Okolona Electric Department: Rates and Coverage Area

Okolona Electric Department

Electricity Rates, Plans & Statistics

High Power Bills?

Reduce or replace your electricity bill with solar

About Okolona Electric Department

Electricity companies must regularly report their customer counts to government agencies. On the most recent reports the supplier disclosed a total of 5,368 customers being supplied electricity by the company. Exactly 4,218 of these are residential properties and 1,150 are commercial accounts. The residential electricity price for patrons of Okolona Electric Department is, on average, 13.45 cents per kilowatt hour. Thankfully for their patrons, this rate is less than both the state and nationwide average rates of 13.56 and 15.68 cents per kilowatt hour, respectively. There were a total of 89,265 megawatt hours sold to retail consumers in 2022 by the company. The electricity sourced by the company is made up primarily of megawatt hours they acquired on the wholesale market. This category makes up 100.00% of all electricity sourced by the company. In 2022, the supplier made a total of $11,977,800 from business activities relating to the sale and transfer of electricity. They had 97.64% of their revenue coming from retail sales to end users.

Consumers of the supplier pay an average monthly residential power bill of $163.58. This is 1.61% above the state average of $161.4. The provider currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other suppliers and then resell it at a higher rate to end customers.

Energy Loss

Okolona Electric Department currently loses approximately 10.16% of the electricity that they produce. The state of Mississippi has an energy loss average of 3.55% and the countrywide average is 2.87%, resulting in Okolona Electric Department receiving a rank of 40th best out of 47 suppliers reporting energy loss in Mississippi.

Okolona Electric Department Rate & Electric Bills

Okolona Electric Department residential electric rates are highest in January and the highest average bill is in August.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.142/kWh$0.102/kWh$224.88/mo.$99.86/mo.
1450th13.45¢Okolona Electric Department's Average residential price per kWh
2488th$163.58Average monthly electricity bill for Okolona Electric Department's residential customers

Go Solar for less than your cell phone bill.

Okolona Electric Department Overview

  • Company Type:Municipal
  • Headquarters:209 West Main Street
    Okolona, Mississippi 38860
    United States of America
  • Director/Superintendent:Eddie Tucker

Okolona Electric Department Contact

Okolona Electric Department Service

  • States Served:
    • Mississippi
  • Counties Served:
    • Monroe County
    • Chickasaw County
  • Major Cities Served:

Energy Loss

Okolona Electric Department's energy loss due to business operations.

-10.16%

Total Energy Loss

10,100MWh

1399 National Rank

Go Solar for less than your cell phone bill.

Okolona Electric Department Coverage Map

Coverage Map Placeholder

Okolona Electric Department State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Mississippi5,36612,615,611.3445100%

Okolona Electric Department County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Chickasaw County17,100413.57$158.05/mo
Monroe County34,448613.31$173.39/mo

Okolona Electric Department Reviews

Write a Review of Okolona Electric Department

Okolona Electric Department FAQ:

What is the phone number for Okolona Electric Department?

The Okolona Electric Department phone number is (662) 447-5482.

Who is the CEO of Okolona Electric Department?

Okolona Electric Department's CEO is Eddie Tucker.

What is the average bundled electricity rate for Okolona Electric Department customers?

The average bundled rate of electricity for consumers of Okolona Electric Department is 13.45 cents per kilowatt hour (¢/kWh).

How much is the average bundled bill for Okolona Electric Department customers each month?

Customers of Okolona Electric Department pay, on average, a monthly bundled bill of $163.58.

How many counties does Okolona Electric Department provider electricity in?

Okolona Electric Department provides electricity to customers in 2 counties throughout the nation.

Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-05-23