Union Rural Electric Cooperative

About Union Rural Electric Cooperative

Union Rural Electric Cooperative has their head offices in Marysville, Ohio and supplies electricity in 5 cities within the state. Presently, 11,070 consumers receive their electricity from the supplier. These customers are a mix of 10,674 residential accounts, 389 commercial customers and 7 industrial customers. Union Rural Electric Cooperative averages 16.95 cents per kilowatt hour charged to their patrons for residential electricity, which is 7.54% above the average national rate of 15.76 cents. In 2022 they sold 97.87% 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 2022 from electricity activities was $58,646,700, with $58,373,100 coming from retail sales to end users.

The state average monthly residential electricity bill is $145.51, while the Union Rural Electric Cooperative average is 32.40% higher at $189.37 per month. Union Rural Electric Cooperative is the 104th ranked company in the state for average monthly bill amount. The grid operated by the company has 0.65 outages per consumer per year, with outages lasting roughly 64.1 minutes. The US average for other companies is 1.45 outages per customer and 171.11 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.