Traverse City Light & Power

Electricity Rates, Plans & Statistics

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About Traverse City Light & Power

Traverse City Light & Power is a municipally owned organization serving Traverse City, Michigan and other areas of Grand Traverse County. The provider recently disclosed a total of 12,812 total customers, 74.60% of which are residential customers, 25.08% are commercial customer accounts and 0.32% are industrial accounts. Traverse City Light & Power averages 10.41 cents per kilowatt hour billed to their customers for residential electricity, which is 41.02% lower than the average Michigan rate of 17.65 cents. Of the 326,958 megawatt hours the company sold and dispossessed, 316,168 were via sales to end users. During the same timeframe, the provider purchased 326,958 megawatt hours via the wholesale market. In 2020 they had total electricity related revenue of $33,045,000, with 88.33% coming from retail sales.

Customers of the provider pay an average monthly residential electric bill of $55.49. This is 50.02% below the Michigan average of $118.49. 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 companies.

Traverse City Light & Power Net Metering

Traverse City Light & Power gives their customers the ability to take advantage of net metering options. Net metering allows residents to sell megawatt hours back to their company, which makes the installation of solar panels and other alternative electricity sources more financially viable.

Energy Loss

All companies who transmit electricity suffer from some energy loss via heat depletion or other factors. Traverse City Light & Power is no different, as they average an annual loss of roughly 3.30% of the total electricity they generate. This percentage of loss results in them being given a rank of 428th best out of 3509 companies who report energy loss in the nation and 10th best out of 56 in the state.

Traverse City Light & Power Rate & Electric Bills

Traverse City Light & Power residential electric rates are highest in January and the highest average bill is in July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.108/kWh$0.104/kWh$55.49/mo.$52.07/mo.
656th10.41¢Traverse City Light & Power's Average residential price per kWh
65th$55.49Average monthly electricity bill for Traverse City Light & Power's residential customers

Traverse City Light & Power Overview

  • Company Type:Municipal
  • Headquarters:1131 Hastings Street
    Traverse City, Michigan 49686
    United States of America
  • Director/Superintendent:Daren Dixon

Traverse City Light & Power Contact

Traverse City Light & Power Service

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Energy provider of the year for Michigan, Mid-Sized Provider Category
Top 3 Lowest Average Residential Monthly Bill
Michigan, Mid-Sized Provider Category
Claim Award
Energy provider of the year for Michigan, Major Provider Category
Top 3 Lowest Residential Electricity Rate
Michigan, Major Provider Category
Claim Award
Energy provider of the year for Michigan, Major Provider Category
Top 3 Lowest Average Residential Monthly Bill
Michigan, Major Provider Category
Claim Award

Energy Loss

Traverse City Light & Power's energy loss due to business operations.

-3.30%

Total Energy Loss

10,790MWh

428 National Rank

Traverse City Light & Power Coverage Map

Coverage Map Placeholder

Traverse City Light & Power State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Michigan12,81229,190,00022100%

Traverse City Light & Power County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Grand Traverse County95,238516.19$110.96/mo

Traverse City Light & Power Reviews

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Traverse City Light & Power FAQ:

How much is the average bundled bill for Traverse City Light & Power customers each month?

Currently, the average monthly bundled electric bill for customers of Traverse City Light & Power is $55.49. The state average bundled bill is $118.49 and the national average is $118.49.

Who is the CEO of Traverse City Light & Power?

Daren Dixon is the CEO of Traverse City Light & Power.

What is the average bundled electricity rate for Traverse City Light & Power customers?

Consumers of Traverse City Light & Power, on average, have an electricity bundled rate 10.41 cents per kilowatt hour (¢/kWh).

What is the phone number for Traverse City Light & Power?

The Traverse City Light & Power phone number is (231) 922-4940.

Last Reviewed By: Matt Hope
Published: 2022-08-01