Ipswich Electric

About Ipswich Electric

Ipswich Electric is a municipally owned organization operating in Ipswich CDP, Massachusetts and additional areas of Essex County. There are 7,902 customers of the supplier. Exactly 6,454 of them are residential accounts, 1,184 are commercial customers and 264 of them are industrial accounts. The average residential electricity price for consumers of Ipswich Electric is around 18.65 cents per kilowatt hour. This is 15.00% higher than the nationwide average price of 16.22 cents, which ranks the provider 2640th lowest for average electricity price out of 2885 suppliers in the country. Around 107,438 megawatt hours were sold by the provider to retail customers in 2019. Of the megawatt hours they sourced, 3,903 of them were generated by power production facilities owned by Ipswich Electric and 109,647 megawatt hours were acquired by way of wholesale channels. In 2019, the provider had revenue of $16,831,800 from retail electricity sales to end users.

The US average monthly residential electricity bill is $143.38, while the Ipswich Electric average is 9.80% less at $129.33 per month. This is the 1290th lowest average monthly bill amount for a provider in the nation. The supplier does not have ownership in any electricity production plants and all of the electricity that they sell to their customers must be purchased from other providers. Ipswich Electric is the 29th largest supplier out of 73 electricity companies in the state based on customer count. Electricity generation from sustainable fuels by the company totals 3,070 megawatt hours, ranking the company 35th out of the 73 we track in Massachusetts.