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 30,753 customer accounts receiving service from the company. These customers are made up of 126 industrial customers, 2,021 commercialproperties and 28,606 residential properties. The residential electricity rate for consumers of Licking Rural Electric is, on average, 17.52 cents per kilowatt hour . This is higher than both the state and nationwide average rates of 17.25 and 15.74 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 $176.46 per month. Customers of the company are faced with 0.94 electrical outages a year with outages lasting an average of 97.44 minutes. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it to end users.