Boone REMC

Electricity Rates, Plans & Statistics

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About Boone REMC

Boone REMC is an electric cooperative providing electricity in 9 cities throughout Indiana including Westfield, Zionsville, Lebanon, Whitestown, and Sheridan. Recently filed reports by the company showed a customer base of 15,489 customer accounts. Exactly 436 of these customers are commercial customers and 15,053 are residential customers. Boone REMC averages 13.81 cents per kilowatt hour billed to their patrons for residential electricity, which ranks the company 93rd out of 118 providers in the state and 2209th out of 2923 in the country. They sold 417,840 megawatt hours in 2020 by way of retail sales. The electricity sourced by the provider primarily came from megawatt hours that they purchased on wholesale channels. They purchased 434,809 megawatt hours on the wholesale market. The revenue for Boone REMC in 2020 from electricity sales was $52,818,000, with 98.66% coming from retail sales to end users.

The Indiana average monthly residential electric bill is $130.94, while the Boone REMC average is 43.53% higher at $185.77 per month. Boone REMC ranks 117th in the state for average monthly bill amount. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates 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 3.79% 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 3.71% and the US average is 2.76%, giving Boone REMC a rank of 24th best out of 111 companies reporting energy loss in the state.

Boone REMC Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.138/kWh$0.133/kWh$193.33/mo.$177.97/mo.
2209th13.81¢Boone REMC's Average residential price per kWh
2872nd$185.77Average monthly electricity bill for Boone REMC's residential customers

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

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Energy Loss

Boone REMC's energy loss due to business operations.

-3.79%

Total Energy Loss

16,490MWh

573 National Rank

Boone REMC Coverage Map

Coverage Map Placeholder

Boone REMC State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Indiana15,48952,112,00026100%

Boone REMC County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Boone County70,812813.55$175.10/mo
Clinton County33,190412.88$129.39/mo
Hamilton County347,467413.85$142.12/mo
Montgomery County37,9361013.70$142.79/mo

Cities Boone REMC Has Coverage

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

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Boone REMC FAQ:

What is the phone number for Boone REMC?

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

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

Boone REMC's current average bundled electricity rate is 13.81 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 13.96 cents and the average United States rate of 14.11 cents.

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

Consumers of Boone REMC pay, on average, a monthly bundled bill of $185.77.

Who is the CEO of Boone REMC?

Boone REMC's CEO is William J. Conley.

How many counties does Boone REMC provider electricity to?

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

What cities does Boone REMC have customers in to?

Boone REMC supplies to 9 cities.

Last Reviewed By: Alex Zdanov
Published: 2022-09-18