Farmers Electric Cooperative

About Farmers Electric Cooperative

Farmers Electric Cooperative provides electricity to 13 counties in Texas including counties like Dallas County, Collin County, Kaufman County, Rockwall County, and Hunt County. The company is an electricity cooperative. Recently filed reports by the company showed a customer base of 97,055 customer accounts. Exactly 22 of these are industrial accounts, 15,366 are commercial customer accounts and 81,667 are residential customers. Farmers Electric Cooperative's average residential electricity price per kilowatt hour is 11.73 cents per kilowatt hour. Fortunately for their consumers, this rate is lower than both the Texas and the United States average rates of 15.47 and 16.22 cents per kilowatt hour, respectively. A total of 1,634,181 megawatt hours were sold via retail sales in 2023 by the supplier. The electricity sourced consisted of megawatt hours purchased by way of the wholesale electricity market. They purchased 1,667,440 wholesale megawatt hours. The total revenue for the company in 2023 from electricity sales was $196,102,000, with 89.45% coming from retail sales to end users.

The average residential power bill for a customer of Farmers Electric Cooperative is $152.57 per month, while the nationwide average is $143.38. The supplier currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it to end users. The power grid managed by the provider experiences 0.69 outages per consumer a year, with outages lasting an average of 51.5 minutes. The national average for other companies is 1.44 outages per customer and 123.49 minutes each outage.