Mayfield Electric

About Mayfield Electric

Mayfield Electric is a municipally owned organization with headquarters in Mayfield, Kentucky and providing electricity to customers in Graves County, Kentucky. At the time of the most recent government reports, the company disclosed a total of 5,426 electricity customers signed up to receive electricity from the company. This total is made up of 4,455 residential customer accounts, 969 commercial customers and 2 industrial customer accounts. On average, Mayfield Electric's customers spend 11.96 cents per kilowatt hour for their residential electricity, resulting in the provider ranking 44th out of 61 companies in the state and 1496th out of 2922 in the US. There were a total of 131,060 megawatt hours sold to retail customers in 2020 by the provider. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 136,767 megawatt hours purchased by the company. In 2020, the supplier made a total of $14,818,400 from business activities relating to the sale and transfer of electricity. They had revenue of $14,506,000 from retail sales to end users.

The state average monthly residential electric bill is $122.32, while the Mayfield Electric average is 15.31% lower at $104.26 per month. This is the 18th lowest average monthly bill amount for a supplier in the state. The provider does not have ownership in any electricity plants and all of the megawatt hours that they sell to their customers must be purchased from other suppliers.