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 129 industrial customer accounts, 2,289 commercial accounts and 11,358 residential customer accounts receive electricity from the company. Hastings Utilities has an average residential electricity rate of 10.23 cents per kilowatt hour. Fortunately, this is 6.24% less than Nebraska's average rate of 10.91 cents. Of the 549,171 megawatt hours the company sold and dispossessed, 21.01% were through wholesale channels. The electricity sourced by Hastings Utilities is made up of multiple sources of megawatt hours including 447,827 megawatt hours produced by power plants they own and 101,344 megawatt hours purchased via the wholesale electricity market. The total revenue for the company for 2020 from electricity sales was $43,518,800, with 82.23% coming from retail sales to end users and 5.22% from wholesale electricity sales.

The average monthly residential electricity bill for a customer of Hastings Utilities is $82.24 per month, while the Nebraska average is $111.28. Patrons of the supplier pay 23.96% less compared to other residents of Nebraska. Generation plants owned by or associated with Hastings Utilities generate 585,167.02 megawatt hours, which is the 282nd 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 99.40% of their total electricity generation, or 581,670.02 megawatt hours. This amount ranks them at 3rd out of 149 suppliers in the state.