Reading Municipal Light Department

About Reading Municipal Light Department

With headquarters in Reading, Massachusetts, Reading Municipal Light Department provides electricity to 2 counties throughout the state and is classified as a municipally owned organization. Reading Municipal Light Department's patrons pay an average residential electricity rate of 15.96 cents per kilowatt hour. Thankfully, this is 41.73% lower than Massachusetts' average price of 27.40 cents. They had total sales and disposition of 662,180 megawatt hours in 2023, of which 3,831 were from wholesale sales to other electricity companies. The electricity sourced by the company is made up of multiple sources including megawatt hours they generate in their power plants and supplementary megawatt hours purchased by way of wholesale channels. These categories comprise 0.08% and 99.92%, respectively, of the total electricity sourced by the company. The revenue for Reading Municipal Light Department for 2023 from electricity sales was $94,848,200, with $90,930,400 coming from retail sales to end users and $560,000 from wholesale electricity sales.

Consumers of the company have an average residential electricity bill of $133.34. This is 11.95% lower than the Massachusetts average of $150.47. Consumers of the provider are faced with 0.3 electrical outages a year with outages lasting an average of 26.13 minutes. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users.