Greenbelt Electric

About Greenbelt Electric

Greenbelt Electric provides electricity to 8 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 882 industrial customers, 838 commercial accounts and 3,836 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 19.68 cents per kilowatt hour, which is 40.47% higher than the state's average price of 14.01 cents and 25.85% more than the nationwide average of 15.64 cents. The supplier had total sales and disposition of 215,108 megawatt hours in 2022, of which 93.17% were from sales to end users. The electricity sourced by the company is made up of multiple sources including megawatt hours they generate and other megawatt hours procured by way of wholesale channels. These categories comprise 0.05% and 99.95%, respectively, of all electricity sourced by the company. In 2022, they made a total of $26,676,000 from business activities relating to the sale and transfer of electricity. They had 99.70% of their revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $132.69, while the Greenbelt Electric average is 7.47% below at $122.78 per month. This is the 1525th 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.