La Plata Electric Association

About La Plata Electric Association

La Plata Electric Association supplies electricity to 4 cities and is considered an electric cooperative. At the moment, 46,027 consumers are supplied electricity by the company. These customers are a mix of 224 industrial locations, 6,760 commercial customers and 39,043 residential customer accounts. La Plata Electric Association's customers are billed an average residential electricity price of 16.24 cents per kilowatt hour, resulting in the supplier ranking 46th out of 64 companies in Colorado and 2548th out of 2893 in the nation for average electricity price. The company sold 197 megawatt hours through wholesale channels to other electricity providers in 2022. The electricity sourced by La Plata Electric Association is made up primarily of megawatt hours they purchased via the wholesale electricity market. Of the total electricity sourced by the company, whole purchased made up 100.00%. Their total revenue in 2022 from electricity related activities was $110,374,600, with 99.19% coming from retail sales to end users and 0.03% from wholesale electricity sales.

Consumers of the company have an average residential power bill of $108.37. This is 13.55% more than the state average bill of $90.03. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end consumers.