Sweetwater Utilities

About Sweetwater Utilities

Sweetwater Utilities is a municipally owned entity. The largest county served by Sweetwater Utilities is Loudon County, but the company also operates in in 4 counties in the state of Tennessee. At the moment, 9,597 consumers receive their electricity from the company. These customers are a mix of 4 industrial properties, 2,208 commercial customers and 7,385 residential customer accounts. The average residential electricity rate for consumers of Sweetwater Utilities is roughly 11.89 cents per kilowatt hour. This is 23.93% less than the national average price of 15.64 cents, which ranks the provider 949th best for average electricity rate out of 2893 suppliers in the United States. In 2022 they sold 249,802 megawatt hours to end users (known as retail sales). The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 263,017 megawatt hours acquired by the company. In 2022, the supplier had revenue of $28,214,000 from retail electricity sales to end users.

The national average monthly residential power bill is $132.69, while the Sweetwater Utilities average is 14.72% more at $152.22 per month. Sweetwater Utilities is the 2312th ranked provider in the country for average monthly bill amount. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end customers.