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 19,546 total consumers, the provider supplies electricity to 17 industrial locations, 1,530 commercial locations and 17,999 residential customer accounts. Benco Electric Cooperative charges their patrons a residential electricity rate of 14.85 cents per kilowatt hour on average. This is 4.87% below the US average rate of 15.61 cents, which ranks the supplier 2234th out of 2893 suppliers in the nation for lowest average electricity price. The provider sold 384,887 megawatt hours by way of retail sales in 2022. The electricity sourced by the supplier primarily came from megawatt hours that they procured on the wholesale electricity market. They purchased 404,225 wholesale megawatt hours. The revenue for Benco Electric Cooperative for 2022 from electricity sales was $52,471,000, with $51,702,000 from retail sales to end users.
The average monthly residential power bill for a consumer of Benco Electric Cooperative is $151.3 per month. Customers of the company pay 32.90% 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 the provider deal with 0.77 electrical outages a year with outages lasting an average of 80.86 minutes.
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 4.60% of the electricity that they generate. This percentage of electricity lost gives them a rank of 785th best out of 3510 suppliers reporting energy loss in the US.
Benco Electric Cooperative Rate & Electric Bills
Benco Electric Cooperative residential electric rates are highest in January and the highest average bill is in July.
Historical Electricity Rates:
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
Benco Electric Cooperative Service
- Outage Map:www.star-mapping.com:8036
- Outage Phone:(507) 387-7964
- States Served:
- Counties Served:
- Blue Earth County
- Nicollet County
- Freeborn County
- Le Sueur County
- Martin County
- Major Cities Served:See all cities
- Table Of Contents:
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Benco Electric Cooperative's energy loss due to business operations.
Total Energy Loss
785 National Rank
Length & Frequency of Benco Electric Cooperative's Power Outages
vs. national average of 137.24 min.
vs. national average of 1.27
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|
Benco Electric Cooperative County Coverage
|County||Population||Providers||Avg. County Rate (¢)||Avg. Electric Bill|
|Blue Earth County||69,631||5||15.02||$143.76/mo|
|Le Sueur County||28,567||6||13.87||$131.60/mo|
Cities Benco Electric Cooperative Has Coverage
* 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 electricity rate for Benco Electric Cooperative customers?
Benco Electric Cooperative's current average bundled electricity rate is 14.85 cents per kilowatt hour (¢/kWh), compared to the average Minnesota bundled rate of 14.86 cents and the average nationwide rate of 15.61 cents.
What is the average bundled bill for Benco Electric Cooperative customers each month?
Benco Electric Cooperative currently has an average monthly bundled electric bill of $151.30, compared to the Minnesota average of $107.45 and the US of $107.45 for bundled service.
When will Benco Electric Cooperative power be restored?
Average outage times for Benco Electric Cooperative are around 80.86 minutes per outage.
How many counties does Benco Electric Cooperative sell electricity to?
There are 8 counties that receive at least some electricity coverage by Benco Electric Cooperative including Minnesota.
What cities does Benco Electric Cooperative sell electricity to?
Benco Electric Cooperative provides electricity to 19 cities.
Who is the CEO of Benco Electric Cooperative?
Dave Sunderman is the current CEO of Benco Electric Cooperative.
What is the phone number for Benco Electric Cooperative?
Benco Electric Cooperative's customer service phone number is (507) 387-7963
Does Benco Electric Cooperative have a parent company?
Blue Earth Light and Water is the owner of Benco Electric Cooperative.