Hannibal Electric

About Hannibal Electric

Hannibal Electric provides electricity in Marion County, Missouri. The supplier recently disclosed a total of 80 industrial customer accounts, 1,207 commercial customers and 7,085 residential customers. This is the sum of their customers. Hannibal Electric's customers are billed an average residential electricity rate of 12.57 cents per kilowatt hour, which is 2.61% lower than the average state rate of 12.90 cents and 22.51% less than the national average of 16.22. The company sold 225,574 megawatt hours in 2023 via traditional retail sales and 159,253 megawatt hours through wholesale channels. During the same timeframe, Hannibal Electric procured 397,133 megawatt hours by way of the wholesale market. Their revenue in 2023 from electricity activities was $29,330,300, with 14.40% coming from sales to the wholesale market.

The United States average monthly residential electricity bill is $143.38, while the Hannibal Electric average is 10.02% below at $129.02 per month. This is the 1280th lowest average monthly bill amount for a provider in the nation. The power grid managed by the company has an average of 1.08 outages per consumer each year, with outages lasting an average of 46.37 minutes. The nationwide average for other companies is 1.44 outages per customer and 123.49 minutes an outage. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates from other providers and then resell it at a higher rate to end users.