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. The company has 37,306 customers. There are 33,263 residential customers, 4,005 commercial accounts and 38 industrial customers. Upper Michigan Energy Resources' patrons are charged an average residential electricity rate of 15.59 cents per kilowatt hour, which is 19.20% below the average state rate of 19.30 cents and 3.87% below the US average of 16.22. They sold 124,849 megawatt hours in 2023 by way of wholesale sales. The electricity produced in the company's power plants made up 34.51% of the electricity sourced by the company. The purchase of wholesale electricity made up an additional 65.49%. Their total revenue for 2023 from electricity related activities was $150,028,700, with $8,019,200 coming from wholesale electricity sales and $138,469,200 from retail sales to end users.

The average residential electricity bill for a customer of Upper Michigan Energy Resources is $92.02 per month. Consumers of the provider pay a 20.59% markdown compared to other residents of Michigan. The power grid managed by the company experiences an average of 1.01 outages per consumer each year, with outages lasting an average of 187 minutes. The nationwide average for other companies is 1.44 outages per consumer and roughly 123.49 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.