Wellsborough Electric Company

About Wellsborough Electric Company

Wellsborough Electric Company is an investor owned organization serving Pennsylvania including cities such as Wellsboro, Blossburg, Elkland, Westfield, and Knoxville. With 6,381 customers, the provider serves 4 industrial properties, 1,226 commercial locations and 5,151 residential customer accounts. Wellsborough Electric Company bills their consumers a residential electricity rate of 19.82 cents per kilowatt hour on average, which is 14.19% more than the average state rate of 17.35 cents and 26.74% above the nationwide average of 15.64. Roughly 91 megawatt hours were sold to other suppliers through whole channels in 2022. The electricity sourced by the company is made up primarily of megawatt hours they purchased on the wholesale market. Of the total electricity sourced whole purchased made up 100.00%. In 2022, the provider earned a total of $12,666,000 from retail electricity sales to end users and $16,000 via sales via wholesale electricity channels. Their total revenue from all electricity related activities was $13,978,000.

The average residential power bill for a customer of Wellsborough Electric Company is $131.38. Consumers of the supplier pay 0.04% less compared to the rest of the state. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end customers. The power grid managed by the company experiences an average of 1.09 outages per customer a year, with outages lasting on average 142 minutes. The US average for other providers is 1.27 outages per consumer and 137.24 minutes each outage.