Canton Municipal Utilities

About Canton Municipal Utilities

Canton Municipal Utilities is a municipally owned entity located in Canton, Mississippi and supplying power to customers in Madison County, Mississippi. On recent government reports, the provider had a total of 4,719 electricity customers signed up for their services. This total is made up of 0.28% industrial accounts, 16.40% commercial customer accounts and 83.32% residential accounts. Customers of Canton Municipal Utilities are charged an average residential electricity rate of 9.86 cents per kilowatt hour, which is, luckily for their customers, 36.96% lower than the average nationwide rate of 15.64 cents. In 2019 Canton Municipal Utilities sold 110,552 megawatt hours via retail sales to end users. The electricity generated in the company's power plants made up 0.08% of the electricity sourced by the company. The purchase of wholesale electricity made up an additional 99.92%. The revenue for the company for 2019 from electricity sales was $10,599,000, with all revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $132.69, while the Canton Municipal Utilities average is 27.15% less at $96.67 per month. This is the 724th lowest average monthly bill amount for a provider in the nation. The company does not have ownership in any power plants and all of the power that they sell to their customers must be purchased from other providers.