Empire Electric Association

About Empire Electric Association

Empire Electric Association is headquartered in Cortez, Colorado and supplies electricity in 2 states within the country This service territory also includes 5 cities within these states. The average residential electricity price for customers of Empire Electric Association is around 15.46 cents per kilowatt hour, which is 1.75% below the national average price of 15.74 cents. In 2022 the company had sales to end customers totaling 617,362 megawatt hours. The electricity they sourced was made up of megawatt hours produced by the company and supplementary megawatt hours purchased on the wholesale electricity market. They generated 225 megawatt hours and purchased 624,769 on the wholesale market. The revenue for the company in 2022 from electricity sales was $58,882,800, with 99.21% coming from retail sales to end users.

Consumers of the supplier have an average monthly residential electricity bill of $107.53. This is 20.92% below the nationwide average bill of $135.98. Customers of the provider deal with 1.51 electrical outages on average per year, with outages lasting around 232.3 minutes on average. The national averages for outages and duration are 1.45 outages at 171.11 minutes each. The company currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it to end users.