Albany, Illinois Electric Utility

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 480 customer accounts receiving service from the company. These customer accounts are made up of 96.25% residential customer accounts and 3.75% commercial customers. The average residential electricity rate for patrons of Albany, Illinois Electric Utility is about 13.73 cents per kilowatt hour. Fortunately for their customers, this rate is less than both the Illinois and the United States average prices of 16.52 and 15.39 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 $108.04, while the Albany, Illinois Electric Utility average is 10.21% less at $94.67 per month. This is the 21st 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.