Princeton Electric

About Princeton Electric

Princeton Electric supplies electricity in Bureau County, Illinois. There are 4,945 customers receiving service from the supplier. These customers are made up of 81.35% residential properties, 17.51% commercial locations and 1.13% industrial accounts. Princeton Electric has an average residential electricity price of 14.35 cents per kilowatt hour, which is, luckily for their patrons, 11.53% lower than the average national price of 16.22 cents. The supplier had total sales and disposition of 106,716 megawatt hours in 2019, of which 96,242 megawatt hours were from sales to end users. The electricity sourced by the company is made up of multiple sources of megawatt hours including 529 megawatt hours produced at power facilities owned by the company and 106,187 megawatt hours purchased via wholesale channels. In 2019, they made a total of $10,309,000 from business activities relating to the sale and transfer of electricity. They had revenue of $10,200,000 from retail sales to end users.

Consumers of the supplier pay an average residential electricity bill of $99.83. This is 30.37% less than the United States average of $143.38. Electricity generation is not part of the Princeton Electric business model, as they purchase electricity at wholesale rates from other suppliers to then be resold to their customers. Princeton Electric produces 1,023 megawatt hours from their electricity facilities, which ranks them as the 64th largest producer of electricity in the state out of 111 suppliers. Princeton Electric is the 34th largest supplier out of 111 electricity companies in Illinois based on total megawatt hours sold.