Illuminating Company

About Illuminating Company

Illuminating Company serves electricity to 9 counties in Ohio including counties like Cuyahoga County, Summit County, Lorain County, Lake County, and Trumbull County. The entity is an investor owned entity. At the time of the most recent government reports, the provider had a total of 181,440 electricity customers signed on for their services. This total is made up of 91.73% residential customer accounts, 8.23% commercial customer accounts and 0.04% industrial customers. On average, Illuminating Company charges their customers a residential electricity price of 16.73 cents per kilowatt hour, which is 3.21% below the state's average price of 17.29 cents and 6.17% more than the national average of 15.76 cents. In 2022 the company sold 98.85% of their total megawatt hours disposed via normal retail sales to end users. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 3,823,131 megawatt hours procured by the company. Their total revenue in 2022 from electricity activities was $1,061,839,100, with $416,939,100 coming from retail sales to end users.

Consumers of the company pay an average residential electricity bill of $106.65. This is 21.20% below the nationwide average bill of $135.34. The supplier currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates and then resell it to end consumers. The electricity grid owned by the company experiences an average of 1.13 outages per customer per year, with outages lasting an average of 162.06 minutes. The national average for other suppliers is 1.45 outages per customer and about 171.11 minutes an outage.