Craighead Electric

About Craighead Electric

Craighead Electric is an electricity cooperative. The largest city served by the supplier is Jonesboro, but the company also provides electricity to 33 cities in Arkansas. The most recent data reported by the company showed a total customer count of 33,041 accounts, 815 of which are industrial properties, 6,432 are commercial customer accounts and 25,794 are residential accounts. On average, Craighead Electric's customers spend 12.35 cents per kilowatt hour for their residential electricity. This is 23.08% below the nationwide average price of 16.06 cents, which ranks the supplier 761st out of 2885 suppliers in the United States for best average electricity rate. Approximately 564,915 megawatt hours were sold by the provider to retail customers in 2023. The electricity sourced by Craighead Electric is made up of primarily wholesale purchased megawatt hours, with 595,377 acquired by the company. Their revenue in 2023 from electricity related activities was $76,705,000, with $71,400,000 from retail sales to end users.

The US average monthly residential electric bill is $139.28, while the Craighead Electric average is 16.57% higher at $162.36 per month. Craighead Electric ranks 2314th in the US for average monthly bill total. The power grid owned by the supplier has 3.17 outages per customer a year, with outages lasting roughly 420.77 minutes. The nationwide average for other providers is 1.44 outages per consumer and 123.49 minutes per outage. Electricity production is not handled in house at the company, as they purchase electricity at wholesale rates to then be resold to their end users.