Homer Electric Association

About Homer Electric Association

Homer Electric Association is an electric cooperative located in Kenai, Alaska and supplying power to customers in 5 cities in Alaska including cities like Kalifornsky CDP, Kenai, Sterling CDP, Homer, and Soldotna. Homer Electric Association's customers are charged an average residential electricity rate of 29.45 cents per kilowatt hour. Sadly for their customers, this rate is more than both the Alaska and the nationwide average rates of 23.77 and 15.76 cents per kilowatt hour, respectively. In 2022 the company sold 491,596 megawatt hours to other companies in the wholesale market. Power production plants owned by Homer Electric Association produced 448,601 megawatt hours and an additional 532,896 megawatt hours were acquired on the wholesale market. In 2022, they made a total of $172,930,100 from business activities relating to the sale and transfer of electricity. They had 39.29% of their revenue come from wholesale electricity sales and 60.17% from retail sales to end users.

The nationwide average monthly residential electric bill is $135.34, while the Homer Electric Association average is 8.58% higher at $146.95 per month. Homer Electric Association is the 2184th ranked provider in the US for average monthly bill total. With 448,512 megawatt hours produced from non-renewable fuel sources, Homer Electric Association is the 4th largest generator of megawatt hours from non-renewable sources out of 54 suppliers in Alaska Electricity production is not part of the Homer Electric Association business plan, as they purchase electricity at wholesale rates from other providers to then be resold to their end users. The company's electricity generating facilities have output of 448,382 megawatt hours by burning natural gas. This amount ranks them 3rd highest out of 54 in the state for total natural gas production.