East-Central Iowa Rural Electric Cooperative

About East-Central Iowa Rural Electric Cooperative

East-Central Iowa Rural Electric Cooperative is an electricity cooperative. The largest county serviced by East-Central Iowa Rural Electric Cooperative is Linn County, but the company also provides electricity in 8 counties in the state of Iowa. A total of 8,201 customers (87.18% residential accounts, 12.77% commercial customers and 0.05% industrial accounts) purchase their electricity from the company. The residential electricity rate for customers of East-Central Iowa Rural Electric Cooperative is, on average, 11.80 cents per kilowatt hour, which is 25.15% lower than the national average rate of 15.76 cents. This ranks the company 735th out of 2892 companies in the nation for lowest average electricity price. The company sold 226,789 megawatt hours through retail sales in 2022. The electricity sourced by the company is made up primarily of megawatt hours they acquired on the wholesale market. Of the total electricity sourced by the company, whole purchased made up 100.00%. In 2022, they made a total of $23,860,000 from business activities relating to the sale and transfer of electricity. They had revenue of $23,815,000 from retail sales to end users.

The average monthly residential electricity bill for a customer of East-Central Iowa Rural Electric Cooperative is $160.24 per month, while the Iowa average is $105.83. Patrons of the supplier pay 40.20% more compared to other residents of Iowa. Consumers of the supplier deal with 0.9 electrical outages per year with outages lasting an average of 56.7 minutes. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end customers.