Penn Yan, New York Electric Utility

About Penn Yan, New York Electric Utility

Penn Yan, New York Electric Utility serves electricity to Penn Yan, New York and is a municipally owned entity. There are 3,108 customer accounts who are served by the supplier. These customer accounts are made up of 3.31% industrial customers, 11.97% commercial properties and 84.72% residential properties. On average, Penn Yan, New York Electric Utility's patrons purchase residential electricity for 4.20 cents per kilowatt hour. Fortunately for their customers, this price is lower than both the New York and the nationwide average rates of 20.75 and 15.39 cents per kilowatt hour, respectively. Approximately 95,460 megawatt hours were sold by the provider to retail end users in 2019. The electricity sourced by Penn Yan, New York Electric Utility is made up primarily of megawatt hours they procured on wholesale channels. Of the electricity sourced by the company, whole purchased made up 102.87%. The total revenue of the provider in 2019 was $3,057,100, which was earned entirely through electricity sales to retail customers.

Consumers of the company pay an average residential electricity bill of $42.4. This is 67.61% below the nationwide average bill of $130.88. Electricity production is not part of the Penn Yan, New York Electric Utility business plan, as they purchase electricity at wholesale rates and then resell to their consumers.