Homer Electric Association

Homer Electric Association is an electricity cooperative serving 6 cities throughout Alaska including Kalifornsky CDP, Kenai, Homer, Sterling CDP, and Soldotna. The company recently reported a total of 32,759 total customers, 28,441 of which are residential properties, 4,295 are commercial customers and 23 of which are industrial properties. The residential electricity rate for patrons of Homer Electric Association is, on average, 28.70 cents per kilowatt hour. This is 113.38% above the national average price of 13.45 cents, which ranks the company 3120th lowest for average electricity rate out of 3510 providers in the US. Roughly 437,105 megawatt hours were sold by the company to retail accounts in 2020 and 502,076 megawatt hours were sold to other providers via the wholesale market. The electricity produced in the company’s power plants made up 443,481 of the megawatt hours sourced by the company. The purchase of wholesale electricity made up an additional 529,194. In 2020, the supplier had revenue of $103,146,700 from retail electricity sales to end users and a total of $66,410,100 from sales via wholesale electricity channels.

About Homer Electric Association

The Alaska average monthly residential electric bill is $132.58, while the Homer Electric Association average is 10.52% more at $145.23 per month. Homer Electric Association ranks 23rd in the state for average monthly bill total. Electricity facilities owned or managed by Homer Electric Association generate a total of 443,686 megawatt hours, which is the 5th highest of 294th highest total out of 3510 providers in the United States. Homer Electric Association is the 6th largest provider out of 52 suppliers in Alaska based on total megawatt hours sold. With 443,686 megawatt hours produced from non-renewable fuel types, the provider is the 4th largest generator of megawatt hours from non-renewable fuels out of 52 suppliers in the state

Homer Electric Association Net Metering

Thankfully, Homer Electric Association allows consumers to take part in net metering. Net metering makes solar panel installation more economically feasible as it gives the ability for people to sell electricity into the grid.

Energy Loss

Homer Electric Association recently reported a yearly loss of around 6.48% of the electricity that they produce. Loss of energy due to heat dissipation during electricity transmission and other causes is a reality of operating in the electricity production business and electricity companies are required to report these losses. This percentage of electricity lost results in them receiving a rank of 11th best out of 52 providers who report energy loss in the state.

Homer Electric Association Rate & Electric Bills

Homer Electric Association residential electric rates are highest in January and the highest average bill is in November.

Historical Electric Rates:

Price Per kWHAverage Bill$0.318/kWh$0.224/kWh$179.99/mo.$99.20/mo.
3120th28.70¢Homer Electric Association's Average residential price per kWh
2709th$145.23Average monthly electric bill for Homer Electric Association's residential customers

Homer Electric Association Overview

Homer Electric Association Contact

Quick Facts About Homer Electric Association

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Homer Electric Association's generation plants generate 443,566 megawatt hours from the use of natural gas.

Energy Loss

Homer Electric Association's energy loss due to business operations.

-6.48%Light BulbIcon representing Light Bulb.

Total Energy Loss

31,530MWh

1225 National Rank

Homer Electric Association Energy Makeup

Homer Electric Association Coverage Map

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Homer Electric Association State Coverage

StateArrow UpArrow pointing upwards.CustomersArrow UpArrow pointing upwards.Sales ($)Arrow UpArrow pointing upwards.State Rank Based On RevenueArrow UpArrow pointing upwards.% of Provider's Residential Sales in StateArrow UpArrow pointing upwards.
Alaska32,759103,191,4046100%

Homer Electric Association County Coverage

CountyArrow UpArrow pointing upwards.PopulationArrow UpArrow pointing upwards.ProvidersArrow UpArrow pointing upwards.Avg. County Rate (¢)Arrow UpArrow pointing upwards.Avg. Electric BillArrow UpArrow pointing upwards.
Kenai Peninsula Borough58,708224.85$125.47/mo

Power Plants Owned by Homer Electric Association

PlantArrow UpArrow pointing upwards.City/CountyArrow UpArrow pointing upwards.StateArrow UpArrow pointing upwards.Primary Fuel TypeArrow UpArrow pointing upwards.Production (MWh)Arrow DownBlue arrow pointing down.Emission (kg)Arrow UpArrow pointing upwards.Emissions/MWhArrow UpArrow pointing upwards.Toxic Chemical ReleaseArrow UpArrow pointing upwards.Closing DateArrow UpArrow pointing upwards.
Kenai AK Natural Gas 404,839190,688,195.32471.02No DataIcon representing missing value.No DataIcon representing missing value.
Soldotna AK Natural Gas 35,25918,966,084.76537.91No DataIcon representing missing value.No DataIcon representing missing value.
Kenai Peninsula Borough AK Natural Gas 3,4685,060,915.861,459.32No DataIcon representing missing value.No DataIcon representing missing value.
Seldovia AK Distillate Fuel Oil 120108,753.84906.28No DataIcon representing missing value.No DataIcon representing missing value.

Homer Electric Association Fuel Makeup

NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
Natural Gas
Natural Gas
Natural Gas
Natural Gas
Natural Gas
Natural Gas
Natural Gas
99.97%
DISTILLATE FUEL OIL
Distillate Fuel Oil
0.03%

Cities Homer Electric Association Has Coverage

  • Homer, AK
  • Kachemak, AK
  • Kenai, AK
  • Seldovia, AK
  • Seward, AK
  • Soldotna, AK

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

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Homer Electric Association FAQ:

How much is the average bill for Homer Electric Association customers each month?

Homer Electric Association currently has an average monthly electric bill of $145.23, compared to the Alaska average of $132.58 and the nationwide of $132.58.

What is the average electricity rate for Homer Electric Association customers?

Homer Electric Associations current average electricity rate is 28.70 cents per kilowatt hour (¢/kWh), compared to the average Alaska rate of 22.57 cents and the average national rate of 13.45 cents.

What percentage of Homer Electric Association’s electricity is produced from nonrenewable fuel types?

Electric generation plants owned by or associated with Homer Electric Association generate 100.00% of their electricity from nonrenewable fuel types.

What is the phone number for Homer Electric Association?

You can reach Homer Electric Association by phone via (800) 478-8551.

How many power plants are owned by or associated with Homer Electric Association?

There are 4 power plants owned by or associated with Homer Electric Association.

Does Homer Electric Association have any subsidiary companies?

Homer Electric Association owns Alaska Electric and Energy Cooperative.

What percentage of Homer Electric Association’s electricity is produced from renewable fuel sources?

Power facilities owned by or associated with Homer Electric Association produce 0% of their electricity using renewable fuels.

What cities does Homer Electric Association sell electricity to?

Homer Electric Association provides electricity to 6 cities in the US.

Last Reviewed By: Ginalyn Gelera
Published: 2021-03-16Last Updated: 2021-08-25