Muscle Shoals Electric Board

About Muscle Shoals Electric Board

Muscle Shoals Electric Board is a municipally owned organization providing electricity in Colbert County, Alabama. The provider has 8 industrial customer accounts, 6,735 residential customer accounts and 1,861 commercial accounts within their service area whom they supply electricity services to. The residential electricity price for consumers of Muscle Shoals Electric Board is, on average, 10.30 cents per kilowatt hour. This is, fortunately for their patrons, 22.79% below the state's average rate of 13.34 cents. In 2020 the company sold 284,314 megawatt hours to end users (known as retail sales). During the same timeframe, Muscle Shoals Electric Board procured 294,833 megawatt hours by way of the wholesale electricity market. In 2020, they made a total of $28,270,800 from business activities relating to the sale and transfer of electricity. They had 97.96% of their revenue coming from retail sales to end users.

Consumers of the supplier have an average monthly residential electricity bill of $124.82. This is 21.15% lower than the state average bill of $150.41. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other suppliers and then resell it to end consumers.