the highest average bill is in March.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.127/kWh$0.122/kWh$159.49/mo.$159.10/mo.
1780th12.72¢Advance, Indiana Electric Utility's Average residential price per kWh
2717th$159.1Average monthly electricity bill for Advance, Indiana Electric Utility's residential customers

Advance, Indiana Electric Utility Overview

  • Company Type:Municipal

Advance, Indiana Electric Utility Service

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    Advance, Indiana Electric Utility Coverage Map

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    Advance, Indiana Electric Utility State Coverage

    StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
    Indiana275546,000112100%

    Advance, Indiana Electric Utility County Coverage

    CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
    Boone County70,812813.55$175.10/mo

    Advance, Indiana Electric Utility Reviews

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    Advance, Indiana Electric Utility FAQ:

    What is the average bundled electricity rate for Advance, Indiana Electric Utility customers?

    Advance, Indiana Electric Utility's current average bundled electricity rate is 12.72 cents per kilowatt hour (¢/kWh), compared to the average Indiana bundled rate of 13.96 cents and the average nationwide rate of 14.11 cents.

    How much is the average bundled bill for Advance, Indiana Electric Utility customers each month?

    Customers of Advance, Indiana Electric Utility pay, on average, a monthly bundled bill of $159.10.

    Last Reviewed By: Matt Hope
    Published: 2022-08-01