Niles Electric Company

About Niles Electric Company

Niles Electric Company is a municipally owned entity supplying electricity in Niles, Ohio and rural areas of Trumbull County. Electricity providers must regularly report the total number of customers signed up for their services to government agencies. In the most recent report the supplier reported a total of 12,119 residential customers, 918 commercial accounts and 19 industrial customers receiving their services. This is the entirety of their customers. Niles Electric Company's average residential electricity price per kilowatt hour is 8.05 cents per kilowatt hour, which is 47.08% lower than Ohio's average price of 15.21 cents. This makes the company 3rd out of 119 companies in the state for lowest average electricity rate. A total of 233,588 megawatt hours were sold through retail sales in 2022 by the company. During the same timeframe, Niles Electric Company procured 256,252 megawatt hours via the wholesale market. Through sales to retail customers alone , They earned $19,570,700 in 2022.

The US average monthly residential power bill is $133.26, while the Niles Electric Company average is 61.88% below at $50.8 per month. This is the 30th lowest average monthly bill amount for a supplier in the United States. The provider is the 125th largest generator of hydroelectric power in the nation out of 3510 suppliers, with total production reaching 33,654.26 megawatt hours in the past year. Niles Electric Company produces 33,654.26 megawatt hours from their production facilities, ranking them as the 425th largest producer of electricity in the US out of 3510 electricity suppliers. They rank 1st in the US out of the 3510 companies we track for their ratio of renewable versus non-renewable fuels used.