Granite State Electric

About Granite State Electric

Granite State Electric is an investor owned organization. The largest city served by the supplier is Lebanon, but the company also provides electricity to 4 cities in the state of New Hampshire. On average, Granite State Electric charges their patrons a residential electricity rate of 22.59 cents per kilowatt hour. Luckily, this is 0.14% less than New Hampshire's average price of 22.62 cents, resulting in the supplier ranking 9th out of 14 suppliers in the state for best average electricity price. They sold 364,236 megawatt hours in 2023 via retail sales. The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. The revenue for the company for 2023 from electricity sales was $148,960,600, with $256,000 coming from wholesale electricity sales and $104,954,800 from retail sales to end users.

The national average monthly residential electric bill is $143.38, while the Granite State Electric average is 11.69% more at $160.14 per month. Granite State Electric ranks 2117th in the country for average monthly bill amount. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end customers. Customers of the company deal with 0.88 electrical outages each year with outages lasting on average 153.78 minutes.