Monticello Electric Company

About Monticello Electric Company

Monticello Electric Company is a municipally owned entity located in Monticello, Georgia and supplying power to customers in Jasper County, Georgia. On recent government reports, the provider had a total of 1,398 electricity customers signed up for their services. This total is made up of 15.16% commercial accounts and 84.84% residential customer accounts. The residential electricity rate for consumers of Monticello Electric Company is, on average, 11.02 cents per kilowatt hour, which is 20.23% lower than Georgia's average rate of 13.81 cents and 29.52% less than the national average of 15.64 cents. Of the 25,516 megawatt hours the supplier sold and dispossessed, 93.14% were from sales to end users. The electricity sourced by Monticello Electric Company is made up primarily of megawatt hours they acquired on the wholesale market. Of the total electricity sourced whole purchased made up 100.00%. Their revenue in 2019 from electricity activities was $3,487,500, with 99.05% coming from retail sales to end users.

The nationwide average monthly residential electric bill is $132.69, while the Monticello Electric Company average is 22.98% less at $102.2 per month. This is the 885th lowest average monthly bill amount for a provider in the nation. The company does not have ownership in any power plants and all of the power that they sell to their customers must be purchased from other providers.