Laverne, Oklahoma Electric Utility

About Laverne, Oklahoma Electric Utility

Laverne, Oklahoma Electric Utility is headquartered in Laverne, Oklahoma and it provides electricity in the population there. With 764 total consumers, the provider provides electricity to 748 residential customer accounts and 16 commercial customers. Consumers of Laverne, Oklahoma Electric Utility purchase electricity for, on average, 12.40 cents per kilowatt hour, which is 0.18% below the average Oklahoma rate of 12.42 cents and 23.57% less than the nationwide average of 16.22. Of the 11,701 megawatt hours the provider sold and dispossessed, 10,598 were from retail sales. The electricity sourced by Laverne, Oklahoma Electric Utility is made up of multiple sources including megawatt hours they generate and additional megawatt hours procured by way of wholesale channels. These two categories comprise 0.30% and 99.70%, respectively, of all electricity sourced by the company. In 2019, the total revenue for the company was $1,250,000, which was earned exclusively through electricity sales to retail customers.

The average monthly residential electricity bill for a customer of Laverne, Oklahoma Electric Utility is $92.21. Patrons of the supplier enjoy a 29.93% markdown compared to the rest of the state. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end consumers. Electricity production plants managed by the company use non-renewable fuel types to generate 100.00% of their total electricity generation, or 283 megawatt hours. They rank 468th in the nation out of 3530 providers. Laverne, Oklahoma Electric Utility generates 283 megawatt hours from their electricity facilities, ranking them as the 37th highest producer of electricity out of 87 electricity suppliers in Oklahoma.