Salem Electric

About Salem Electric

Salem Electric is an electric cooperative serving the state of Oregon such as the cities of Salem, Keizer, and Eola CDP. At the moment, there are 20,674 customers of the provider. About 0.05% of them are industrial accounts, 11.78% are commercial customer accounts and 88.17% are residential customers. Consumers of Salem Electric purchase electricity for, on average, 10.29 cents per kilowatt hour. Fortunately for their consumers, this rate is lower than both the Oregon and nationwide average rates of 12.63 and 15.64 cents per kilowatt hour, respectively. Of the 339,118 megawatt hours the provider sold and dispossessed, 97.58% 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 2022 from electricity activities was $32,911,000, with $32,620,000 from retail sales to end users.

The Oregon average monthly residential electric bill is $117.09, while the Salem Electric average is 17.22% lower at $94.25 per month. This is the 11th lowest average monthly bill amount for a supplier in the state. The power grid managed by the supplier has an average of 0.5 outages per customer a year, with outages lasting on average 48.35 minutes. The US average for other companies is 1.27 outages per consumer and around 137.24 minutes each outage. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users.