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. Recently filed reports by the company showed a customer base of 16,756 customer accounts. Exactly 547 of these customers are commercial customers and 16,209 are residential customers. Boone REMC averages 16.83 cents per kilowatt hour billed to their patrons for residential electricity, which ranks the company 103rd out of 118 providers in the state and 2393rd out of 2885 in the country for average electricity rate. They sold 477,014 megawatt hours in 2023 by way of retail sales. The electricity sourced consisted of megawatt hours procured by way of wholesale channels. They purchased 488,776 wholesale megawatt hours. Their total revenue for 2023 from electricity related activities was $67,343,000, with $66,315,000 from retail sales to end users.
The Indiana average monthly residential electric bill is $140.04, while the Boone REMC average is 73.92% higher at $246.03 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.
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.
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 May and the highest average bill is in July.
Historical Electricity Rates:
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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
- Website:www.bremc.com
- Customer Service Phone:(800) 897-7362
- Contact Page:www.bremc.com
- Social Media:
Boone REMC Service
- Rates & Plans:www.bremc.com
- Outage Map:bremc.outagemap.coop
- Outage Phone:(800) 897-7362
- States Served:
- Indiana
- Counties Served:
- Hamilton County
- Boone County
- Montgomery County
- Clinton County
- Major Cities Served:
- Westfield
- Zionsville
- Lebanon
- Whitestown
- Sheridan
- Thorntown
- Kirklin
- New Ross
Energy Loss
Boone REMC's energy loss due to business operations.
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
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Boone REMC Coverage Map
Boone REMC State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Indiana | 16,778 | 74,819,102.47 | 24 | 100% |
Boone REMC County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Boone County | 74,164 | 8 | 16.28 | $220.28/mo |
| Clinton County | 33,010 | 4 | 13.69 | $138.50/mo |
| Hamilton County | 364,921 | 5 | 13.70 | $135.62/mo |
| Montgomery County | 37,967 | 10 | 15.76 | $174.88/mo |
Cities Boone REMC Has Coverage
- Kirklin, IN
- Lebanon, IN
- New Ross, IN
- Sheridan, IN
- Thorntown, IN
- Westfield, IN
- Whitestown, IN
- Zionsville, IN
* 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 $246.03. The state average bundled bill is $140.04 and the United States average is $140.04.
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 16.83 cents per kilowatt hour (¢/kWh), compared to the average Indiana bundled rate of 15.20 cents and the average nationwide rate of 16.22 cents.
Who is the CEO of Boone REMC?
Boone REMC's CEO is William J. Conley.
