Memphis, Missouri Electric Utility

About Memphis, Missouri Electric Utility

Memphis, Missouri Electric Utility provides electricity in Memphis, Missouri and rural areas of Scotland County. Electricity providers must regularly report their customer counts to government agencies. On the most recent reports the company listed 1,208 customers signed on for their services. Roughly 977 of these are residential properties and 19.12% are commercial properties. On average, Memphis, Missouri Electric Utility's customers spend 15.04 cents per kilowatt hour for their residential electricity, which is 30.60% higher than the average Missouri rate of 11.52 cents, a potentially frustrating situation for their consumers. The company had sales of 17,009 megawatt hours in 2019 sold to end users. The electricity sourced by Memphis, Missouri Electric Utility is made up primarily of megawatt hours they purchased on wholesale channels. Of the total electricity sourced by the company, whole purchased made up 107.00%. The supplier had $2,391,000 in total revenue for 2019 from electricity-related activities, all of which came from retail sales to end-users.

The average residential electricity bill for a customer of Memphis, Missouri Electric Utility is $98.06 per month. Consumers of the provider pay a 17.22% markdown compared to other residents of Missouri. The provider currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other providers and then resell it to end consumers.