Coserv Electric

About Coserv Electric

Coserv Electric is an electricity cooperative headquartered in Denton, Texas and serving customers in 47 cities in Texas such as the cities of Fort Worth, Plano, McKinney, Denton, and Carrollton. The company has 318,938 customers. There are 295,258 residential customers, 20,445 commercial accounts and 3,235 industrial customers. Coserv Electric's patrons are charged an average residential electricity rate of 13.41 cents per kilowatt hour, which is 13.33% below the average state rate of 15.47 cents and 17.33% below the US average of 16.22. Of the 6,738,095 megawatt hours Coserv Electric sold and dispossessed, 6,386,640 were from sales to end users. During the same timeframe, Coserv Electric purchased 6,738,095 megawatt hours by way of wholesale channels. In 2023, the provider had revenue of $787,694,000 from retail electricity sales. This made up the total of the electricity related revenue for the company.

The average residential electricity bill for a customer of Coserv Electric is $171.39 per month. Consumers of the provider pay a 2.26% markdown compared to other residents of Texas. The power grid managed by the company experiences an average of 0.57 outages per consumer each year, with outages lasting an average of 39 minutes. The nationwide average for other companies is 1.44 outages per consumer and roughly 123.49 minutes per outage. Electricity production is not handled in house at the company, as they purchase power at wholesale rates and then resell to their customers.