Concho Valley Electric Coop

About Concho Valley Electric Coop

Concho Valley Electric Coop is an electricity cooperative. The largest county served by Concho Valley Electric Coop is Tom Green County, but the company also operates in in 8 counties in the state. Electricity companies must regularly report the total number of customers signed up for their services to government agencies. On the most recent reports the supplier reported a total of 15,950 customers receiving their services. Exactly 1,939 of these customers are industrial properties, 2,249 are commercial customers and 11,762 are residential accounts. The average residential electricity rate for customers of Concho Valley Electric Coop is approximately 17.02 cents per kilowatt hour, which is 17.56% higher than the average state price of 14.48 cents and 8.02% more than the US average of 15.76. The company sold 421,806 megawatt hours in 2022 by way of traditional retail accounts. Wholesale power purchases made up 100.00% of the total electricity sourced . Exactly 448,120 megawatt hours were acquired by way of the wholesale market. In 2022, the company earned 99.07% of their revenue from retail electricity sales to end users. Their total revenue from electricity related activities was $52,397,300.

The Texas average monthly residential electricity bill is $164.95, while the Concho Valley Electric Coop average is 4.34% higher at $159.07 per month. Concho Valley Electric Coop is the 122nd ranked company in the state for average monthly bill amount. Electricity production is not part of the Concho Valley Electric Coop business plan, as they purchase power at wholesale rates from other companies to then be resold to their consumers. Customers of the company deal with 2.81 power outages each year with outages lasting on average 334.3 minutes.