Bangor Municipal Utility

About Bangor Municipal Utility

Bangor Municipal Utility supplies electricity to 2 counties and is considered a municipally owned entity. There are a total of 2,016 customer accounts receiving service from the provider. These accounts are made up of 7 industrial customers, 488 commercial customers and 1,521 residential accounts. Bangor Municipal Utility's customers are charged an average residential electricity rate of 14.12 cents per kilowatt hour. This is 10.37% less than the nationwide average price of 15.76 cents, ranking the provider at 1708th lowest for average electricity rate out of 2892 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 $85.6. This is 36.76% less than the United States average of $135.34. 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.