Farmers Electric Cooperative Iowa

About Farmers Electric Cooperative Iowa

Farmers Electric Cooperative Iowa provides electricity to 5 counties in the state including counties like Madison County, Cass County, Union County, Guthrie County, and Adair County. The company is an electric cooperative. On average, Farmers Electric Cooperative Iowa's consumers purchase residential electricity for 14.93 cents per kilowatt hour. This is, unfortunately for their consumers, 15.21% above the state's average rate of 12.96 cents, resulting in the provider ranking 118th lowest for average electricity price out of 183 suppliers in the state. Farmers Electric Cooperative Iowa had total sales and disposition of 117,596 megawatt hours in 2019, of which 111,821 megawatt hours were from sales to end users. The electricity sourced by Farmers Electric Cooperative Iowa is made up of primarily wholesale purchased megawatt hours, with 117,596 megawatt hours procured by the company. In 2019, they made a total of $13,426,400 from business activities relating to the sale and transfer of electricity. They had 98.65% of their revenue coming from retail sales to end users.

The state average monthly residential electric bill is $107.73, while the Farmers Electric Cooperative Iowa average is 54.56% more at $185.78 per month. Farmers Electric Cooperative Iowa is the 163rd ranked provider in the state for average monthly bill amount. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it to end users.