Benco Electric Cooperative

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Benco Electric Cooperative Rate & Electric Bills

Benco Electric Cooperative residential electric rates are highest in January and the highest average bill is in January.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.139/kWh$0.135/kWh$145.80/mo.$133.58/mo.
2247th13.88¢Benco Electric Cooperative's Average residential price per kWh
2513th$145.8Average monthly electricity bill for Benco Electric Cooperative's residential customers

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 18,976 total consumers, the provider supplies electricity to 5 industrial locations, 1,517 commercial locations and 17,454 residential customer accounts. Benco Electric Cooperative charges their patrons a residential electricity rate of 13.88 cents per kilowatt hour on average. This is 1.54% above the US average rate of 13.67 cents, which ranks the supplier 2247th out of 2922 suppliers in the nation for lowest average electricity price. The provider sold 341,043 megawatt hours by way of retail sales in 2020. The electricity sourced by the supplier primarily came from megawatt hours that they procured on the wholesale electricity market. They purchased 359,566 wholesale megawatt hours. In 2020, the company made a total of $44,474,000 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 $145.8 per month. Customers of the company pay 37.53% 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 1.17 electrical outages a year with outages lasting an average of 113.72 minutes.

Benco Electric Cooperative Net Metering

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.

Energy Loss

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 5.15% of the electricity that they generate. This percentage of electricity lost gives them a rank of 937th best out of 3510 suppliers reporting energy loss in the US.

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

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Energy Loss

Benco Electric Cooperative's energy loss due to business operations.

-5.15%

Total Energy Loss

18,523MWh

937 National Rank

Grid Reliability

Length & Frequency of Benco Electric Cooperative's Power Outages

113.72 min.

vs. national average of 122.99 min.

1.17 outages/yr

vs. national average of 1.21

Benco Electric Cooperative Coverage Map

Coverage Map Placeholder

Benco Electric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Minnesota18,97644,474,00021100%

Benco Electric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Blue Earth County69,112513.96$138.04/mo
Faribault County13,921313.88$145.49/mo
Freeborn County30,895413.62$121.80/mo
Le Sueur County28,674612.25$117.65/mo
Martin County20,025611.03$141.77/mo
Nicollet County34,454413.47$154.54/mo
Sibley County14,836812.90$164.05/mo
Waseca County18,968614.27$116.24/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.

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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 13.88 cents per kilowatt hour (¢/kWh), compared to the average Minnesota bundled rate of 13.71 cents and the average nationwide rate of 13.67 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 $145.80, compared to the Minnesota average of $100.40 and the US of $100.40 for bundled service.

When will Benco Electric Cooperative power be restored?

Average outage times for Benco Electric Cooperative are around 113.717 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.

Last Reviewed By: Ginalyn Gelera
Published: 2022-08-01