Sussex Rural Electric Cooperative

About Sussex Rural Electric Cooperative

Sussex Rural Electric Cooperative is an electricity cooperative supplying electricity in 5 cities in New Jersey including Hamburg, Sussex, Vernon Center CDP, Vernon Valley CDP, and Branchville. A total of 11,996 customers (99.25% residential accounts, 0.62% commercial accounts and 0.13% industrial customers) receive electricity from the company. Sussex Rural Electric Cooperative's consumers are charged an average residential electricity rate of 13.24 cents per kilowatt hour. Fortunately for their consumers, this price is below both the New Jersey and the nationwide average prices of 17.71 and 15.76 cents per kilowatt hour, respectively. Sussex Rural Electric Cooperative had total sales and disposition of 161,338 megawatt hours in 2019, of which 94.41% were via sales to end users. The electricity sourced by the company came from a combination of electricity generation from electricity facilities owned by Sussex Rural Electric Cooperative and supplementary megawatt hours that they procured on wholesale channels. They produced 227 megawatt hours and purchased 161,111 wholesale megawatt hours. In 2019, the supplier earned 95.46% of their revenue from retail electricity sales. Their revenue from electricity activities was $19,857,000.

Customers of the supplier pay an average monthly residential electricity bill of $123.96. This is 8.41% lower than the US average bill of $135.34. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it at a higher rate to end consumers.