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 8,637 customers receiving their services. Exactly 126 of these customers are industrial properties, 1,134 are commercial customers and 7,377 are residential properties. Lebanon, Indiana Utilities averages 13.10 cents per kilowatt hour billed to their consumers for residential electricity. Fortunately, this is 13.81% below Indiana's average price of 15.20 cents, which ranks the supplier 27th out of 118 providers in Indiana for best average electricity rate. In 2023 Lebanon, Indiana Utilities sold 241,462 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 246,490 on the wholesale market. In 2023 the supplier had total electricity related revenue of $27,741,500, with 97.39% from retail sales.

The United States average monthly residential electric bill is $143.38, while the Lebanon, Indiana Utilities average is 14.08% lower at $123.19 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.