Hastings Utilities

About Hastings Utilities

Hastings Utilities is a municipally owned organization. The largest city serviced by Hastings Utilities is Hastings, but the company also supplies electricity in 3 cities in Adams County, Nebraska. A total of 112 industrial customer accounts, 2,302 commercial accounts and 11,358 residential customer accounts receive electricity from the company. Hastings Utilities has an average residential electricity rate of 10.35 cents per kilowatt hour. Fortunately, this is 4.91% less than Nebraska's average rate of 10.89 cents. Of the 643,764 megawatt hours the company sold and dispossessed, 30.35% were through wholesale channels. The electricity sourced by Hastings Utilities is made up of multiple sources of megawatt hours including 555,847 megawatt hours produced by power plants they own and 87,917 megawatt hours purchased via the wholesale electricity market. The total revenue for the company for 2021 from electricity sales was $62,389,600, with 56.02% coming from retail sales to end users and 34.58% from wholesale electricity sales.

The average monthly residential electricity bill for a customer of Hastings Utilities is $86.02 per month, while the Nebraska average is $113.77. Patrons of the supplier pay 21.05% less compared to other residents of Nebraska. Generation plants owned by or associated with Hastings Utilities generate 645,552.16 megawatt hours, which is the 278th highest in the country out of 3509 companies. The supplier is the 6th highest in Nebraska out of 149 providers for megawatt hours generated using natural gas. Electricity production facilities owned or managed by the provider use non-renewable fuel types to generate 99.46% of their total electricity generation, or 642,055.16 megawatt hours. This amount ranks them at 3rd out of 149 suppliers in the state.