Skaneateles, New York Electric Utility

About Skaneateles, New York Electric Utility

Skaneateles, New York Electric Utility provides electricity for Skaneateles, New York and is a municipally owned entity. With 1,647 consumers, the supplier provides electricity to 1,299 residential customers, 310 commercial properties and 38 industrial accounts. On average, Skaneateles, New York Electric Utility's residential electricity price is 7.70 cents per kilowatt hour, which is 61.55% lower than the average New York price of 20.04 cents. They had total sales and disposition of 33,498 megawatt hours in 2019, of which 33,498 megawatt hours were via retail sales. The electricity sourced by the company is made up primarily of megawatt hours they procured by way of the wholesale market. Of the electricity sourced whole purchased made up 100.00%. Skaneateles, New York Electric Utility made $1,229,800 in 2019. The entirety of the revenue came from electricity sales to end users alone.

The nationwide average monthly residential power bill is $132.69, while the Skaneateles, New York Electric Utility average is 51.89% below at $63.85 per month. This is the 89th lowest average monthly bill amount for a provider in the nation. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end customers.