Oberlin Municipal Light & Power System

About Oberlin Municipal Light & Power System

Oberlin Municipal Light & Power System is a municipally owned entity providing electricity in Lorain County, Ohio. At the moment, 3,743 consumers receive their electricity from the supplier. These customers are a mix of 479 commercial customers and 3,264 residential customers. Oberlin Municipal Light & Power System averages 16.71 cents per kilowatt hour billed to their consumers for residential electricity, which is 3.02% above the average Ohio rate of 16.22 cents. In 2019 they had retail sales of 98,163 megawatt hours. The electricity they sourced was made up of megawatt hours produced by the company and additional megawatt hours that they acquired via the wholesale electricity market. They purchased 108,324 megawatt hours on the wholesale market and generated 719 megawatt hours. Their revenue for 2019 from electricity related activities was $12,146,500, with $11,678,000 from retail sales to end users.

The nationwide average monthly residential electric bill is $143.38, while the Oberlin Municipal Light & Power System average is 20.22% less at $114.39 per month. The supplier generates 292 megawatt hours from non-renewable fuel types per year. This makes them 466th in the US out of 3530 companies. The provider generates 96.57% of their total number of megawatt hours generated, which is 8,221.13 megawatt hours, from renewable fuels. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it to end users.