Nicholasville Utilities

About Nicholasville Utilities

Nicholasville Utilities supplies electricity in Jessamine County, Kentucky. There are 6,684 customer accounts served by the supplier. These customer accounts are made up of 91.77% residential customers, 8.08% commercial customers and 0.15% industrial customers. Nicholasville Utilities' customers are billed an average residential electricity price of 10.17 cents per kilowatt hour, resulting in the supplier ranking 5th out of 61 companies in Kentucky and 391st out of 2893 in the nation. Nicholasville Utilities had total sales and disposition of 196,620 megawatt hours in 2019, of which 177,199 megawatt hours were via sales to end users. The electricity sourced by the company is made up primarily of megawatt hours they acquired via wholesale channels. This category comprises 100.00% of the total electricity sourced by the company. In 2019, the company made a total of $14,987,000 from business activities relating to the sale and transfer of electricity. They had 99.46% of their revenue coming from retail sales to end users.

Consumers of the company have an average residential power bill of $104.47. This is 16.19% less than the state average bill of $125.94. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end consumers.