Salem Electric

About Salem Electric

Salem Electric is an electric cooperative serving the state of Oregon, including cities like Salem, Keizer, and Eola CDP. At the moment, there are 21,231 customers of the provider. About 0.03% of them are industrial accounts, 11.69% are commercial customer accounts and 88.29% are residential customers. Consumers of Salem Electric purchase electricity for, on average, 11.05 cents per kilowatt hour. Fortunately for their consumers, this rate is lower than both the Oregon and nationwide average rates of 14.58 and 16.22 cents per kilowatt hour, respectively. Of the 341,095 megawatt hours the provider sold and dispossessed, 96.80% were from retail sales. The electricity sourced by Salem Electric is made up primarily of megawatt hours they acquired by way of wholesale channels. Of the total electricity sourced whole purchased made up 100.00%. Their revenue in 2023 from electricity activities was $33,460,000, with $32,953,000 from retail sales to end users.

The Oregon average monthly residential electric bill is $129.96, while the Salem Electric average is 20.43% lower at $100.67 per month. This is the 13th lowest average monthly bill amount for a supplier in the state. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end customers.