Salt River Electric: Rates and Coverage Area

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, 3,521 commercial accounts and 52,081 residential customer accounts subscribed. Salt River Electric's customers spend, on average, 11.18 cents per kilowatt hour for their electricity, which is 11.47% lower than the average Kentucky rate of 12.62 cents and 28.30% below the US average of 15.59. In 2022 they sold 95.53% 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 1,335,583 wholesale megawatt hours. Their revenue for 2022 from electricity related activities was $137,085,000, with 98.79% coming from retail sales to end users.

The average monthly residential electric bill for a customer of Salt River Electric is $139.54 per month. 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 4.44% of their generation during transmission. The state average for energy loss is 3.69% and the US average is 2.87%. This leaves Salt River Electric with a ranking of 22nd best out of 58 companies in Kentucky and 736th best out of 3517 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 July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.112/kWh$0.088/kWh$139.54/mo.$107.43/mo.
666th11.18¢Salt River Electric's Average residential price per kWh
2011th$139.54Average monthly electricity bill for Salt River Electric's residential customers

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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 Loss

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

-4.44%

Total Energy Loss

59,302MWh

736 National Rank

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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
Kentucky55,624135,427,00015100%

Salt River Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Bullitt County83,836311.49$131.37/mo
Marion County19,556413.86$156.02/mo
Nelson County46,440411.53$139.75/mo
Spencer County19,256311.42$140.07/mo
Washington County11,957411.53$140.90/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 $139.54. The Kentucky average bundled bill is $127.56 and the nationwide average is $127.56.

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 11.18 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 12.62 cents and the average nationwide rate of 15.59 cents.

What cities does Salt River Electric have customers in in?

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

Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2023-08-23