Steuben County REMC

About Steuben County REMC

Steuben County REMC provides electricity for 2 counties in Indiana such as the counties of DeKalb County and Steuben County. The company is an electricity cooperative. With 9,722 total consumers, the provider supplies electricity to 9 industrial locations, 591 commercial locations and 9,122 residential customer accounts. Steuben County REMC charges their patrons a residential electricity rate of 12.86 cents per kilowatt hour on average. This is 17.77% below the US average rate of 15.64 cents, which ranks the supplier 1439th out of 2893 suppliers in the nation for lowest average electricity price. The provider sold 188,875 megawatt hours by way of retail sales in 2019. The electricity sourced by the supplier primarily came from megawatt hours that they procured on the wholesale electricity market. They purchased 197,454 wholesale megawatt hours. The revenue for Steuben County REMC for 2019 from electricity sales was $20,981,700, with $20,867,700 from retail sales to end users.

The average monthly residential power bill for a consumer of Steuben County REMC is $113.93 per month. Customers of the company pay 10.52% less compared to the rest of the state. The supplier does not have ownership in any electricity generation facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other providers.