Bolivar Energy Authority

About Bolivar Energy Authority

Bolivar Energy Authority is a municipally owned entity headquartered in Bolivar, Tennessee and providing power to customers in 2 states in the nation including in major cities such as Bolivar, Whiteville, Toone, Grand Junction, and Hornsby. The supplier has 2,399 commercial accounts, 8,911 residential customers and one industrial account throughout their service area whom they supply. Bolivar Energy Authority's average residential electricity price per kilowatt hour is 13.47 cents per kilowatt hour. While this is more than the state average rate of 12.29 cents per kilowatt hour, it is less than the national average of 15.64 cents. There were a total of 226,608 megawatt hours sold to retail consumers in 2022 by the supplier. The electricity sourced by the company is made up primarily of megawatt hours they procured by way of the wholesale electricity market. Of the electricity sourced whole purchased made up 100.00%. Their revenue in 2022 from electricity activities was $30,574,000, with 97.85% coming from retail sales to end users.

The average monthly residential power bill for a consumer of Bolivar Energy Authority is $162.58 per month. Patrons of the company pay 22.52% more compared to the rest of the US. Electricity production is not part of the Bolivar Energy Authority business plan, as they purchase power at wholesale rates to then be resold to their customers.