Sussex Rural Electric Cooperative

About Sussex Rural Electric Cooperative

Sussex Rural Electric Cooperative is an electricity cooperative supplying electricity in 2 different states throughout the United States including New York and New Jersey. In addition, this coverage territory incorporates 3 cities within these states. The provider has 12,019 electricity customers. There are 16 industrial customers, 74 commercial customers and 11,929 residential customer accounts. On average, Sussex Rural Electric Cooperative bills their customers a residential electricity rate of 12.33 cents per kilowatt hour, which is, luckily for their consumers, 21.12% below the average US rate of 15.64 cents. They sold 152,312 megawatt hours by way of retail sales in 2019. Electricity facilities owned by Sussex Rural Electric Cooperative generated 0.14% of the megawatt hours sourced by the supplier and an additional 99.86% was procured by way of the wholesale market. In 2019, they made a total of $19,857,000 from business activities relating to the sale and transfer of electricity. They had 95.46% of their revenue coming from retail sales to end users.

Customers of the supplier pay an average monthly residential electricity bill of $121.6. This is 8.36% lower than the US average bill of $132.69. 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.