Ontonagon REA

About Ontonagon REA

With their main offices in Ontonagon, Michigan, Ontonagon REA supplies electricity to 5 counties throughout Michigan and is classified as an electricity cooperative. Electricity companies must regularly report the number of customers signed on for their services to government agencies. Most recently the supplier disclosed a total of 4,886 customers signed up to receive electricity from the company. Approximately 0.08% of these customers are industrial properties, 7.33% are commercial customer accounts and 92.59% are residential properties. On average, Ontonagon REA charges their consumers a residential electricity rate of 25.99 cents per kilowatt hour. Unfortunately, this is 47.46% more than Michigan's average price of 17.63 cents, ranking the company at 59th out of 60 providers in Michigan for lowest average electricity price. The provider had total sales and disposition of 24,437 megawatt hours in 2019, of which 100.00% were from retail sales. The electricity sourced by the company primarily came from megawatt hours that they procured by way of wholesale channels. They purchased 28,275 wholesale megawatt hours. The provider made $6,219,000 in 2019, all of which came from electricity sales to end users.

The nationwide average monthly residential electric bill is $120.98, while the Ontonagon REA average is 19.65% less at $97.2 per month. The provider does not have ownership in any electricity generation facilities and all of the power that they sell to their customers must be purchased from other companies.