Anderson Electric

About Anderson Electric

Anderson Electric provides electricity to 6 cities in Indiana including Anderson, Chesterfield, Edgewood, Country Club Heights, and Woodlawn Heights. With 32,920 total customers, the company serves 28,477 residential customer accounts, 4,391 commercial customer accounts and 52 industrial accounts. On average, Anderson Electric's customers pay a residential electricity rate of 13.52 cents per kilowatt hour . This is below both the state and US average prices of 15.20 and 16.22 cents per kilowatt hour, respectively. In 2023 the company had sales to end customers totaling 846,822 megawatt hours. The electricity sourced by the company primarily came from megawatt hours that they procured by way of the wholesale electricity market. They purchased 891,421 wholesale megawatt hours. In 2023, they made a total of $92,985,600 from business activities relating to the sale and transfer of electricity. They had revenue of $92,042,300 from retail sales to end users.

The state average monthly residential electric bill is $140.04, while the Anderson Electric average is 4.42% less at $133.7 per month. This is the 37th lowest average monthly bill amount for a supplier in the state. Electricity generation is not part of the Anderson Electric business model, as they purchase electricity at wholesale rates and then resell to their customers. Customers of the company experience 1.52 power outages on average each year, with outages lasting an average of 161.45 minutes. The national averages for outages and duration are 1.44 outages at 123.49 minutes each.