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 17,222 customer accounts. Exactly 512 of these customers are commercial customers and 16,710 are residential customers. Boone REMC averages 15.03 cents per kilowatt hour billed to their patrons for residential electricity. This is 3.90% lower than the nationwide average rate of 15.64 cents, which ranks the supplier 2275th lowest for average electricity rate out of 2893 suppliers in the United States. They sold 461,501 megawatt hours via retail sales in 2022. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 483,745 megawatt hours purchased by the company. In 2022 the supplier had total electricity related revenue of $62,007,000, with 98.58% coming from retail sales.
The Indiana average monthly residential electric bill is $127.89, while the Boone REMC average is 47.42% higher at $190.81 per month. Boone REMC ranks 115th 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.
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 4.50% 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 4.25% and the US average is 2.87%, giving Boone REMC a rank of 33rd 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:
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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:www.bremc.com
- 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
- Advance
- Table Of Contents:
Energy Loss
Boone REMC's energy loss due to business operations.
Total Energy Loss
21,777MWh
754 National Rank
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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 | 17,222 | 61,128,000 | 23 | 100% |
Boone REMC County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Boone County | 74,164 | 8 | 14.66 | $179.23/mo |
| Clinton County | 33,010 | 4 | 13.24 | $124.25/mo |
| Hamilton County | 364,921 | 4 | 14.01 | $130.12/mo |
| Montgomery County | 37,967 | 10 | 14.35 | $146.64/mo |
Cities Boone REMC Has Coverage
- Advance, IN
- 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:
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 15.03 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 14.75 cents and the average United States rate of 15.64 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 $190.81.
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.
