Madisonville Municipal Utilities

About Madisonville Municipal Utilities

Madisonville Municipal Utilities provides electricity to Madisonville, Kentucky and is a municipally owned entity. On recent government reports, the company reported a total of 8,423 electricity customers being supplied electricity by the company. This total is made up of 17.92% commercial properties and 82.08% residential accounts. Consumers of Madisonville Municipal Utilities spend, on average, 12.88 cents per kilowatt hour for their electricity, which is 17.61% lower than the national average price of 15.64 cents. In 2022 the company had sales to end customers totaling 242,681 megawatt hours. The electricity sourced by the company is made up primarily of megawatt hours they procured on wholesale channels. Of the electricity sourced by the company, whole purchased made up 100.00%. Their total revenue in 2022 from electricity activities was $25,242,000, with $24,550,000 from retail sales to end users.

The average residential power bill for a customer of Madisonville Municipal Utilities is $98.72, while the nationwide average is $132.69. Electricity production is not part of the Madisonville Municipal Utilities business plan, as they purchase power at wholesale rates from other companies and then resell to their end users.