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 1,720 customers of the supplier. Exactly 1,427 of them are residential accounts, 225 are commercial customers and 68 of them are industrial accounts. The average residential electricity price for consumers of Akron Electric is around 5.80 cents per kilowatt hour, which is 73.11% lower than the state's average price of 21.58 cents and 63.88% below the national average of 16.06 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 $139.28, while the Akron Electric average is 57.49% less at $59.21 per month. This is the 46th 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.