Codington Clark Electric

About Codington Clark Electric

Codington Clark Electric is an electric cooperative headquartered in Watertown, South Dakota and providing power to customers in 5 counties in South Dakota including counties like Codington County, Grant County, Hamlin County, Day County, and Clark County. At the moment, there are 3,370 customers of the supplier. About 7.36% of them are commercial properties and 92.64% of them are residential properties. Codington Clark Electric has an average residential electricity rate of 9.42 cents per kilowatt hour, which is 22.82% below South Dakota's average price of 12.21 cents. This makes the provider 10th lowest for average electricity rate out of 74 suppliers in South Dakota. In 2019 the company sold 94.58% of their megawatt hours to end users (known as retail sales). The electricity they sourced was made up of megawatt hours purchased on the wholesale market. They purchased 139,345 wholesale megawatt hours. Their revenue in 2019 from electricity activities was $12,499,000, with 99.28% coming from retail sales to end users.

The average monthly residential power bill for a consumer of Codington Clark Electric is $214.84 per month. Patrons of the company pay 70.57% more compared to the rest of the US. Electricity production is not part of the Codington Clark Electric business plan, as they purchase power at wholesale rates to then be resold to their customers.