Lexington Electric

About Lexington Electric

Lexington Electric is a municipally owned organization. The largest county served by Lexington Electric is Henderson County, but the company also provides electricity in 3 counties in Tennessee. Presently, 22,061 customers are provided electricity by the company. These customers are a mix of 16,942 residential accounts, 5,112 commercial customer accounts and 7 industrial customers. The average residential electricity price for Lexington Electric is about 12.59 cents per kilowatt hour, which is 2.02% higher than the average state rate of 12.34 cents and 20.03% less than the nationwide average of 15.74. In 2022 they had retail sales of 429,165 megawatt hours. Of the megawatt hours they sourced, 460,611 megawatt hours were procured by way of wholesale channels. In 2022, the company had revenue of $52,392,000 from retail electricity sales to end users.

Customers of the provider pay an average monthly residential electricity bill of $145.54. This is 0.54% higher than the Tennessee average of $144.81. The supplier does not have ownership in any electricity generation facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other companies.