Upper Michigan Energy Resources

About Upper Michigan Energy Resources

Upper Michigan Energy Resources is an investor owned organization headquartered in Milwaukee, Wisconsin and serving customers in 13 cities in Michigan such as the cities of Menominee, Iron Mountain, Kingsford, Iron River, and Norway. Upper Michigan Energy Resources bills their consumers a residential electricity rate of 14.46 cents per kilowatt hour on average, which is 23.40% below the average state price of 18.88 cents. The supplier had total sales and disposition of 1,919,823 megawatt hours in 2022, of which 1,705,740 megawatt hours were via sales to end users. The electricity generated in the company's power plants made up 37.31% of the electricity sourced by the company and the purchase of wholesale electricity made up an additional 62.69%. In 2022, they made a total of $200,703,600 from business activities relating to the sale and transfer of electricity. They had 6.66% of their revenue come from wholesale electricity sales and 91.07% from retail sales to end users.

The average residential electricity bill for a customer of Upper Michigan Energy Resources is $80.51 per month. Consumers of the provider pay a 25.08% markdown compared to other residents of Michigan. The power grid managed by the company experiences an average of 1.39 outages per consumer each year, with outages lasting an average of 286 minutes. The nationwide average for other companies is 1.45 outages per consumer and roughly 171.11 minutes per outage. Electricity production is not handled in house at the company, as they purchase power at wholesale rates and then resell to their customers.