Newport Electric Company

About Newport Electric Company

Newport Electric Company is a municipally owned entity located in Newport, Tennessee and serving customers in 3 cities in Tennessee. Electricity providers must regularly report their customer counts to government agencies. Recently the supplier disclosed a total of 22,400 customers receiving electricity from the company. About 0.03% of these customers are industrial properties, 14.93% are commercial customers and 85.04% are residential properties. On average, Newport Electric Company charges their patrons a residential electricity rate of 11.51 cents per kilowatt hour. While this is higher than the state average rate of 10.84 cents per kilowatt hour it is lower than the US average of 13.26 cents. In 2020 they had retail sales of 535,761 megawatt hours. The megawatt hours sourced by the company primarily came from megawatt hours that they acquired on wholesale channels. They purchased 570,213 wholesale megawatt hours. In 2020, the supplier had revenue of $52,147,000 from retail electricity sales to end users.

The state average monthly residential electricity bill is $130.81, while the Newport Electric Company average is 5.94% higher at $123.81 per month. Newport Electric Company is the 45th ranked provider in the state for average monthly bill amount. The supplier currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it to end consumers.

Energy Loss

Newport Electric Company currently loses around 6.04% of the electricity that they generate. The state of Tennessee has an energy loss average of 2.57% and the national average is 2.76%, resulting in Newport Electric Company receiving a rank of 73rd best out of 84 companies reporting energy loss in Tennessee.

Newport Electric Company Rate & Electric Bills

Newport Electric Company residential electric rates are highest in January and the highest average bill is in September.

Historical Electric Rates:

Price Per kWHAverage Bill$0.115/kWh$0.108/kWh$129.08/mo.$117.50/mo.
1258th11.51¢Newport Electric Company's Average residential price per kWh
2020th$123.81Average monthly electric bill for Newport Electric Company's residential customers

Newport Electric Company Overview

  • Company Type:Municipal
  • Headquarters:170 Cope Boulevard
    Newport, Tennessee 37821
    United States of America
  • CEO:Michael Williford

Newport Electric Company Contact

Newport Electric Company Service

Energy Loss

Newport Electric Company's energy loss due to business operations.

-6.04%

Total Energy Loss

34,452MWh

1153 National Rank

Newport Electric Company Coverage Map

Coverage Map Placeholder

Newport Electric Company State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Tennessee22,40052,147,00038100%

Newport Electric Company County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Cocke County36,004212.07$109.29/mo
Jefferson County54,495411.23$137.45/mo
Sevier County98,250410.19$114.87/mo

Cities Newport Electric Company Has Coverage

  • Dandridge, TN
  • Newport, TN
  • Parrottsville, TN

* City coverage generated based on government data. Always verify you can get service from the provider.

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Newport Electric Company FAQ:

Who is the CEO of Newport Electric Company?

Michael Williford is the CEO of Newport Electric Company.

How much is the average bundled bill for Newport Electric Company customers each month?

Consumers of Newport Electric Company pay, on average, a monthly bundled bill of $123.81.

What is the average bundled electricity rate for Newport Electric Company customers?

The average bundled rate of electricity for consumers of Newport Electric Company is 11.51 cents per kilowatt hour (¢/kWh).

What cities does Newport Electric Company provider electricity to?

Newport Electric Company has customers in 3 cities throughout the nation including, Tennessee.

How many counties does Newport Electric Company provider electricity to?

Newport Electric Company offers service to customers in 3 counties throughout the country.

What is the phone number for Newport Electric Company?

You can reach Newport Electric Company by phone via (423) 625-2800.

Last Reviewed By: Fernando García
Published: 2021-03-16Last Updated: 2022-01-05