Olyphant Borough Electric

About Olyphant Borough Electric

Olyphant Borough Electric provides electricity for Olyphant, Pennsylvania and is a municipally owned entity. Electricity companies must regularly report the number of customers signed up for their services to government agencies. In the most recent report the provider disclosed a total of 2,675 customers receiving electricity from the company. Approximately 0.07% of these customers are industrial properties, 7.33% are commercial customer accounts and 92.60% are residential properties. On average, Olyphant Borough Electric's patrons spend 17.50 cents per kilowatt hour for their residential electricity. This is 1.87% above the state's average rate of 17.18 cents, resulting in the supplier ranking 45th out of 62 suppliers in Pennsylvania for lowest average electricity price. The company sold 22,968 megawatt hours in 2019 by way of traditional retail sales. During the same timeframe, the company procured 24,145 megawatt hours through wholesale electricity channels. Their total revenue for 2019 from electricity related activities was $3,864,000, the entirety of which came from retail sales to end users.

The average monthly residential power bill for a consumer of Olyphant Borough Electric is $125.18 per month. Customers of the company pay 10.78% less compared to the rest of the state. The supplier does not have ownership in any electricity generation facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other providers.