Olustee, Oklahoma Electric Utility

About Olustee, Oklahoma Electric Utility

Olustee, Oklahoma Electric Utility is a municipally owned entity supplying electricity in Olustee in Jackson County, Oklahoma. At the time of the most recent government reports, the provider showed a total of 365 electricity customers. This total is made up of 14.25% commercial customer accounts and 85.75% residential customer accounts. Customers of Olustee, Oklahoma Electric Utility purchase electricity for, on average, 14.38 cents per kilowatt hour, which is 17.29% more than the average state price of 12.26 cents. Olustee, Oklahoma Electric Utility had total sales and disposition of 3,759 megawatt hours in 2019, of which 3,294 megawatt hours were via retail sales. The electricity sourced by Olustee, Oklahoma Electric Utility is made up primarily of megawatt hours they procured on the wholesale electricity market. Of the total electricity sourced by the company, whole purchased made up 100.00%. Their revenue for 2019 from electricity activities was $365,000, with 100.00% coming from retail sales to end users.

The Oklahoma average monthly residential power bill is $130.88, while the Olustee, Oklahoma Electric Utility average is 20.54% lower at $102.27 per month. This is the 15th lowest average monthly bill amount for a provider in the state. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates and then resell to their customers.