Memphis Light, Gas and Water

About Memphis Light, Gas and Water

Memphis Light, Gas and Water is a municipally owned organization. The largest city served by Memphis Light, Gas and Water is Memphis, but the company also operates in 8 cities in Tennessee. Consumers of Memphis Light, Gas and Water pay an average residential electricity rate of 12.01 cents per kilowatt hour. This is 3.68% below Tennessee's average price of 12.47 cents, which ranks the supplier 25th out of 90 providers in the state for lowest average electricity price. The company had sales of 12,631,568 megawatt hours in 2023 sold to end users. The electricity sourced by the supplier primarily came from megawatt hours that they purchased on the wholesale electricity market. They purchased 12,990,751 megawatt hours on the wholesale market. In 2023 they had total electricity related revenue of $1,381,438,300, with 99.76% from retail sales.

The US average monthly residential electricity bill is $138.7, while the Memphis Light, Gas and Water average is 0.42% less at $138.12 per month. This is the 1825th lowest average monthly bill amount for a provider in the nation. Consumers of the provider experience 2.08 power outages on average per year, with outages lasting about 408.6 minutes. The national averages for these data points are 1.44 outages at 123.49 minutes each. Electricity production is not handled in house at the company, as they purchase power at wholesale rates and then resell to their customers.