Peabody Municipal Light Plant

About Peabody Municipal Light Plant

Peabody Municipal Light Plant is a municipally owned entity with headquarters in Peabody, Massachusetts and providing power to customers in Essex County, Massachusetts. A total of 23,770 residential customer accounts, 3,326 commercial customers and 2,627 industrial customers receive their electricity from the provider. Consumers of Peabody Municipal Light Plant are charged an average residential electricity price of 15.78 cents per kilowatt hour , which is less than both the Massachusetts and the nationwide average prices of 27.40 and 16.22 cents per kilowatt hour, respectively. They had sales of 465,645 megawatt hours in 2023 by way of retail sales. Electricity production and wholesale power purchases made up 0.90% and 99.10%, respectively, of all electricity sourced. Electricity facilities the company owns generated 4,314 megawatt hours and an additional 473,502 were purchased by way of the wholesale market. In 2023, the provider earned a total of $70,557,400 from retail electricity sales.

The average residential electric bill for a consumer of Peabody Municipal Light Plant is $113.71, while the state average is $150.47. Electricity generation plants owned or managed by the provider use non-renewable fuels to generate 100.00% of their total electricity generation, or 4,314 megawatt hours. They rank 17th out of 73 companies in Massachusetts. Peabody Municipal Light Plant ranks as the 552nd highest total electricity generator out of 3530 providers in the US. The company is the 315th highest out of 3530 providers in the US for megawatt hours produced from the burning of natural gas.