Granite State Electric

About Granite State Electric

Granite State Electric is an investor owned organization. The largest city served by the supplier is Manchester, but the company also provides electricity to 41 cities in the state of New Hampshire. Electricity companies must regularly report their customer counts to government agencies. Recently the provider listed 33,395 residential customers, 4,942 commercial customer accounts and 99 industrial customers signed up to receive electricity from the company. This is the entirety of their customers. Granite State Electric averages 35.41 cents per kilowatt hour billed to their patrons for residential electricity. Unfortunately for their customers, this rate is higher than both the New Hampshire and the nationwide average prices of 31.53 and 15.61 cents per kilowatt hour, respectively. In 2022 they sold 970 megawatt hours through wholesale channels to other companies. The electricity sourced consisted of megawatt hours acquired on wholesale channels. They purchased 484,071 wholesale megawatt hours. In 2022, they made a total of $141,974,000 from business activities relating to the sale and transfer of electricity. They had revenue of $112,995,700 coming from retail sales to end users and $231,100 from wholesale electricity sales.

The national average monthly residential electric bill is $133.26, while the Granite State Electric average is 63.88% more at $218.39 per month. Granite State Electric ranks 2892nd in the country for average monthly bill amount. The provider is not associated with any electricity facilities and all of the power that they sell to their consumers must be purchased from other suppliers.