Hope Water & Light
Electricity Rates, Plans & Statistics
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About Hope Water & Light
Hope Water & Light supplies electricity in Hope, Arkansas and rural areas of Hempstead County. A total of 7,064 customers (84.24% residential accounts and 15.76% commercial accounts) purchase their electricity from the company. Hope Water & Light bills their consumers a residential electricity price of 12.81 cents per kilowatt hour on average. Unfortunately, this is 3.94% more than the state's average rate of 12.33 cents, which ranks the provider 33rd lowest for average electricity price out of 42 companies in Arkansas. Hope Water & Light had total sales and disposition of 229,678 megawatt hours in 2023, of which 215,377 megawatt hours were from sales to end users. The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. The revenue for Hope Water & Light for 2023 from electricity sales was $26,390,000, with $25,884,000 coming from retail sales to end users.
The average residential electric bill for a customer of Hope Water & Light is $124.8 per month. Electricity production is not part of the Hope Water & Light business model, as they purchase power at wholesale rates to then be resold to their end users. Consumers of the provider experience 0.59 power outages per year with outages lasting an average of 32.87 minutes.
Hope Water & Light offers net metering options to their consumers. This makes it cheaper for people to install solar and other electricity options as they have the ability to sell unneeded kilowatt hours into the grid.
Hope Water & Light reported a yearly loss of around 3.30% of the electricity that they generate. Loss of electricity due to heat dissipation during electricity transmission and other causes is operating in the electricity generation business and electricity providers must report these losses. This percentage of energy lost earns them a rank of 619th best out of 3530 providers who report energy loss in the US and 7th best out of 35 in Arkansas.
Hope Water & Light Rate & Electric Bills
Hope Water & Light residential electric rates are highest in September and the highest average bill is in July.
Historical Electricity Rates:
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Hope Water & Light Overview
- Company Type:Municipal
- Headquarters:105 North Elm Street
Hope, Arkansas 71802
United States of America - Director/Superintendent:Lester Sitzes III
Hope Water & Light Contact
- Website:www.hope-wl.com
- Customer Service Phone:(870) 777-3000
- Contact Page:www.hope-wl.com
- Social Media:
Hope Water & Light Service
- Rates & Plans:www.hope-wl.com
- Outage Phone:(870) 777-3000
- States Served:
- Arkansas
- Counties Served:
- Hempstead County
- Major Cities Served:
Energy Loss
Hope Water & Light's energy loss due to business operations.
Total Energy Loss
7,571MWh
619 National Rank
Grid Reliability
Length & Frequency of Hope Water & Light's Power Outages
32.87 min.
vs. national average of 123.49 min.
0.59 outages/yr
vs. national average of 1.44
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Hope Water & Light Coverage Map
Hope Water & Light State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Arkansas | 7,075 | 27,061,930.8 | 27 | 100% |
Hope Water & Light County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Hempstead County | 20,352 | 4 | 11.77 | $135.50/mo |
Hope Water & Light Reviews
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Hope Water & Light FAQ:
What is the average bundled bill for Hope Water & Light customers each month?
Currently, the average monthly bundled electric bill for customers of Hope Water & Light is $124.80. The state average bundled bill is $131.68 and the US average is $131.68.
Who is the CEO of Hope Water & Light?
Hope Water & Light's CEO is Lester Sitzes III.
When will Hope Water & Light power be restored?
The average number of minutes for an outage for Hope Water & Light's customers is 32.866 minutes.
What is the average bundled electricity rate for Hope Water & Light customers?
Hope Water & Light's current average bundled electricity rate is 12.81 cents per kilowatt hour (¢/kWh), compared to the average Arkansas bundled rate of 12.33 cents and the average national rate of 16.22 cents.
What is the phone number for Hope Water & Light?
You can reach Hope Water & Light by phone via (870) 777-3000.
