Lorain Medina Rural Electric

About Lorain Medina Rural Electric

Lorain Medina Rural Electric is an electricity cooperative with headquarters in Wellington, Ohio and serving customers in Ohio including in cities like Oberlin, Wellington, LaGrange, Pheasant Run CDP, and Cinnamon Lake CDP. Recently, the company reported a total customer base of 20,207 customer accounts, 6 of which are industrial properties, 2,094 are commercial customer accounts and 18,107 are residential accounts. On average, Lorain Medina Rural Electric's residential electricity price is 18.09 cents per kilowatt hour, which is 11.52% above the average state rate of 16.22 cents. They sold 316,994 megawatt hours through retail sales in 2023. The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. In 2023, the provider made 97.92% of their revenue from retail electricity sales to end users. Their revenue from all electricity activities was $47,563,800.

The average residential electricity bill for a consumer of Lorain Medina Rural Electric is $237.48 per month. Customers of the company pay a 65.63% markup compared to other residents of the country. The supplier is not associated with any electricity production plants and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other companies.