Ripley Power and Lights

About Ripley Power and Lights

Ripley Power and Lights is a municipally owned entity providing electricity in 4 cities in the state of Tennessee. There are 6,642 customers of the provider. Exactly 5,193 of them are residential accounts, 1,446 are commercial customers and 3 of them are industrial customers. Customers of Ripley Power and Lights are billed an average residential electricity rate of 12.20 cents per kilowatt hour. Fortunately for their patrons, this price is lower than both the state and national average prices of 12.29 and 15.76 cents per kilowatt hour, respectively. The company sold 179,258 megawatt hours in 2022 via retail accounts. The megawatt hours sourced by the company primarily came from megawatt hours that they purchased via wholesale channels. They purchased 185,904 wholesale megawatt hours. Their total revenue for 2022 from electricity activities was $20,940,400, with $20,351,000 coming from retail sales to end users.

The state average monthly residential electricity bill is $140.79, while the Ripley Power and Lights average is 4.80% less at $134.29 per month. This is the 37th lowest average monthly bill amount for a supplier in the state. The grid operated by the company has 0.93 outages per consumer per year, with outages lasting roughly 147.46 minutes. The US average for other companies is 1.45 outages per customer and 171.11 minutes each outage. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it to end consumers.