Homer Electric Assn Inc electricity rates

It is a smaller system, serving 29,721 residential customers, which means its fixed costs are spread across a narrow base. Its 29.79¢ per kilowatt-hour runs 5.5% above the Alaska average of 28.23¢.

Its customers use very little electricity by national standards, 497 kilowatt-hours a month against 871 nationally. Dense housing, a mild climate or heating that runs on gas rather than electricity all push consumption down, and any of them can leave a household with a modest bill despite a high rate.

Owned by the customers it serves, with directors elected by members. Co-ops are frequently outside state rate regulation. That matters because a bill is not only the cost of generating electricity: it also carries the cost of the network, and who owns that network changes how it is paid for.

In 2024 the average Homer Electric Assn Inc customer went 607 minutes without electricity across 2.63 interruptions. The median across the 941 utilities that report this is 185 minutes.

That is far worse than typical, and figures at this level almost always reflect a major storm season rather than everyday performance. A single hurricane or ice storm can dominate the annual number.

514 residential customers had net-metered solar in 2024, totalling 2.96 megawatts. That works out to 17.3 installations per thousand customers, against a median of 8 across the utilities reporting it.

Adoption is above the national median, which generally tracks the retail rate more closely than it tracks sunshine. What exports are actually worth.