Bangor Municipal Utility

About Bangor Municipal Utility

Electricity suppliers must regularly report their customer counts to government agencies. Recently the supplier listed 2,099 customers signed up for their services. Exactly 8 of these customers are industrial accounts, 502 are commercial customers and 1,589 are residential properties. Bangor Municipal Utility's customers are charged an average residential electricity rate of 12.94 cents per kilowatt hour. This is 17.25% less than the nationwide average price of 15.64 cents, ranking the provider at 1469th lowest for average electricity rate out of 2893 providers in the country. The provider had total sales and disposition of 27,752 megawatt hours in 2019, of which 93.43% were from retail sales. The electricity sourced by the supplier primarily came from megawatt hours that they acquired by way of the wholesale market. They purchased 27,752 wholesale megawatt hours. In 2019, the company had revenue of $2,900,700 from retail electricity sales. This made up the total of the electricity related revenue for the company.

Customers of the company have an average residential electricity bill of $83.57. This is 37.02% less than the United States average of $132.69. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it to end consumers.