Monroe Power

About Monroe Power

Monroe Power is headquartered in Monroe, Georgia and it supplies electricity in the citizens that call Monroe home. There are 7,140 customers of the company. About 85.91% of them are residential accounts and 14.09% of them are commercial properties. Monroe Power's customers are billed an average residential electricity price of 12.36 cents per kilowatt hour. This is 23.78% below the nationwide average price of 16.22 cents, resulting in the company ranking 820th best for average electricity price out of 2885 providers in the nation. The company had sales of 153,576 megawatt hours in 2019 sold to end users. Wholesale power purchases made up 100.00% of the total electricity sourced by the company . Exactly 159,364 megawatt hours were purchased on wholesale channels. In 2019, the supplier made 99.94% of their revenue from retail electricity sales.

Patrons of the supplier pay an average monthly residential electric bill of $135.46. This is 15.57% below the Georgia average bill of $157.78. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other companies and then resell it at a higher rate to end users.