Greenbelt Electric

About Greenbelt Electric

Greenbelt Electric provides electricity to 13 cities throughout Texas. Electricity providers must regularly report the number of customers they have to government agencies. Most recently the company listed a total of 852 industrial customers, 832 commercial accounts and 3,770 residential customers signed on for their services. This is the sum of their customers. Customers of Greenbelt Electric are charged an average residential electricity rate of 16.59 cents per kilowatt hour, which is 33.62% higher than the state's average price of 12.41 cents and 17.53% more than the nationwide average of 14.11 cents. The supplier had total sales and disposition of 231,633 megawatt hours in 2020, of which 93.31% were from sales to end users. The electricity sourced by the company is made up primarily of megawatt hours they purchased on the wholesale market. Of the electricity sourced whole purchased made up 100.00%. In 2020, the company made a total of $21,205,000 from business activities relating to the sale and transfer of electricity. They had 99.79% of their revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $125.95, while the Greenbelt Electric average is 22.38% below at $97.77 per month. This is the 976th lowest average monthly bill amount for a supplier in the nation. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates and then resell to their consumers.