Hubbard Electric

About Hubbard Electric

Hubbard Electric is headquartered in Hubbard, Ohio and it provides electricity in the residents that call the city home. There are a total of 5,102 customer accounts receiving service from the company. These customer accounts are made up of 88.40% residential customer accounts, 11.56% commercial customer accounts and 0.04% industrial properties. The average residential electricity price for Hubbard Electric is roughly 16.23 cents per kilowatt hour, which is 0.10% above the average state rate of 16.22 cents, a potentially frustrating situation for their customers. In 2019 they sold 88.64% of their total megawatt hours disposed via normal retail sales to end users. The megawatt hours sourced by the company primarily came from megawatt hours that they purchased via wholesale channels. They purchased 55,614 megawatt hours on the wholesale market. The provider made $3,807,000 in 2019 from electricity sales to end users alone.

The Ohio average monthly residential electricity bill is $145.99, while the Hubbard Electric average is 33.76% less at $97.58 per month. This is the 13th lowest average monthly bill amount for a supplier in Ohio. Electricity production is not part of the Hubbard Electric business plan, as they purchase electricity at wholesale rates to then be resold to their end users.