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 . This is higher than both the state and nationwide average rates of 15.21 and 15.61 cents per kilowatt hour, respectively. The company had sales of 415,637 megawatt hours in 2022 through retail sales. The electricity sourced by the company primarily came from megawatt hours that they procured by way of the wholesale market. They purchased 437,280 wholesale megawatt hours. In 2022, they made a total of $65,733,700 from business activities relating to the sale and transfer of electricity. They had 97.16% of their revenue coming 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.