Boone REMC: Rates and Coverage Area

Boone REMC

Electricity Rates, Plans & Statistics

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About Boone REMC

Boone REMC is an electric cooperative providing electricity in 8 cities throughout Indiana including Westfield, Zionsville, Lebanon, Whitestown, and Sheridan. Boone REMC's patrons are billed an average residential electricity rate of 16.26 cents per kilowatt hour. This is, sadly for their patrons, 11.04% above Indiana's average price of 14.64 cents, resulting in the company ranking 103rd out of 118 suppliers in Indiana for lowest average electricity rate. In 2023 they sold 477,014 megawatt hours by way of retail sales to end users. Wholesale power purchases made up 100.00% of the total electricity sourced by the company . Exactly 488,776 megawatt hours were purchased on the wholesale electricity market. In 2023, the company earned 98.47% of their revenue from retail electricity sales.

The Indiana average monthly residential electric bill is $131.15, while the Boone REMC average is 63.24% higher at $219.67 per month. Boone REMC ranks 112th in the state for average monthly bill amount. Consumers of the supplier deal with 1.28 power outages on average each year, with outages lasting about 139.8 minutes. The national averages for outages and duration are 1.44 outages at 123.49 minutes each. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it to end users.

Boone REMC Net Metering

Customers of Boone REMC have the ability to take advantage of net metering. Net metering allows private citizens to sell electricity back to the grid, which makes the installation of solar panels and other alternative electricity sources a cheaper project.

Energy Loss

Boone REMC recently reported an annual loss of around 2.31% of the electricity that they produce. Loss of electricity due to heat dissipation during electricity transmission and other causes is part of operating in the electricity production industry and companies are required to report these losses to government agencies who track electricity infrastructure efficiencies. The state of Indiana has an energy loss average of 4.15% and the US average is 2.43%, giving Boone REMC a rank of 10th best out of 111 companies reporting energy loss in the state.

Boone REMC Rate & Electric Bills

Boone REMC residential electric rates are highest in March and the highest average bill is in July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.168/kWh$0.121/kWh$307.08/mo.$141.93/mo.
2334th16.26¢Boone REMC's Average residential price per kWh
2874th$219.67Average monthly electricity bill for Boone REMC's residential customers

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Boone REMC Overview

  • Company Type:Cooperative
  • Headquarters:1207 Indianapolis Avenue
    Lebanon, Indiana 46052
    United States of America
  • CEO:William J. Conley

Boone REMC Contact

Boone REMC Service

Energy Loss

Boone REMC's energy loss due to business operations.

-2.31%

Total Energy Loss

11,282MWh

348 National Rank

Grid Reliability

Length & Frequency of Boone REMC's Power Outages

139.8 min.

vs. national average of 123.49 min.

1.28 outages/yr

vs. national average of 1.44

Power Outages

Currently, 0 customers are being tracked in Boone REMC.

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Customers Out:

0

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Boone REMC Coverage Map

Coverage Map Placeholder

Boone REMC State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Indiana17,44670,353,693.9324100%

Boone REMC County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Boone County74,164815.74$203.70/mo
Clinton County33,010413.25$128.83/mo
Hamilton County364,921513.25$126.77/mo
Montgomery County37,9671015.26$162.06/mo

Cities Boone REMC Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

Boone REMC Reviews

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Boone REMC FAQ:

When will Boone REMC power be restored?

The average number of minutes for an outage for Boone REMC's customers is 139.8 minutes.

How much is the average bundled bill for Boone REMC customers each month?

The average monthly bundled electric bill for customers of Boone REMC is $219.67. The state average bundled bill is $131.15 and the United States average is $131.15.

How many counties does Boone REMC have customers in in?

There are 4 counties that receive at least some electricity coverage by Boone REMC.

What is the phone number for Boone REMC?

Boone REMC's customer service phone number is (800) 897-7362

What cities does Boone REMC sell electricity to?

Boone REMC serves 8 cities in the US.

What is the average bundled electricity rate for Boone REMC customers?

Boone REMC's current average bundled electricity rate is 16.26 cents per kilowatt hour (¢/kWh), compared to the average Indiana bundled rate of 14.64 cents and the average nationwide rate of 15.77 cents.

Who is the CEO of Boone REMC?

Boone REMC's CEO is William J. Conley.

Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-19