Traverse City Light & Power

About Traverse City Light & Power

Traverse City Light & Power is a municipally owned organization with headquarters in Traverse City, Michigan and supplying power to customers in Traverse City,Michigan. There are 12,812 customers of the provider. Exactly 9,558 of them are residential customers, 3,213 are commercial customers and 41 of them are industrial accounts. Traverse City Light & Power's customers purchase electricity for, on average, 10.41 cents per kilowatt hour, which is 39.18% below the state's average price of 17.12 cents. This makes the company 6th best for average electricity price out of 60 companies in the state. There were a total of 316,168 megawatt hours sold through retail sales in 2020 by the supplier. The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. In 2020, the provider made a total of $29,190,000 from retail electricity sales.

The average monthly residential power bill for a customer of Traverse City Light & Power is $55.49, while the Michigan average is $112.76. Patrons of the supplier have a 48.57% discount compared to other citizens of the state. Electricity generation is not part of the Traverse City Light & Power business model, as they purchase electricity at wholesale rates from other suppliers to then be resold to their consumers.

Traverse City Light & Power Net Metering

Offering net metering to consumers is a win-win situation for Traverse City Light & Power and any individuals who get their electricity from the company. This is a positive for any consumer considering installing personal solar panels, as net metering allows them to sell their unneeded electricity back to their electricity supplier.

Energy Loss

Traverse City Light & Power currently suffers from the loss of about 3.30% of the electricity that they generate. This percentage of electricity lost gives them a rank of 10th best out of 56 companies who report energy loss 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 Electric Rates:

Price Per kWHAverage Bill$0.108/kWh$0.104/kWh$55.49/mo.$52.07/mo.
716th10.41¢Traverse City Light & Power's Average residential price per kWh
86th$55.49Average monthly electric 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
  • CEO:Daren Dixon

Traverse City Light & Power Contact

Traverse City Light & Power Service

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, 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, Mid-Sized Provider Category
Lowest Residential Electricity Rate
Michigan, Mid-Sized Provider Category
Claim Award

Energy Loss

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

-3.30%

Total Energy Loss

10,790MWh

429 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 County93,088315.16$104.10/mo

Traverse City Light & Power Reviews

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Traverse City Light & Power FAQ:

Who is the CEO of Traverse City Light & Power?

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

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

Customers of Traverse City Light & Power pay, on average, a monthly bundled bill of $55.49.

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

Traverse City Light & Power's customer service phone number is (231) 922-4940

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

The average bundled price of electricity for consumers of Traverse City Light & Power is 10.41 cents per kilowatt hour (¢/kWh).

Last Reviewed By: Matt Hope
Published: 2021-03-16Last Updated: 2022-01-07