Henry County REMC: Rates and Coverage Area

Henry County REMC

Electricity Rates, Plans & Statistics

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About Henry County REMC

Henry County REMC is an electric cooperative serving Indiana, including cities like New Castle, Spiceland, Kennard, Sulphur Springs, and Mount Summit. The average residential electricity rate for patrons of Henry County REMC is roughly 17.87 cents per kilowatt hour. This is 20.35% higher than the state's average price of 14.85 cents, resulting in the provider ranking 112th lowest for average electricity rate out of 118 providers in the state. They had total sales and disposition of 201,844 megawatt hours in 2019, of which 192,714 megawatt hours were from sales to end users. The electricity sourced by Henry County REMC is made up primarily of megawatt hours they acquired by way of wholesale channels. This category makes up 100.00% of the total electricity sourced by the company. The total revenue for the company for 2019 from electricity sales was $23,867,000, with all revenue coming from retail sales to end users.

The state average monthly residential power bill is $131.94, while the Henry County REMC average is 84.41% higher at $249.55 per month. Henry County REMC ranks 117th in the state for average monthly bill total. Electricity generation is not part of the Henry County REMC business model, as they purchase electricity at wholesale rates to then be resold to their consumers.

Henry County REMC Net Metering

Henry County REMC is one of 56 electric suppliers in the state who offer net metering to their customers. Installation of solar panels and other electricity sources is often too expensive for individuals. Net metering allows purchasers of these electricity sources to sell unused kilowatt hours back to the grid, making the installation of these alternative sources economically feasible.

Henry County REMC Rate & Electric Bills

Henry County REMC residential electric rates are highest in November and the highest average bill is in July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.197/kWh$0.119/kWh$334.07/mo.$124.14/mo.
2576th17.87¢Henry County REMC's Average residential price per kWh
2914th$249.55Average monthly electricity bill for Henry County REMC's residential customers

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Henry County REMC Overview

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

Henry County REMC Contact

Henry County REMC Service

  • States Served:
    • Indiana
  • Counties Served:
    • Madison County
    • Delaware County
    • Wayne County
    • Henry County
    • Fayette County
    See All Counties
  • Major Cities Served:
    • New Castle
    • Spiceland
    • Kennard
    • Sulphur Springs
    • Mount Summit
    • Lewisville
    • Cadiz
    • Losantville
    • Blountsville
    See all cities

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Henry County REMC Coverage Map

Coverage Map Placeholder

Henry County REMC State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Indiana9,30032,571,912.7845100%

Henry County REMC County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Delaware County112,031316.22$142.34/mo
Fayette County23,393415.59$185.40/mo
Henry County48,857916.88$216.47/mo
Madison County131,744715.10$137.24/mo
Wayne County66,273715.02$173.51/mo

Cities Henry County REMC Has Coverage

  • Blountsville, IN
  • Cadiz, IN
  • Kennard, IN
  • Lewisville, IN
  • Losantville, IN
  • Mount Summit, IN
  • New Castle, IN
  • Spiceland, IN
  • Sulphur Springs, IN

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

Henry County REMC Reviews

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Henry County REMC FAQ:

What cities does Henry County REMC sell electricity in?

Henry County REMC supplies in 9 cities.

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

Customers of Henry County REMC pay, on average, a monthly bundled bill of $249.55.

Who is the CEO of Henry County REMC?

The CEO of Henry County REMC is Melissa True.

What is the phone number for Henry County REMC?

Henry County REMC's customer service phone number is (800) 248-8413

How many counties does Henry County REMC provider electricity in?

There are 5 counties that receive at least some electricity coverage by Henry County REMC including Indiana.

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

The average bundled price of electricity for customers of Henry County REMC is 17.87 cents per kilowatt hour (¢/kWh).

King Manalo
Last Reviewed By: King Manalo
Published: 2024-06-27