Laurel, Nebraska Electric Utility

About Laurel, Nebraska Electric Utility

Laurel, Nebraska Electric Utility is a municipally owned entity operating in Laurel, Nebraska and rural areas of Cedar County. There are 520 residential customers and 126 commercial customer accounts receiving electricity from the provider. Laurel, Nebraska Electric Utility's consumers are charged an average residential electricity rate of 12.31 cents per kilowatt hour, which is 3.44% higher than the state's average rate of 11.90 cents. This ranks the company 61st out of 148 providers in the state for best average electricity price. They had sales of 11,541 megawatt hours in 2019 through retail sales. Electricity production and wholesale power purchases made up 0.50% and 99.50%, respectively, of the total electricity sourced by the company. Electricity facilities owned by the company produced 62 megawatt hours and an additional 12,254 were purchased via the wholesale market. They earned $1,279,000 in total revenue for 2019, which all came from retail electricity sales.

The average residential electricity bill for a consumer of Laurel, Nebraska Electric Utility is $163.78 per month. Customers of the company pay a 32.85% markup compared to other residents of the state. The company is not associated with any electricity production plants and all of the electricity that they sell to their consumers must be purchased wholesale from other providers. Laurel, Nebraska Electric Utility is the 95th largest supplier out of 148 suppliers in Nebraska based on number of customers. Laurel, Nebraska Electric Utility is ranked as the 58th highest electricity generator out of 148 companies in Nebraska.