Marlow Electric

About Marlow Electric

Marlow Electric provides electricity in Marlow in Stephens County, Oklahoma. There are 2,303 customers of the company. Exactly 17 of them are industrial accounts, 309 are commercial accounts and 1,977 of them are residential accounts. Marlow Electric charges their consumers a residential electricity rate of 8.90 cents per kilowatt hour on average, which is 26.71% less than Oklahoma's average rate of 12.15 cents. This ranks the supplier 5th best for average electricity price out of 93 companies in Oklahoma. In 2019 the company had sales to end customers totaling 38,822 megawatt hours. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 38,847 megawatt hours acquired by the company. Their revenue in 2019 from electricity related activities was $3,998,000, with $3,895,000 coming from retail sales to end users.

The state average monthly residential electricity bill is $126.61, while the Marlow Electric average is 34.63% below at $80.65 per month. This is the 5th lowest average monthly bill amount for a supplier in Oklahoma. Electricity generation is not part of the Marlow Electric business model, as they purchase electricity at wholesale rates from other companies and then resell to their end users.