Covington, Tennessee Electric Utility

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About Covington, Tennessee Electric Utility

Covington, Tennessee Electric Utility is a municipally owned entity supplying electricity in Covington, Tennessee and rural areas of Tipton County. Electricity providers must regularly report the total number of customers signed up for their services to government agencies. In the most recent report the supplier reported a total of 3,729 residential customers, 976 commercial accounts and 5 industrial customers receiving their services. This is the entirety of their customers. Covington, Tennessee Electric Utility's average residential electricity price per kilowatt hour is 9.94 cents per kilowatt hour, which is 10.57% lower than Tennessee's average price of 11.12 cents. This makes the company 7th out of 90 companies in the state for lowest average electricity rate. A total of 237,383 megawatt hours were sold through retail sales in 2020 by the company. During the same timeframe, Covington, Tennessee Electric Utility procured 243,230 megawatt hours via the wholesale market. In 2020 they had total electricity related revenue of $19,800,500, with 98.63% coming from retail sales.

The US average monthly residential power bill is $121.23, while the Covington, Tennessee Electric Utility average is 13.84% below at $104.45 per month. This is the 1217th lowest average monthly bill amount for a supplier in the United States. The company does not have ownership in any electricity production facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other companies.

Energy Loss

Electricity providers routinely submit reports for energy lost through heat dissipation and other causes to government agencies who track infrastructure efficiencies. Covington, Tennessee Electric Utility recently reported a loss of 2.18% of the electricity generation total. The state of Tennessee has an energy loss average of 2.57% and the countrywide average is 2.76%, giving Covington, Tennessee Electric Utility a rank of 211th best out of 3509 providers who report energy loss in the United States.

Covington, Tennessee Electric Utility Rate & Electric Bills

Covington, Tennessee Electric Utility residential electric rates are highest in January and the highest average bill is in May.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.101/kWh$0.099/kWh$113.89/mo.$104.45/mo.
468th9.94¢Covington, Tennessee Electric Utility's Average residential price per kWh
1217th$104.45Average monthly electricity bill for Covington, Tennessee Electric Utility's residential customers

Covington, Tennessee Electric Utility Overview

  • Company Type:Municipal
  • Headquarters:1469 South Main Street
    Covington, Tennessee 38019
    United States of America

Covington, Tennessee Electric Utility Contact

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Energy Loss

Covington, Tennessee Electric Utility's energy loss due to business operations.

-2.18%

Total Energy Loss

5,293MWh

211 National Rank

Covington, Tennessee Electric Utility Coverage Map

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Covington, Tennessee Electric Utility State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Tennessee4,71019,530,00072100%

Covington, Tennessee Electric Utility County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Tipton County60,970211.93$146.56/mo

Covington, Tennessee Electric Utility Reviews

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Covington, Tennessee Electric Utility FAQ:

What is the average bundled electricity rate for Covington, Tennessee Electric Utility customers?

Covington, Tennessee Electric Utility's current average bundled electricity rate is 9.94 cents per kilowatt hour (¢/kWh), compared to the average Tennessee bundled rate of 11.12 cents and the average nationwide rate of 13.71 cents.

What is the phone number for Covington, Tennessee Electric Utility?

The Covington, Tennessee Electric Utility phone number is (901) 476-7104.

What is the average bundled bill for Covington, Tennessee Electric Utility customers each month?

The average monthly bundled electric bill for customers of Covington, Tennessee Electric Utility is $104.45. The state average bundled bill is $129.76 and the nationwide average is $129.76.

Last Reviewed By: Ginalyn Gelera
Published: 2022-08-09