Norway, Michigan Electric Utility

About Norway, Michigan Electric Utility

Norway, Michigan Electric Utility is headquartered in Norway, Michigan and they serve the citizens living in the city. Electricity suppliers must regularly report the number of customers they have to government agencies. Recently the company reported 2,101 customers signed up for their services. About 1,853 of these are residential accounts and 11.80% are commercial accounts. Norway, Michigan Electric Utility's average residential electricity rate per kilowatt hour is 15.84 cents per kilowatt hour, which is 14.87% below Michigan's average rate of 18.60 cents. This ranks the supplier 40th out of 60 companies in Michigan for lowest average electricity rate. Of the 31,575 megawatt hours the provider sold and dispossessed, 73.09% were from sales to end users and 21.08% were from wholesale sales to other electricity suppliers. Electricity generation and wholesale power purchases made up 94.47% and 5.53%, respectively, of all electricity sourced. Electricity plants the company owns produced 29,830 megawatt hours and an additional 1,745 were acquired on the wholesale market. In 2022, they made a total of $3,922,600 from business activities relating to the sale and transfer of electricity. They had 4.23% of their revenue come from wholesale electricity sales and 90.20% from retail sales to end users.

The average monthly residential power bill for a consumer of Norway, Michigan Electric Utility is $100.31. Patrons of the company pay 24.40% less compared to the rest of the US. Dams and other hydroelectric facilities owned or operated by the supplier generate 29,472 megawatt hours, making the company the 129th largest producer of hydroelectric power out of 3517 companies in the US. Based on customer count, Norway, Michigan Electric Utility is the 1937th largest provider out of 3517 electricity companies in the nation. Electricity generation from renewable fuel sources by the supplier totals 29,472 megawatt hours.