Licking Valley RECC

About Licking Valley RECC

Licking Valley RECC provides electricity to 4 cities throughout Kentucky. Electricity suppliers must regularly report their customer counts to government agencies. Recently the supplier listed a total of 16,404 customers receiving electricity from the company. Exactly 15,295 of these are residential properties, 1,102 are commercial customers and 7 are industrial accounts. Licking Valley RECC averages 14.90 cents per kilowatt hour charged to their customers for residential electricity, which is 16.06% more than the average Kentucky price of 12.84 cents and 7.62% below the national average of 16.13. In 2023 the company had retail sales of 259,739 megawatt hours. During the same timeframe, the supplier purchased 272,078 megawatt hours through wholesale channels. The total revenue for Licking Valley RECC in 2023 from electricity sales was $33,685,000, with $33,072,000 from retail sales to end users.

The state average monthly residential electric bill is $137.12, while the Licking Valley RECC average is 10.47% higher at $151.9 per month. Licking Valley RECC is the 32nd ranked company in the state for average monthly bill amount. The provider is not associated with any electricity generation plants and all of the power that they sell to their customers must be purchased from other suppliers.