Hardwick Electric

About Hardwick Electric

Electricity companies must regularly report their customer counts to government agencies. Most recently the provider reported a total of 4,348 customers signed on to receive electricity from the company. Around 0.46% of these customers are industrial accounts, 8.76% are commercial customer accounts and 90.78% are residential properties. Hardwick Electric has an average residential electricity rate of 22.47 cents per kilowatt hour. This is 42.59% higher than the national average rate of 15.76 cents, which ranks the provider 2843rd lowest for average electricity rate out of 2892 companies in the country. In 2019 Hardwick Electric had retail sales of 33,808 megawatt hours. Electricity production and wholesale power purchases made up 8.63% and 94.63%, respectively, of the total electricity sourced. Electricity facilities the company owns generated 3,131 megawatt hours and an additional 34,316 were acquired via wholesale channels. Their total revenue in 2019 from electricity related activities was $6,097,000, with $6,064,000 from retail sales to end users.

The average monthly residential electric bill for a customer of Hardwick Electric is $107.32 per month, while the US average is $135.34. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it to end consumers.