Buckeye Rural Electric

About Buckeye Rural Electric

Buckeye Rural Electric is an electricity cooperative headquartered in Patriot, Ohio and supplying electricity to customers in 8 counties in Ohio including counties like Scioto County, Athens County, Lawrence County, Jackson County, and Gallia County. Electricity suppliers must regularly report the total number of customers they have to government agencies. On the most recent reports the company disclosed a total of 22,301 customers being supplied electricity by the company. Exactly 179 of these customers are industrial accounts, 2,744 are commercial customers and 19,378 are residential properties. On average, Buckeye Rural Electric's residential electricity rate is 19.28 cents per kilowatt hour . This is more than both the state and the national average prices of 16.68 and 15.70 cents per kilowatt hour, respectively. Of the 239,310 megawatt hours Buckeye Rural Electric sold and dispossessed, 226,623 were via sales to end users. During the same timeframe, Buckeye Rural Electric procured 239,310 megawatt hours by way of wholesale channels. The total revenue for Buckeye Rural Electric for 2023 from electricity sales was $43,721,000, with 97.13% coming from retail sales to end users.

The Ohio average monthly residential power bill is $145.32, while the Buckeye Rural Electric average is 45.86% higher at $208.93 per month. Buckeye Rural Electric is the 110th ranked provider in the state for average monthly bill amount. The electricity grid managed by the company has 3.35 outages per consumer per year, with outages lasting an average of 1 minutes. The national average for other companies is 1.44 outages per customer and 123.49 minutes an outage. The company currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other companies and then resell it to end customers.