Benco Electric Cooperative
Electricity Rates, Plans & Statistics
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About Benco Electric Cooperative
Benco Electric Cooperative provides electricity for 8 counties in Minnesota such as the counties of Blue Earth County, Nicollet County, Freeborn County, Le Sueur County, and Martin County. The company is an electricity cooperative. With 20,250 total consumers, the provider supplies electricity to 20 industrial locations, 1,532 commercial locations and 18,698 residential customer accounts. Benco Electric Cooperative charges their patrons a residential electricity rate of 15.75 cents per kilowatt hour on average. This is 0.16% below the US average rate of 15.77 cents, which ranks the supplier 2202nd out of 2881 suppliers in the nation for lowest average electricity price. The provider sold 392,790 megawatt hours by way of retail sales in 2023. The electricity sourced by the supplier primarily came from megawatt hours that they procured on the wholesale electricity market. They purchased 405,747 wholesale megawatt hours. In 2023, the company made a total of $53,815,000 from business activities relating to the sale and transfer of electricity. All of which came from retail sales to end users.
The average monthly residential power bill for a consumer of Benco Electric Cooperative is $154.1 per month. Customers of the company pay 34.33% more compared to the rest of the state. The supplier does not have ownership in any electricity generation facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other providers.
Consumers of Benco Electric Cooperative can take advantage of net metering solutions, which is a positive for both parties. Net metering allows private individuals to sell kilowatt hours back to their provider, which makes the purchase of solar and other electricity sources more financially viable.
Loss of electricity due to heat dissipation during electricity transmission and other causes is a reality of operating in the electricity production business. Suppliers must report these losses to government agencies who track electricity infrastructure efficiencies. Benco Electric Cooperative recently reported a yearly loss of around 3.05% of the electricity that they generate. This percentage of electricity lost gives them a rank of 548th best out of 3529 suppliers reporting energy loss in the US.
Benco Electric Cooperative Rate & Electric Bills
Benco Electric Cooperative residential electric rates are highest in June and the highest average bill is in January.
Historical Electricity Rates:
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Benco Electric Cooperative Overview
- Company Type:Cooperative
- Parent Company:Blue Earth Light and Water
- Headquarters:20946 549th Avenue
Mankato, Minnesota 56001
United States of America - CEO:Dave Sunderman
Benco Electric Cooperative Contact
- Website:www.benco.org
- Customer Service Phone:(507) 387-7963
- Contact Page:www.benco.org
- Social Media:
Benco Electric Cooperative Service
- Outage Map:www.star-mapping.com:8036
- Outage Phone:(507) 387-7964
- States Served:
- Minnesota
- Counties Served:
- Blue Earth County
- Nicollet County
- Freeborn County
- Le Sueur County
- Martin County
- Major Cities Served:
- Mankato
- North Mankato
- St. Peter
- Le Sueur
- Eagle Lake
- Lake Crystal
- Wells
- Winnebago
- Madison Lake
- Kiester
Energy Loss
Benco Electric Cooperative's energy loss due to business operations.
Total Energy Loss
12,363MWh
548 National Rank
Power Outages
Currently, 0 customers are being tracked in Benco Electric Cooperative.
Customers Out:
0
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Benco Electric Cooperative Coverage Map
Benco Electric Cooperative State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Minnesota | 20,250 | 55,572,784.22 | 20 | 100% |
Benco Electric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Blue Earth County | 69,631 | 5 | 15.87 | $146.98/mo |
| Faribault County | 13,933 | 3 | 15.60 | $153.93/mo |
| Freeborn County | 30,882 | 4 | 15.50 | $134.66/mo |
| Le Sueur County | 28,567 | 6 | 13.51 | $122.69/mo |
| Martin County | 20,070 | 6 | 12.81 | $160.59/mo |
| Nicollet County | 34,295 | 4 | 15.01 | $163.90/mo |
| Sibley County | 14,948 | 8 | 13.87 | $171.27/mo |
| Waseca County | 18,972 | 6 | 16.36 | $122.87/mo |
Cities Benco Electric Cooperative Has Coverage
- Amboy, MN
- Bricelyn, MN
- Delavan, MN
- Eagle Lake, MN
- Easton, MN
- Elmore, MN
- Frost, MN
- Kiester, MN
- Lake Crystal, MN
- Le Sueur, MN
- Madison Lake, MN
- Mankato, MN
- North Mankato, MN
- Skyline, MN
- St. Peter, MN
- Vernon Center, MN
- Walters, MN
- Wells, MN
- Winnebago, MN
* City coverage generated based on government data. Always verify you can get service from the provider.
Benco Electric Cooperative Reviews
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Benco Electric Cooperative FAQ:
What is the average bundled bill for Benco Electric Cooperative customers each month?
Consumers of Benco Electric Cooperative pay, on average, a monthly bundled bill of $154.10.
What is the average bundled electricity rate for Benco Electric Cooperative customers?
Benco Electric Cooperative's current average bundled electricity rate is 15.75 cents per kilowatt hour (¢/kWh), compared to the average Minnesota bundled rate of 15.77 cents and the average nationwide rate of 15.77 cents.
What is the phone number for Benco Electric Cooperative?
Benco Electric Cooperative's customer service phone number is (507) 387-7963
What cities does Benco Electric Cooperative have customers in to?
Benco Electric Cooperative provides electricity to 19 cities in the US.
Who is the CEO of Benco Electric Cooperative?
Dave Sunderman is the CEO of Benco Electric Cooperative.
What company is Benco Electric Cooperative owned by?
Benco Electric Cooperative is a subsidiary of Blue Earth Light and Water.
How many counties does Benco Electric Cooperative have customers in in?
There are 8 counties that receive at least some electricity coverage by Benco Electric Cooperative.
