Jackson Energy

About Jackson Energy

Jackson Energy provides electricity for 8 cities in the state including cities like London, Irvine, Manchester, Mount Vernon, and Beattyville. The company is an electricity cooperative. A total of 51,638 customers (92.70% residential customers, 7.29% commercial customers and 0.02% industrial properties) are provided electricity by the company. Consumers of Jackson Energy are billed an average residential electricity price of 13.57 cents per kilowatt hour, which is 8.50% above the average Kentucky rate of 12.51 cents. Roughly 951,067 megawatt hours were sold by the provider to retail end users in 2022. The electricity sourced was made up of megawatt hours that they acquired via the wholesale market. They purchased 1,000,110 wholesale megawatt hours. Their total revenue in 2022 from electricity activities was $128,382,000, with $125,126,300 coming from retail sales to end users.

The average residential power bill for a consumer of Jackson Energy is $158.28 per month. The electricity grid owned by the supplier experiences an average of 2.49 outages per customer each year, with outages lasting roughly 302 minutes. The nationwide average for other companies is 1.45 outages per consumer and 171.11 minutes per outage. The company currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates and then resell it to end customers.