Arrowhead Electric Cooperative

About Arrowhead Electric Cooperative

Arrowhead Electric Cooperative is an electricity cooperative. Cooperative electricity companies are owned by the customers they serve and these customers have a say in how the business is run. There are 4,690 customer accounts who are served by the supplier. These accounts are made up of 9.98% commercial properties and 90.02% residential customer accounts. The average residential electricity rate for customers of Arrowhead Electric Cooperative is approximately 18.04 cents per kilowatt hour. Unfortunately for their patrons, this rate is above both the state and the national average prices of 15.86 and 16.22 cents per kilowatt hour, respectively. In 2019 Arrowhead Electric Cooperative sold 94.05% of their megawatt hours to end users (known as retail sales). Wholesale power purchases made up 100.00% of all electricity sourced by the company . Exactly 79,885 megawatt hours were procured by way of wholesale channels. In 2019, the provider earned 98.56% of their revenue from retail electricity sales to end users. Their total revenue from all electricity related activities was $10,387,800.

Patrons of the supplier pay an average monthly residential electricity bill of $159.46. This is 11.22% more than the nationwide average of $143.38. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other companies and then resell it at a higher rate to end users.