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 496 residential customers and 122 commercial customer accounts receiving electricity from the provider. Laurel, Nebraska Electric Utility's consumers are charged an average residential electricity rate of 10.45 cents per kilowatt hour, which is 5.82% lower than the state's average rate of 11.10 cents. This ranks the company 49th out of 150 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 $149.61 per month. Customers of the company pay a 27.50% markup compared to other residents of the state. Laurel, Nebraska Electric Utility is ranked as the 881st highest electricity generator out of 3517 suppliers in the United States. Laurel, Nebraska Electric Utility is the 95th largest electricity company out of 150 electricity companies in the state based on number of customers. The company produces 664th megawatt hours from non-renewable fuels each year.