Mooreland, Oklahoma Electric Utility

About Mooreland, Oklahoma Electric Utility

With their main offices in Mooreland, Oklahoma, Mooreland, Oklahoma Electric Utility supplies electricity to 5 cities throughout Oklahoma and is considered a municipally owned entity. Presently, 702 consumers are supplied electricity by the supplier. These customers are a mix of 82.19% residential properties and 17.81% commercial customers. Mooreland, Oklahoma Electric Utility's average residential electricity rate per kilowatt hour is 12.10 cents per kilowatt hour. Unfortunately, this is 0.82% above the state's average price of 12.00 cents, ranking the company at 62nd lowest for average electricity price out of 93 suppliers in Oklahoma. The company sold 8,587 megawatt hours in 2019 by way of traditional retail accounts. Of the megawatt hours they sourced, 10,000 megawatt hours were obtained on the wholesale market. Their total revenue in 2019 was $1,044,800 and was earned from sales to retail electricity customers alone.

Consumers of the provider have an average monthly residential electric bill of $85.46. This is 39.67% less than the state average bill of $132.64. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other providers and then resell it at a higher rate to end consumers.