Albany, Illinois Electric Utility
Electricity Rates, Plans & Statistics
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About Albany, Illinois Electric Utility
Albany, Illinois Electric Utility is headquartered in Albany, Illinois and it provides electricity in the residents that call the city home. There are a total of 552 customer accounts receiving service from the company. These customer accounts are made up of 95.65% residential customer accounts and 4.35% commercial customers. The average residential electricity rate for patrons of Albany, Illinois Electric Utility is about 17.26 cents per kilowatt hour. Unfortunately for their customers, this rate is higher than both the Illinois and the United States average prices of 15.03 and 16.06 cents per kilowatt hour, respectively. There were a total of 4,744 megawatt hours sold to retail accounts in 2019 by the company. The electricity sourced by Albany, Illinois Electric Utility is made up primarily of megawatt hours they purchased via wholesale channels. Of the total electricity sourced by the company, whole purchased made up 100.00%. In 2019, the supplier made a total of $609,000 from business activities relating to the sale and transfer of electricity. They had 97.87% of their revenue coming from retail sales to end users.
The Illinois average monthly residential electricity bill is $99.12, while the Albany, Illinois Electric Utility average is 0.69% less at $98.16 per month. This is the 16th lowest average monthly bill amount for a supplier in Illinois. Electricity production is not part of the Albany, Illinois Electric Utility business plan, as they purchase electricity at wholesale rates to then be resold to their end users.
Albany, Illinois Electric Utility, fortunately, offers net metering options to consumers. Net metering allows individuals to sell kilowatt hours back to their provider, which makes the purchase of solar panels and other electricity sources more economically viable.
Albany, Illinois Electric Utility Rate & Electric Bills
Albany, Illinois Electric Utility residential electric rates are highest in November and the highest average bill is in July.
Historical Electricity Rates:
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Albany, Illinois Electric Utility Overview
- Company Type:Municipal
Albany, Illinois Electric Utility Service
- States Served:
- Illinois
- Counties Served:
- Whiteside County
- Major Cities Served:
- Albany
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Albany, Illinois Electric Utility Coverage Map
Albany, Illinois Electric Utility State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Illinois | 544 | 672,544.88 | 77 | 100% |
Albany, Illinois Electric Utility County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Whiteside County | 55,932 | 59 | 20.97 | $133.64/mo |
Albany, Illinois Electric Utility Reviews
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Albany, Illinois Electric Utility FAQ:
What is the average bundled electricity rate for Albany, Illinois Electric Utility customers?
The average bundled rate of electricity for customers of Albany, Illinois Electric Utility is 17.26 cents per kilowatt hour (¢/kWh).
How much is the average bundled bill for Albany, Illinois Electric Utility customers each month?
Currently, the average monthly bundled electric bill for customers of Albany, Illinois Electric Utility is $98.16. The Illinois average bundled bill is $99.12 and the United States average is $99.12.
