Union Rural Electric Cooperative

About Union Rural Electric Cooperative

Union Rural Electric Cooperative has their head offices in Marysville, Ohio and supplies electricity in 4 cities within the state. Presently, 14,162 consumers receive their electricity from the supplier. These customers are a mix of 13,593 residential accounts, 553 commercial customers and 16 industrial customers. Union Rural Electric Cooperative averages 16.07 cents per kilowatt hour charged to their patrons for residential electricity, which is 0.94% below the average national rate of 16.22 cents. In 2023 they sold 97.93% of their megawatt hours by way of normal retail sales to end users. The electricity sourced by the company is made up primarily of megawatt hours they procured on wholesale channels. This category makes up 100.00% of all electricity sourced. Their revenue for 2023 from electricity activities was $59,124,800, with $58,723,000 coming from retail sales to end users.

The state average monthly residential electricity bill is $145.99, while the Union Rural Electric Cooperative average is 43.71% higher at $208.67 per month. Union Rural Electric Cooperative is the 103rd ranked company in the state for average monthly bill amount. The grid operated by the company has 1.3 outages per consumer per year, with outages lasting roughly 70 minutes. The US average for other companies is 1.44 outages per customer and 123.49 minutes each outage. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it to end consumers.