Harbor Springs, Michigan Electric Utility

About Harbor Springs, Michigan Electric Utility

Harbor Springs, Michigan Electric Utility provides electricity for Harbor Springs, Michigan and is a municipally owned entity. They currently provide electricity to residential, commercial and industrial customer accounts, with a total of 2,899 residential customers, 874 commercial customers and 8 industrial customers signed on for their services. The average residential electricity price for Harbor Springs, Michigan Electric Utility is roughly 9.59 cents per kilowatt hour, which is 38.66% below the nationwide average rate of 15.64 cents. This makes the provider 285th lowest for average electricity price out of 2893 providers in the nation. About 39,746 megawatt hours were sold by the supplier to retail customers in 2019. The electricity sourced by the supplier primarily came from megawatt hours that they acquired by way of wholesale channels. They purchased 42,700 megawatt hours on the wholesale market. The revenue for Harbor Springs, Michigan Electric Utility for 2019 from electricity sales was $3,771,500, with 97.08% coming from retail sales to end users.

Patrons of the provider pay an average residential power bill of $59.04. This is 40.24% less than the state average of $112.44. The provider does not have ownership in any electricity generation facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other providers.