Holyoke, Colorado Electric Utility

About Holyoke, Colorado Electric Utility

Holyoke, Colorado Electric Utility is a municipally owned organization serving Holyoke, Colorado and rural areas of Phillips County. There are 884 residential customer accounts and 206 commercial customer accounts who are served by the company. On average, Holyoke, Colorado Electric Utility's customers purchase residential electricity for 11.74 cents per kilowatt hour. This is, thankfully for their consumers, 23.30% lower than Colorado's average price of 15.31 cents, which ranks the provider 7th out of 64 suppliers in Colorado for lowest average electricity rate. The supplier had total sales and disposition of 23,676 megawatt hours in 2019, of which 22,438 megawatt hours were via sales to end users. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 23,676 megawatt hours acquired by the company. Their total revenue in 2019 was $2,708,000 and came only through electricity sales to retail customers.

The Colorado average monthly residential electricity bill is $101.4, while the Holyoke, Colorado Electric Utility average is 16.43% higher at $124.96 per month. Holyoke, Colorado Electric Utility is the 31st ranked company in the state for average monthly bill amount. The supplier does not have ownership in any power facilities and all of the megawatt hours that they sell to their consumers must be purchased from other suppliers.