Homer Electric Association

About Homer Electric Association

Homer Electric Association is an electric cooperative located in Kenai, Alaska and supplying power to customers in 5 cities in Alaska including cities like Kalifornsky CDP, Kenai, Sterling CDP, Homer, and Soldotna. Recently, the company reported a total customer count of 34,184 customer accounts, 29,848 of which are residential accounts, 4,315 are commercial customers and 21 are industrial customers. The average residential electricity rate for patrons of Homer Electric Association is approximately 30.20 cents per kilowatt hour, which is 22.60% above the average Alaska price of 24.63 cents and 86.21% more than the nationwide average of 16.22. The company had sales of 489,369 megawatt hours in 2023 via the wholesale market. The electricity sourced by the company is made up of multiple sources of megawatt hours including 439,295 megawatt hours produced in power plants they own and 532,121 megawatt hours purchased by way of the wholesale market. The company earned $177,209,900 in 2023. Exactly $69,387,900 of that revenue came from electricity sales on the wholesale market and $106,693,900 came from retail electricity sales.

The nationwide average monthly residential electric bill is $143.38, while the Homer Electric Association average is 1.52% higher at $145.55 per month. Homer Electric Association is the 1759th ranked provider in the US for average monthly bill total. The provider generates 267th megawatt hours from non-renewable fuel types each year. This ranks them 267th out of 3530 companies in the United States. Based on total customers, Homer Electric Association is the 4th largest company out of 55 providers in the state. The supplier is not associated with any electricity production facilities and all of the megawatt hours that they sell to their customers must be purchased from other providers.