Farmers Electric Cooperative

About Farmers Electric Cooperative

Farmers Electric Cooperative provides electricity to 10 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 87,903 customer accounts. Exactly 17 of these are industrial accounts, 13,842 are commercial customer accounts and 74,044 are residential customers. Farmers Electric Cooperative's average residential electricity price per kilowatt hour is 14.02 cents per kilowatt hour. Fortunately for their consumers, this rate is lower than both the Texas and the United States average rates of 14.48 and 15.76 cents per kilowatt hour, respectively. A total of 1,584,871 megawatt hours were sold via retail sales in 2022 by the supplier. The electricity sourced consisted of megawatt hours purchased by way of the wholesale electricity market. They purchased 1,663,101 wholesale megawatt hours. The total revenue for the company in 2022 from electricity sales was $215,693,000, with 93.05% coming from retail sales to end users.

The average residential power bill for a customer of Farmers Electric Cooperative is $178.78 per month, while the nationwide average is $135.34. 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 1.22 outages per consumer a year, with outages lasting an average of 73.1 minutes. The national average for other companies is 1.45 outages per customer and 171.11 minutes each outage.