Cooperative Light & Power

About Cooperative Light & Power

Cooperative Light & Power operates in 2 cities and is considered an electricity cooperative. At the moment the company provides electricity to residential and commercial customer accounts, with a total of 6,015 residential customer accounts and 625 commercial accounts recently reported to be on their books. The residential electricity rate for consumers of Cooperative Light & Power is, on average, 16.78 cents per kilowatt hour. Regrettably, this is 5.50% more than the state's average price of 15.91 cents, resulting in the provider ranking 148th best for average electricity price out of 174 providers in Minnesota. They had total sales and disposition of 107,695 megawatt hours in 2019, of which 95.51% were from retail sales. The electricity sourced by the company is made up primarily of megawatt hours they procured by way of the wholesale market. Of the total electricity sourced by the company, whole purchased made up 100.00%. Their total revenue for 2019 from electricity activities was $12,919,700, with 99.60% coming from retail sales to end users.

Consumers of the supplier pay an average residential electricity bill of $129.99. This is 7.97% less than the United States average of $141.25. The provider currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other suppliers and then resell it at a higher rate to end customers.