Farmers Electric Clovis, New Mexico

About Farmers Electric Clovis, New Mexico

Farmers Electric Clovis, New Mexico is an electricity cooperative headquartered in Clovis, New Mexico and serving customers in New Mexico including in cities such as Clovis, Portales, Tucumcari, Cannon AFB CDP, and Santa Rosa. The company has a total of 13,496 customers. There are 10,122 residential accounts, 1,843 commercial customer accounts and 1,531 industrial customers. On average, Farmers Electric Clovis, New Mexico charges their customers a residential electricity price of 13.53 cents per kilowatt hour, which is 4.64% less than New Mexico's average price of 14.18 cents and 13.48% less than the US average of 15.64 cents. The supplier sold 386,508 megawatt hours through retail sales in 2022. The electricity they sourced consisted of megawatt hours that they procured by way of the wholesale electricity market. They purchased 412,315 on the wholesale market. The total revenue for Farmers Electric Clovis, New Mexico for 2022 from electricity sales was $46,146,900, with 99.92% coming from retail sales to end users.

The state average monthly residential electricity bill is $88.46, while the Farmers Electric Clovis, New Mexico average is 21.14% more at $116.51 per month. Farmers Electric Clovis, New Mexico ranks 31st in the state for average monthly bill total. The supplier's customers are faced with an average of 1.01 power outages per consumer each year. These outages go on for an average of 84 minutes, while the national average is 1.27 outages per consumer and 137.24 minutes an outage. The company currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end consumers.