Licking Rural Electric

About Licking Rural Electric

Licking Rural Electric supplies electricity to 5 counties in Ohio and is considered an electricity cooperative. There are 27,116 customer accounts receiving service from the company. These customers are made up of 78 industrial customers, 1,662 commercialproperties and 25,376 residential properties. The residential electricity rate for consumers of Licking Rural Electric is, on average, 15.80 cents per kilowatt hour, resulting in the provider ranking 102nd out of 119 suppliers in the state and 2460th out of 2893 in the country. They sold 415,637 megawatt hours through retail sales in 2022. Of the megawatt hours they sourced, 437,280 megawatt hours were purchased via the wholesale electricity market. The total revenue for Licking Rural Electric in 2022 from electricity sales was $65,733,700, with $63,868,700 from retail sales to end users.

The average monthly residential electric bill for a customer of Licking Rural Electric is $168.63 per month. The provider 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 users.