Salt River Electric

Electricity Rates, Plans & Statistics

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About Salt River Electric

Salt River Electric supplies electricity to 5 counties in Kentucky. The entity is an electricity cooperative. They currently provide electricity to residential, commercial and industrial customer accounts, with a total of 22 industrial customers, 3,403 commercial accounts and 50,550 residential customer accounts subscribed. Salt River Electric's customers spend, on average, 8.77 cents per kilowatt hour for their electricity, which is 27.03% lower than the average Kentucky rate of 12.02 cents and 37.85% below the US average of 14.11. In 2020 they sold 95.84% of their megawatt hours to end users (known as retail sales). The electricity they sourced consisted of megawatt hours that they acquired on wholesale channels. They purchased 1,234,705 wholesale megawatt hours. Their revenue for 2020 from electricity related activities was $98,313,000, with 99.08% coming from retail sales to end users.

The average monthly residential electric bill for a customer of Salt River Electric is $107.43. Electricity production is not part of the Salt River Electric business model, as they purchase electricity at wholesale rates from other providers and then resell to their customers.

Salt River Electric Net Metering

Net metering is offered to customers of Salt River Electric. This is a positive for any consumer potentially installing solar panels, as net metering allows them to sell their unneeded electricity back to the grid.

Energy Loss

Salt River Electric reports energy loss of 4.13% of their generation during transmission. The state average for energy loss is 3.52% and the US average is 2.76%. This leaves Salt River Electric with a ranking of 19th best out of 58 companies in Kentucky and 669th best out of 3509 suppliers in the United States.

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 Electricity Rates:

Price Per kWhAverage Bill$0.092/kWh$0.088/kWh$121.66/mo.$107.43/mo.
239th8.77¢Salt River Electric's Average residential price per kWh
1313th$107.43Average monthly electricity 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

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

    Energy Loss

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

    -4.13%

    Total Energy Loss

    51,025MWh

    669 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 County82,21739.60$109.19/mo
    Marion County19,581411.22$127.78/mo
    Nelson County46,73849.31$111.96/mo
    Spencer County19,49039.24$112.13/mo
    Washington County12,02749.25$111.87/mo

    Cities Salt River Electric Has Coverage

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

    Salt River Electric Reviews

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    Salt River Electric FAQ:

    What is the phone number for Salt River Electric?

    Salt River Electric's customer service phone number is (800) 221-7465

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

    The average monthly bundled electric bill for customers of Salt River Electric is $107.43. The Kentucky average bundled bill is $129.38 and the nationwide average is $129.38.

    Who is the CEO of Salt River Electric?

    The current CEO of Salt River Electric is Tim Sharp.

    How many counties does Salt River Electric sell electricity to?

    There are 5 counties that receive at least some electricity coverage by Salt River Electric.

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

    Salt River Electric's current average bundled electricity rate is 8.77 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 12.02 cents and the average nationwide rate of 14.11 cents.

    What cities does Salt River Electric have customers in in?

    Salt River Electric provides electricity to 12 cities throughout the nation including Kentucky.

    Last Reviewed By: Ginalyn Gelera
    Published: 2022-08-01