Newton, Illinois Electric Utility

About Newton, Illinois Electric Utility

Electricity companies must regularly report the number of customers signed on for their services to government agencies. Most recently the supplier listed 301 commercial customers and 1,321 residential customers receiving electricity from the company. This is the whole of their customer base. Customers of Newton, Illinois Electric Utility are billed an average residential electricity price of 12.08 cents per kilowatt hour, which is 7.02% less than the average state rate of 12.99 cents and 8.92% below the national average of 13.26. A total of 25,572 megawatt hours were sold to retail accounts in 2019 by the provider. The electricity sourced by the company is made up primarily of megawatt hours they purchased via wholesale channels. This category makes up 100.00% of all electricity sourced by the company. The provider had $2,610,000 in total revenue in 2019 from electricity-related activities, all of which came from retail sales to end-users.

Customers of the company have an average residential electric bill of $84.08. This is 7.67% lower than the Illinois average bill of $93.13. Electricity generation is not part of the Newton, Illinois Electric Utility business model, as they purchase electricity at wholesale rates to then be resold to their customers.

Newton, Illinois Electric Utility Net Metering

Consumers of Newton, Illinois Electric Utility are able to participate in net metering offerings, which is a positive for both parties. Installation of solar panels and other electricity sources is often too expensive for residents. Net metering allows purchasers of these electricity sources to sell excess megawatt hours back to the grid, making the installation of these alternative sources economically feasible .

Newton, Illinois Electric Utility Rate & Electric Bills

Newton, Illinois Electric Utility residential electric rates are highest in January and the highest average bill is in December.

Historical Electric Rates:

Price Per kWHAverage Bill$0.121/kWh$0.107/kWh$84.08/mo.$78.51/mo.
1559th12.08¢Newton, Illinois Electric Utility's Average residential price per kWh
565th$84.08Average monthly electric bill for Newton, Illinois Electric Utility's residential customers

Newton, Illinois Electric Utility Overview

  • Company Type:Municipal
  • Headquarters:108 North Van Buren
    Newton, Illinois 62448
    United States of America
  • CEO:Raymond Reynolds

Newton, Illinois Electric Utility Contact

Newton, Illinois Electric Utility Service

Newton, Illinois Electric Utility Coverage Map

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Newton, Illinois Electric Utility State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Illinois1,6222,774,00068100%

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Newton, Illinois Electric Utility FAQ:

What is the phone number for Newton, Illinois Electric Utility?

The Newton, Illinois Electric Utility phone number is (618) 783-3139.

What is the average bundled electricity rate for Newton, Illinois Electric Utility customers?

Customers of Newton, Illinois Electric Utility, on average, have an electricity bundled rate 12.08 cents per kilowatt hour (¢/kWh).

What is the average bundled bill for Newton, Illinois Electric Utility customers each month?

Consumers of Newton, Illinois Electric Utility pay, on average, a monthly bundled bill of $84.08.

Who is the CEO of Newton, Illinois Electric Utility?

Raymond Reynolds is the current CEO of Newton, Illinois Electric Utility.

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