New Enterprise Rural Electric

About New Enterprise Rural Electric

New Enterprise Rural Electric is an electricity cooperative headquartered in New Enterprise, Pennsylvania and serving customers in 5 cities in Pennsylvania such as the cities of Claysburg CDP, Saxton, Defiance CDP, Stonerstown CDP, and Woodbury. Presently, 3,955 consumers are provided electricity by the company. These customers are a mix of 1.29% industrial locations, 10.70% commercial customers and 88.02% residential locations. New Enterprise Rural Electric's average residential electricity rate per kilowatt hour is 14.43 cents per kilowatt hour, which is 11.02% lower than the average national rate of 16.22 cents. In 2019 New Enterprise Rural Electric sold 93.15% of their megawatt hours to end users (known as retail sales). Wholesale power purchases made up 100.00% of all electricity sourced by the company . Exactly 58,334 megawatt hours were procured by way of wholesale channels. In 2019, the provider earned 94.57% of their revenue from retail electricity sales to end users. Their total revenue from all electricity related activities was $6,590,000.

Patrons of the supplier pay an average monthly residential electricity bill of $167.22. This is 16.63% more than the nationwide average of $143.38. 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.