Knoxville Utilities Board

About Knoxville Utilities Board

Knoxville Utilities Board has their head offices in Knoxville, Tennessee and supplies electricity in 7 cities within the state. Presently, 216,042 consumers receive their electricity from the supplier. These customers are a mix of 190,773 residential accounts, 25,242 commercial customers and 27 industrial customers. Knoxville Utilities Board averages 12.33 cents per kilowatt hour charged to their patrons for residential electricity, which is 21.79% below the average national rate of 15.76 cents. In 2022 they sold 96.32% of their megawatt hours by way of normal retail sales to end users. The electricity sourced by the company is made up primarily of megawatt hours they procured on wholesale channels. This category makes up 100.00% of all electricity sourced. Their revenue for 2022 from electricity activities was $646,880,800, with $633,909,000 coming from retail sales to end users.

The state average monthly residential electricity bill is $140.79, while the Knoxville Utilities Board average is 6.97% less at $131.36 per month. This is the 29th lowest average monthly bill amount for a supplier in the state. The grid operated by the company has 1.31 outages per consumer per year, with outages lasting roughly 103.2 minutes. The US average for other companies is 1.45 outages per customer and 171.11 minutes each outage. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it to end consumers.