Consumers Power Inc

About Consumers Power Inc

Consumers Power Inc is an electric cooperative providing electricity in 9 cities throughout Oregon including Corvallis, Lebanon, Monmouth, Philomath, and Lincoln Beach CDP. Recently filed reports by the company showed a customer base of 24,100 customer accounts, 478 of which are industrial properties, 4,343 are commercial customers and 19,279 are residential customers. On average, Consumers Power Inc charges their consumers a residential electricity rate of 13.31 cents per kilowatt hour. Luckily for their customers, this rate is less than both the state and the nationwide average rates of 14.16 and 16.06 cents per kilowatt hour, respectively. A total of 429,311 megawatt hours were sold to retail customers in 2023 by the supplier. Wholesale power purchases made up 100.00% of the total electricity sourced by the company and 456,203 megawatt hours were purchased by way of wholesale channels. The total revenue for the company for 2023 from electricity sales was $50,500,000, with $50,074,000 coming from retail sales to end users.

The Oregon average monthly residential electric bill is $124.85, while the Consumers Power Inc average is 6.51% higher at $133.91 per month. Consumers Power Inc ranks 40th in the state for average monthly bill amount. Consumers of the supplier deal with 1.77 power outages on average each year, with outages lasting about 296.26 minutes. The national averages for outages and duration are 1.44 outages at 123.49 minutes each. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it to end users.