Springville Utilities

About Springville Utilities

Springville Utilities is a municipally owned organization supplying electricity in Springville, New York. At the time of the most recent government reports, the supplier disclosed a total of 2,699 electricity customers. This total is made up of 37 industrial accounts, 668 commercial customers and 1,994 residential accounts. Springville Utilities' consumers are charged an average residential electricity rate of 6.41 cents per kilowatt hour. Fortunately for their consumers, this price is below both the New York and the nationwide average prices of 22.66 and 16.22 cents per kilowatt hour, respectively. Springville Utilities had total sales and disposition of 64,634 megawatt hours in 2019, of which 90.17% were via sales to end users. During the same timeframe, Springville Utilities acquired 65,285 megawatt hours through the wholesale market. In 2019, Springville Utilities earned $3,210,600 in total revenue solely through retail electricity sales.

Customers of the supplier pay an average monthly residential electricity bill of $73.22. This is 48.93% lower than the US average bill of $143.38. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it at a higher rate to end consumers.