Bayard, Nebraska Electric Utility

About Bayard, Nebraska Electric Utility

Bayard, Nebraska Electric Utility is a municipally owned entity providing electricity in Bayard, Nebraska. The company has 527 residential customer accounts, 92 commercial customer accounts and 5 industrial accounts within their service area. Bayard, Nebraska Electric Utility averages 18.81 cents per kilowatt hour charged to their customers for residential electricity, which is 60.16% more than the average state rate of 11.75 cents and 17.15% higher than the nationwide average of 16.06. In 2019 the company sold 8,396 megawatt hours to end users (known as retail sales). The electricity they sourced was made up of megawatt hours procured on wholesale channels. They purchased 9,080 megawatt hours on the wholesale market. Through retail sales alone , The company made $1,219,000 in 2019.

The national average monthly residential power bill is $139.28, while the Bayard, Nebraska Electric Utility average is 7.48% less at $128.86 per month. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end consumers.