Lebanon, Indiana Utilities

About Lebanon, Indiana Utilities

With headquarters in Lebanon, Indiana, Lebanon, Indiana Utilities offers services 4 cities throughout Boone County, Indiana and is classified as a municipally owned organization. Electricity companies must regularly report the number of customers signed on for their services to government agencies. On the most recent reports the supplier reported a total of 9,008 customers receiving their services. Exactly 135 of these customers are industrial properties, 1,057 are commercial customers and 7,816 are residential properties. Lebanon, Indiana Utilities averages 11.18 cents per kilowatt hour billed to their consumers for residential electricity. Fortunately, this is 24.20% below Indiana's average price of 14.75 cents, which ranks the supplier 26th out of 118 providers in Indiana for best average electricity rate. In 2022 Lebanon, Indiana Utilities sold 242,835 megawatt hours via retail sales to end users. The electricity sourced by the company primarily came from megawatt hours that they procured on the wholesale electricity market. They purchased 251,698 on the wholesale market. In 2022 the supplier had total electricity related revenue of $25,212,000, with 98.17% from retail sales.

The United States average monthly residential electric bill is $132.69, while the Lebanon, Indiana Utilities average is 29.02% lower at $94.19 per month. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users.