Boone Electric Cooperative

About Boone Electric Cooperative

Boone Electric Cooperative is an electricity cooperative operating in Missouri, including cities like Columbia, Ashland, Centralia, Hallsville, and Sturgeon. Recently, the company reported a customer base of 31,843 accounts, 30,655 of which are residential properties, 1,183 are commercial customer accounts and 5 are industrial accounts. The residential electricity rate for patrons of Boone Electric Cooperative is, on average, 12.64 cents per kilowatt hour, resulting in the supplier ranking 55th out of 127 suppliers in Missouri and 1083rd out of 2892 in the country. In 2022 the company had retail sales of 594,867 megawatt hours. The electricity they sourced consisted of megawatt hours that they procured on the wholesale market. They purchased 621,693 on the wholesale market. Their revenue for 2022 from electricity related activities was $66,750,000, with $66,089,000 from retail sales to end users.

Patrons of the supplier pay an average monthly residential electric bill of $137.79. This is 1.81% higher than the national average bill of $135.34. Electricity production is not part of the Boone Electric Cooperative business model, as they purchase power at wholesale rates to then be resold to their end users. The supplier's consumers experience an average of 0.49 electrical outages per consumer per year. These outages last on average of 44.38 minutes, while the nationwide average is 1.45 outages per customer and 171.11 minutes an outage.