Wakefield, Massachusetts Electric Utility

About Wakefield, Massachusetts Electric Utility

Wakefield, Massachusetts Electric Utility operates in 12 cities and is classified as a municipally owned organization. At the time of the most recent government reports, the provider disclosed a total of 13,136 electricity customers signed up to receive electricity from the company. This total is made up of 263 industrial customer accounts, 1,719 commercial customers and 11,154 residential accounts. Wakefield, Massachusetts Electric Utility's consumers pay an average residential electricity rate of 16.26 cents per kilowatt hour, which is 26.18% less than the state's average rate of 22.03 cents. The company sold 171,491 megawatt hours in 2019 by way of traditional retail accounts. The megawatt hours sourced by the provider primarily came from megawatt hours that they acquired via the wholesale market. They purchased 179,178 megawatt hours on the wholesale market. The total revenue for Wakefield, Massachusetts Electric Utility for 2019 from electricity sales was $28,975,000, with $27,170,000 from retail sales to end users.

Customers of the company have an average residential electric bill of $92.1. This is 34.08% lower than the Massachusetts average bill of $132.28. Electricity generation is not part of the Wakefield, Massachusetts Electric Utility business model, as they purchase electricity at wholesale rates to then be resold to their customers.

Wakefield, Massachusetts Electric Utility Net Metering

Consumers of Wakefield, Massachusetts Electric Utility are able to participate in net metering offerings, which is a positive for both parties. Installation of solar panels and other electricity sources is often too expensive for residents. Net metering allows purchasers of these electricity sources to sell excess megawatt hours back to the grid, making the installation of these alternative sources economically feasible .

Wakefield, Massachusetts Electric Utility Rate & Electric Bills

Wakefield, Massachusetts Electric Utility residential electric rates are highest in January and the highest average bill is in September.

Historical Electric Rates:

Price Per kWHAverage Bill$0.165/kWh$0.150/kWh$105.84/mo.$90.57/mo.
2712th16.26¢Wakefield, Massachusetts Electric Utility's Average residential price per kWh
861st$92.1Average monthly electric bill for Wakefield, Massachusetts Electric Utility's residential customers

Wakefield, Massachusetts Electric Utility Overview

  • Company Type:Municipal
  • Headquarters:480 North Avenue
    Wakefield, Massachusetts 01880
    United States of America
  • CEO:Pete Dion

Wakefield, Massachusetts Electric Utility Contact

Wakefield, Massachusetts Electric Utility Service

Wakefield, Massachusetts Electric Utility Coverage Map

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Wakefield, Massachusetts Electric Utility State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Massachusetts13,13626,094,10021100%

Wakefield, Massachusetts Electric Utility County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Middlesex County1,611,6991118.48$123.18/mo

Cities Wakefield, Massachusetts Electric Utility Has Coverage

  • Cambridge, MA
  • Everett, MA
  • Lowell, MA
  • Malden, MA
  • Marlborough, MA
  • Medford, MA
  • Melrose, MA
  • Newton, MA
  • Somerville, MA
  • Waltham, MA
  • Watertown Town, MA
  • Woburn, MA

* City coverage generated based on government data. Always verify you can get service from the provider.

Wakefield, Massachusetts Electric Utility Reviews

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Wakefield, Massachusetts Electric Utility FAQ:

What cities does Wakefield, Massachusetts Electric Utility supply electricity to?

Wakefield, Massachusetts Electric Utility supplies to 12 cities throughout the nation.

Who is the CEO of Wakefield, Massachusetts Electric Utility?

Wakefield, Massachusetts Electric Utility’s current CEO is Pete Dion.

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

The average bundled rate of electricity for consumers of Wakefield, Massachusetts Electric Utility is 16.26 cents per kilowatt hour (¢/kWh).

What is the average bundled bill for Wakefield, Massachusetts Electric Utility customers each month?

Wakefield, Massachusetts Electric Utility currently has an average monthly bundled electric bill of $92.10, compared to the Massachusetts average of $132.28 and the US of $132.28 for bundled service.

What is the phone number for Wakefield, Massachusetts Electric Utility?

You can reach Wakefield, Massachusetts Electric Utility by phone via (781) 246-6363.

Last Reviewed By: Fernando García
Published: 2021-03-16Last Updated: 2022-01-11