Guntersville Electric

About Guntersville Electric

Guntersville Electric is a municipally owned entity providing electricity in Marshall County, Alabama. At the moment, 6,964 consumers receive their electricity from the supplier. These customers are a mix of 5 industrial customers, 2,040 commercial customers and 4,919 residential customers. Consumers of Guntersville Electric are charged an average residential electricity price of 12.59 cents per kilowatt hour, which is 21.04% below the average state rate of 15.94 cents and 22.39% less than the national average of 16.22. Of the 247,400 megawatt hours Guntersville Electric sold and dispossessed, 98.57% were via retail sales. The electricity sourced by Guntersville Electric is made up primarily of megawatt hours they acquired via the wholesale electricity market. This category makes up 100.00% of the total electricity sourced. In 2023, the company made a total of $27,421,700 from business activities relating to the sale and transfer of electricity. They had 97.35% of their revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $143.38, while the Guntersville Electric average is 16.54% higher at $167.09 per month. Guntersville Electric is the 2253rd ranked provider in the nation for average monthly bill total. The provider does not have ownership in any electricity generation facilities and all of the power that they sell to their customers must be purchased from other companies.