Hancock County REMC: Rates and Coverage Area

Hancock County REMC

Electricity Rates, Plans & Statistics

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About Hancock County REMC

Hancock County REMC is an electric cooperative providing electricity in 4 different cities in Indiana including Greenfield, Cumberland, Pendleton, and Ingalls. A total of 17,794 customers (0.15% industrial accounts, 7.24% commercial accounts and 92.60% residential accounts) are provided electricity by the provider. Patrons of Hancock County REMC are billed an average residential electricity rate of 14.69 cents per kilowatt hour, which is 2.13% lower than Indiana's average price of 15.01 cents and 5.76% lower than the nationwide average of 15.59 cents. They had total sales and disposition of 342,277 megawatt hours in 2022, of which 94.35% were via sales to end users. Wholesale power purchases made up 100.00% of the total electricity sourced . Exactly 342,277 megawatt hours were procured via the wholesale electricity market. In 2022, the supplier made 97.65% of their revenue from retail electricity sales.

The nationwide average monthly residential power bill is $133.21, while the Hancock County REMC average is 41.67% higher at $188.73 per month. Hancock County REMC ranks 2791st in the nation for average monthly bill amount. Consumers of the supplier experience 1.04 power outages on average each year, with outages lasting around 50.37 minutes. The national averages for these data points are 1.27 outages at 137.24 minutes each. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates to then be resold to their end users.

Energy Loss

All electricity providers who generate electricity suffer from some energy loss from heat dissipation or alternative factors. Hancock County REMC is no exception, as they have an annual loss of around 5.65% of the aggregate electricity they transmit. These averages allow us to compare and contrast the various companies who operate around the United States. Hancock County REMC has earned a rank of 1030th best out of 3517 suppliers who report energy loss in the country.

Hancock County REMC Rate & Electric Bills

Hancock County REMC residential electric rates are highest in January and the highest average bill is in August.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.147/kWh$0.133/kWh$188.73/mo.$174.67/mo.
2174th14.69¢Hancock County REMC's Average residential price per kWh
2791st$188.73Average monthly electricity bill for Hancock County REMC's residential customers

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Hancock County REMC Overview

  • Company Type:Cooperative
  • Headquarters:3400 South State Road 3
    New Castle, Indiana 47362
    United States of America
  • CEO:Melissa True

Hancock County REMC Contact

Hancock County REMC Service

Energy Loss

Hancock County REMC's energy loss due to business operations.

-5.65%

Total Energy Loss

19,326MWh

1030 National Rank

Grid Reliability

Length & Frequency of Hancock County REMC's Power Outages

50.37 min.

vs. national average of 137.24 min.

1.04 outages/yr

vs. national average of 1.27

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Hancock County REMC Coverage Map

Coverage Map Placeholder

Hancock County REMC State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Indiana17,79445,792,00033100%

Hancock County REMC County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Hancock County83,070514.51$170.69/mo
Madison County131,744714.80$131.27/mo

Cities Hancock County REMC Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

Hancock County REMC Reviews

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Hancock County REMC FAQ:

How many counties does Hancock County REMC provider electricity to?

There are 2 counties that receive at least some electricity coverage by Hancock County REMC.

What is the average bundled bill for Hancock County REMC customers each month?

Customers of Hancock County REMC pay, on average, a monthly bundled bill of $188.73.

What is the average bundled electricity rate for Hancock County REMC customers?

Consumers of Hancock County REMC, on average, have an electricity bundled rate 14.69 cents per kilowatt hour (¢/kWh).

When will Hancock County REMC power be restored?

The average number of minutes for an outage for Hancock County REMC's customers is 50.366 minutes.

Who is the CEO of Hancock County REMC?

Melissa True is the CEO of Hancock County REMC.

What cities does Hancock County REMC supply electricity to?

Hancock County REMC provides electricity in 4 cities.

What is the phone number for Hancock County REMC?

You can reach Hancock County REMC by phone via (800) 248-8413.

Matt Hope
Last Reviewed By: Matt Hope
Published: 2023-12-06