Wakefield Electric

Electricity Rates, Plans & Statistics

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About Wakefield Electric

Wakefield Electric is a municipally owned organization supplying electricity in Wakefield, Michigan and rural areas of Gogebic County. The supplier has 2 industrial customer accounts, 951 residential customers and 98 commercial customer accounts within their service area. Wakefield Electric bills their patrons a residential electricity rate of 10.72 cents per kilowatt hour on average, which is 39.28% below the average state rate of 17.65 cents and 24.04% below the US average of 14.11. In 2019 the company sold 91.24% of their total megawatt hours disposed to end users (known as retail sales). Of the megawatt hours they sourced, 13,717 megawatt hours were obtained via wholesale channels. In 2019 the company had total electricity related revenue of $1,302,000, with 100.00% coming from retail sales.

Customers of the provider have an average residential electric bill of $65.3. This is 42.23% below the state average of $118.49. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates and then resell to their consumers.

Wakefield Electric Rate & Electric Bills

Wakefield Electric residential electric rates are highest in January and the highest average bill is in May.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.107/kWh$0.107/kWh$65.30/mo.$65.15/mo.
784th10.72¢Wakefield Electric's Average residential price per kWh
146th$65.3Average monthly electricity bill for Wakefield Electric's residential customers

Wakefield Electric Overview

  • Company Type:Municipal
  • Headquarters:218 Chicago Mine Road
    Wakefield, Michigan 49968
    United States of America
  • Director/Superintendent:David Semenak

Wakefield Electric Contact

Wakefield Electric Service

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Wakefield Electric Coverage Map

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Wakefield Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Michigan1,0511,271,70059100%

Wakefield Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Gogebic County14,380614.28$92.53/mo

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Wakefield Electric FAQ:

How much is the average bundled bill for Wakefield Electric customers each month?

Wakefield Electric currently has an average monthly bundled electric bill of $65.30, compared to the Michigan average of $118.49 and the nationwide of $118.49 for bundled service.

What is the average bundled electricity rate for Wakefield Electric customers?

Wakefield Electric's current average bundled electricity rate is 10.72 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 17.65 cents and the average nationwide rate of 14.11 cents.

What is the phone number for Wakefield Electric?

Wakefield Electric's customer service phone number is (906) 229-5131

Who is the CEO of Wakefield Electric?

The current CEO of Wakefield Electric is David Semenak.

Last Reviewed By: Nick Reese
Published: 2022-08-01