Versailles, Ohio Electric Utility

About Versailles, Ohio Electric Utility

Versailles, Ohio Electric Utility is headquartered in Versailles, Ohio and it supplies electricity in the population who live there. Electricity companies must regularly report the number of customers they have to government agencies. On the most recent reports the company reported a total of 1,940 customers signed on for their services. Approximately 0.62% of these customers are industrial accounts, 16.65% are commercial customer accounts and 82.73% are residential accounts. The average residential electricity price for Versailles, Ohio Electric Utility is about 13.12 cents per kilowatt hour, which is 17.56% below the average state price of 15.92 cents and 16.07% lower than the US average of 15.64. There were a total of 71,858 megawatt hours sold to retail consumers in 2019 by the company. The electricity they sourced was made up of megawatt hours that they purchased by way of wholesale channels. They purchased 75,682 on the wholesale market. In 2019, the provider made a total of $7,727,000 from business activities relating to the sale and transfer of electricity. They had revenue of $7,700,000 from retail sales to end users.

The state average monthly residential electric bill is $129.91, while the Versailles, Ohio Electric Utility average is 2.01% less at $127.24 per month. This is the 82nd lowest average monthly bill amount for a supplier in the state. The provider is not associated with any electricity generation plants and all of the power that they sell to their customers must be purchased from other suppliers.