Oconee Electric Membership Corporation

About Oconee Electric Membership Corporation

Oconee Electric Membership Corporation operates in 23 cities throughout Georgia and is considered an electricity cooperative. Electricity companies must regularly report the number of customers they have to government agencies. In the most recent report the company reported 13,129 customers signed up for their services. Exactly 10 of these customers are industrial accounts, 2,558 are commercial customers and 10,561 are residential accounts. The average residential electricity rate for patrons of Oconee Electric Membership Corporation is roughly 14.12 cents per kilowatt hour, which is 2.65% more than the average Georgia price of 13.75 cents and 9.57% lower than the national average of 15.61. There were a total of 250,328 megawatt hours sold via retail sales in 2022 by the supplier. The electricity sourced by Oconee Electric Membership Corporation is made up of primarily wholesale purchased megawatt hours, with 266,873 purchased by the company. In 2022, the supplier made 93.15% of their revenue from retail electricity sales. Their revenue from electricity related activities was $33,285,300.

The Georgia average monthly residential electric bill is $139.82, while the Oconee Electric Membership Corporation average is 15.58% higher at $160.59 per month. Oconee Electric Membership Corporation ranks 76th in the state for average monthly bill amount. The provider is not associated with any electricity facilities and all of the megawatt hours that they sell to their customers must be purchased from other providers.