Akron Electric

About Akron Electric

Akron Electric is a municipally owned organization operating in Akron, New York and additional areas of Erie County. There are 1,681 customers of the supplier. Exactly 1,466 of them are residential accounts, 177 are commercial customers and 38 of them are industrial accounts. The average residential electricity price for consumers of Akron Electric is around 5.50 cents per kilowatt hour, which is 72.57% lower than the state's average price of 20.04 cents and 64.84% below the national average of 15.64 cents. There were a total of 54,769 megawatt hours sold to retail customers in 2019 by the company. The electricity sourced by the supplier primarily came from megawatt hours that they acquired on wholesale channels. They purchased 57,274 wholesale megawatt hours. In 2019, the supplier earned 95.83% of their revenue from retail electricity sales. Their total revenue from electricity activities was $2,998,000.

The US average monthly residential electricity bill is $132.69, while the Akron Electric average is 58.76% less at $54.72 per month. This is the 47th lowest average monthly bill amount for a provider in the nation. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it to end users.