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. There are 5,038 customer accounts receiving electricity from the supplier. These customer accounts are made up of 0.08% industrial customers, 2.30% commercial properties and 97.62% residential customers. Customers of Farmers Electric Cooperative Iowa spend, on average, 13.28 cents per kilowatt hour for their electricity, which is, fortunately, 5.89% below the average national rate of 14.11 cents. There were a total of 111,821 megawatt hours sold through retail sales in 2019 by the supplier. Wholesale power purchases made up 100.00% of the total electricity sourced by the company and 117,596 megawatt hours were acquired via the wholesale market. In 2019, the provider earned 98.65% of their revenue from retail electricity sales to end users.

The state average monthly residential electric bill is $108.03, while the Farmers Electric Cooperative Iowa average is 47.65% more at $168.05 per month. Farmers Electric Cooperative Iowa is the 162nd 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.