Elba, Alabama Electric Utility

About Elba, Alabama Electric Utility

Elba, Alabama Electric Utility is a municipally owned entity providing electricity in Elba, Alabama. The company has 2,351 residential customer accounts, 678 commercial customer accounts and 10 industrial accounts within their service area. Elba, Alabama Electric Utility averages 15.04 cents per kilowatt hour charged to their customers for residential electricity, which is 0.84% more than the average state rate of 14.91 cents and 3.82% less than the nationwide average of 15.64. In 2019 the company sold 42,337 megawatt hours to end users (known as retail sales). The electricity they sourced was made up of megawatt hours procured on wholesale channels. They purchased 43,939 megawatt hours on the wholesale market. Through retail sales alone , The company made $4,814,000 in 2019.

The national average monthly residential power bill is $132.69, while the Elba, Alabama Electric Utility average is 45.06% less at $72.9 per month. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end consumers.