McMinnville Electric

About McMinnville Electric

McMinnville Electric is headquartered in McMinnville, Tennessee and they serve electricity in the citizens that call McMinnville home. A total of 6,486 residential customer accounts, 1,609 commercial customer accounts and 2 industrial accounts receive their electricity from the company. The average residential electricity price for consumers of McMinnville Electric is roughly 11.46 cents per kilowatt hour, which is, fortunately, 27.28% below the average nationwide rate of 15.76 cents. Of the 187,789 megawatt hours the company sold and dispossessed, 96.14% were via retail sales. The electricity sourced by the supplier primarily came from megawatt hours that they procured via wholesale channels. They purchased 187,789 megawatt hours on the wholesale market. The total revenue for the company for 2022 from electricity sales was $22,536,400, with $20,818,000 from retail sales to end users.

The nationwide average monthly residential electricity bill is $135.34, while the McMinnville Electric average is 14.70% lower at $115.45 per month. This is the 1294th lowest average monthly bill amount for a provider in the country. McMinnville Electric is the 1221st largest provider out of 3526 electricity companies in the US based on total megawatt hours sold. McMinnville Electric generates 738 megawatt hours from their electricity plants, ranking them as the 671st highest generator of electricity out of 3526 electricity suppliers in the nation. Electricity production is not handled in house at the company, as they purchase electricity at wholesale rates and then resell to their consumers.