Granite, Oklahoma Electric Utility

About Granite, Oklahoma Electric Utility

Granite, Oklahoma Electric Utility provides electricity for Granite, Oklahoma and is a municipally owned entity. There are 550 customer accounts who are receiving electricity from the company. All of these customers are residential properties. Granite, Oklahoma Electric Utility's average residential electricity price per kilowatt hour is 14.19 cents per kilowatt hour, which is 16.77% higher than the average state rate of 12.15 cents. There were a total of 5,599 megawatt hours sold through retail sales in 2019 by the supplier. The electricity sourced by the provider primarily came from megawatt hours that they purchased by way of the wholesale market. They purchased 6,242 wholesale megawatt hours. The revenue for Granite, Oklahoma Electric Utility for 2019 from electricity sales was $772,200, with $740,700 coming from retail sales to end users.

The nationwide average monthly residential power bill is $132.69, while the Granite, Oklahoma Electric Utility average is 5.05% more at $139.39 per month. Granite, Oklahoma Electric Utility is the 2004th ranked provider in the US 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 prices from other companies and then resell it at a higher rate to end customers.