Providence, Kentucky Electric Utility

About Providence, Kentucky Electric Utility

Providence, Kentucky Electric Utility provides electricity in Providence, Kentucky. At the time of the most recent government reports, the supplier had a total of 1,236 electricity customers receiving their services. This total is made up of 11.81% commercial customer accounts and 88.19% residential accounts. On average, Providence, Kentucky Electric Utility bills their customers a residential electricity price of 13.63 cents per kilowatt hour. While this is above the Kentucky average rate of 12.91 cents per kilowatt hour, it is below the nationwide average of 16.22 cents. Roughly 25,004 megawatt hours were sold by the supplier to retail customers in 2019. Of the megawatt hours they sourced, 27,059 megawatt hours were obtained via the wholesale electricity market. Their total revenue for 2019 from electricity related activities was $2,967,000, the sum of which came from retail sales to end users.

The average monthly residential power bill for a consumer of Providence, Kentucky Electric Utility is $163.23 per month. Patrons of the company are stuck with a 15.93% markup compared to the rest of the state. The supplier does not have ownership in any power plants and all of the electricity that they sell to their customers must be purchased from other companies.