Salt River Electric

About Salt River Electric

Salt River Electric is headquartered in Bardstown, Kentucky and supplies electricity in 12 cities in the state. They currently supply electricity to residential, commercial and industrial customer accounts, with a total of 50,550 residential customer accounts, 3,403 commercial customers and 22 industrial accounts subscribed. Salt River Electric's consumers are charged an average residential electricity price of 8.77 cents per kilowatt hour, which is 33.88% less than the average US rate of 13.26 cents. In 2020 the company had retail sales of 1,183,288 megawatt hours. The electricity sourced was made up of megawatt hours that they purchased by way of the wholesale electricity market. They purchased 1,234,705 wholesale megawatt hours. In 2020, the company made a total of $98,313,000 from business activities relating to the sale and transfer of electricity. They had 99.08% of their revenue coming from retail sales to end users.

The average residential electricity bill for a consumer of Salt River Electric is $107.43, while the Kentucky average is $122.32. Patrons of the company pay 12.62% less compared to other residents of Kentucky. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates to then be resold to their customers.

Salt River Electric Net Metering

Consumers of Salt River Electric are able to participate in net metering offerings, which is a positive for both parties. This makes it cheaper for people who are interested to install solar and other alternative electricity options as they have the ability to sell excess megawatt hours into the grid.

Energy Loss

Providers routinely submit data for energy lost through electricity transmission to government agencies who track infrastructure efficiencies. Salt River Electric recently reported a loss of 4.13% of their electricity production total. The state of Kentucky has an energy loss average of 3.52% and the US average is 2.76%, resulting in Salt River Electric receiving a rank of 19th best out of 58 companies who report energy loss in the state.

Salt River Electric Rate & Electric Bills

Salt River Electric residential electric rates are highest in January and the highest average bill is in January.

Historical Electric Rates:

Price Per kWHAverage Bill$0.092/kWh$0.088/kWh$121.66/mo.$107.43/mo.
266th8.77¢Salt River Electric's Average residential price per kWh
1396th$107.43Average monthly electric bill for Salt River Electric's residential customers

Salt River Electric Overview

  • Company Type:Cooperative
  • Headquarters:111 West Brashear Avenue
    Bardstown, Kentucky 40004
    United States of America
  • CEO:Tim Sharp

Salt River Electric Contact

Salt River Electric Service

    Energy provider of the year for Kentucky, Major Provider Category
    Top 3 Lowest Residential Electricity Rate
    Kentucky, Major Provider Category
    Claim Award
    Energy provider of the year for Kentucky, Mid-Sized Provider Category
    Top 3 Lowest Residential Electricity Rate
    Kentucky, Mid-Sized Provider Category
    Claim Award

    Energy Loss

    Salt River Electric's energy loss due to business operations.

    -4.13%

    Total Energy Loss

    51,025MWh

    670 National Rank

    Salt River Electric Coverage Map

    Coverage Map Placeholder

    Salt River Electric State Coverage

    StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
    Kentucky53,97597,406,00015100%

    Salt River Electric County Coverage

    CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
    Bullitt County81,67639.42$106.78/mo
    Marion County19,273411.10$126.34/mo
    Nelson County46,23349.13$110.13/mo
    Spencer County19,35139.06$110.28/mo
    Washington County12,09549.17$110.84/mo

    Cities Salt River Electric Has Coverage

    • Bardstown, KY
    • Bloomfield, KY
    • Fox Chase, KY
    • Hebron Estates, KY
    • Hillview, KY
    • Hunters Hollow, KY
    • Lebanon Junction, KY
    • Mount Washington, KY
    • Shepherdsville, KY
    • Springfield, KY
    • Taylorsville, KY
    • Willisburg, KY

    * City coverage generated based on government data. Always verify you can get service from the provider.

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    Salt River Electric FAQ:

    What is the phone number for Salt River Electric?

    The Salt River Electric phone number is (800) 221-7465.

    What is the average bundled electricity rate for Salt River Electric customers?

    Salt River Electrics current average bundled electricity rate is 8.77 cents per kilowatt hour (¢/kWh), compared to the average Kentucky bundled rate of 11.07 cents and the average nationwide rate of 13.26 cents.

    Who is the CEO of Salt River Electric?

    The CEO of Salt River Electric is Tim Sharp.

    How much is the average bundled bill for Salt River Electric customers each month?

    Consumers of Salt River Electric pay, on average, a monthly bundled bill of $107.43.

    How many counties does Salt River Electric supply electricity in?

    Salt River Electric provides electricity in 5 counties.

    What cities does Salt River Electric have customers in in?

    Salt River Electric provides electricity to 12 cities in the country.

    Last Reviewed By: Ginalyn Gelera
    Published: 2021-03-16Last Updated: 2022-01-06