Lamar, Missouri Electric Utility

About Lamar, Missouri Electric Utility

Lamar, Missouri Electric Utility provides electricity to Lamar, Missouri and is a municipally owned organization. At the time of the most recent government reports, the company disclosed a total of 2,323 electricity customers. This total is made up of 1,871 residential customer accounts, 438 commercial customer accounts and 14 industrial accounts. Lamar, Missouri Electric Utility has an average residential electricity rate of 14.43 cents per kilowatt hour. While this is higher than the state average rate of 12.90 cents per kilowatt hour, it is less than the nationwide average of 16.22 cents. There were a total of 52,758 megawatt hours sold to retail customers in 2019 by the provider. The electricity they sourced consisted of megawatt hours produced by the company in electricity plants they own and additional megawatt hours acquired via the wholesale market. They purchased 63,358 megawatt hours on the wholesale market and produced 35,950 megawatt hours. In 2019 they had total electricity related revenue of $8,764,100, with 68.79% coming from retail sales.

The state average monthly residential electric bill is $134.88, while the Lamar, Missouri Electric Utility average is 5.97% more at $143.44 per month. Lamar, Missouri Electric Utility is the 44th ranked provider in the state for average monthly bill amount. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it to end users.