Central Alabama Electric Cooperative

About Central Alabama Electric Cooperative

Central Alabama Electric Cooperative supplies electricity to 9 counties and is considered an electric cooperative. There are a total of 47,896 customer accounts receiving service from the provider. These accounts are made up of 3 industrial customers, 2,348 commercial customers and 45,545 residential accounts. Central Alabama Electric Cooperative's customers are charged an average residential electricity rate of 15.83 cents per kilowatt hour. This is 2.40% less than the nationwide average price of 16.22 cents, ranking the provider at 2145th lowest for average electricity rate out of 2885 providers in the country. The provider had total sales and disposition of 733,796 megawatt hours in 2023, of which 95.76% were from retail sales. The electricity sourced by the supplier primarily came from megawatt hours that they acquired by way of the wholesale market. They purchased 733,796 wholesale megawatt hours. The revenue for the company for 2023 from electricity sales was $114,968,000, with $107,888,000 from retail sales to end users.

Customers of the company have an average monthly residential power bill of $192.11. This is 5.65% more than the Alabama average bill of $184.01. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it to end consumers.