Newport Electric Company

About Newport Electric Company

Newport Electric Company is headquartered in Newport, Tennessee and supplies electricity in 3 counties throughout Tennessee. The company last disclosed a total of 21,816 total customers. Exactly 5 of them are industrial properties, 3,598 are commercial accounts and the rest are residential properties. Newport Electric Company's average residential electricity price per kilowatt hour is 14.25 cents per kilowatt hour, which is 11.31% more than the average Tennessee price of 12.80 cents and 12.16% less than the nationwide average of 16.22. The company sold 517,879 megawatt hours through retail sales in 2023. The electricity sourced by the company is made up primarily of megawatt hours they purchased via the wholesale electricity market. This category makes up 100.00% of the total electricity sourced by the company. In 2023, the provider made a total of $62,369,100 from business activities relating to the sale and transfer of electricity. They had 95.65% of their revenue coming from retail sales to end users.

The Tennessee average monthly residential electric bill is $154.84, while the Newport Electric Company average is 17.03% higher at $179.25 per month. Newport Electric Company ranks 64th in the state for average monthly bill amount. The company is not associated with any electricity plants and all of the electricity that they sell to their consumers must be purchased from other providers.