FEM Electric Association

About FEM Electric Association

FEM Electric Association is an electricity cooperative headquartered in Ipswich, South Dakota and supplying electricity to customers in 3 counties in South Dakota including counties like Edmunds County, McPherson County, and Faulk County. Electricity suppliers must regularly report the total number of customers they have to government agencies. On the most recent reports the company disclosed a total of 2,117 customers being supplied electricity by the company. Exactly 5 of these customers are industrial accounts, 269 are commercial customers and 1,843 are residential properties. On average, FEM Electric Association's residential electricity rate is 12.36 cents per kilowatt hour, ranking the company at 46th out of 74 providers in South Dakota and 1491st out of 2906 in the US. Around 172,616 megawatt hours were sold by the provider to retail accounts in 2019. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 178,259 purchased by the company. The total revenue for the supplier in 2019 was $15,674,000, which was earned entirely through electricity sales to retail customers.

The South Dakota average monthly residential power bill is $124.19, while the FEM Electric Association average is 57.76% higher at $200.33 per month. FEM Electric Association is the 68th ranked provider in the state for average monthly bill amount. The company currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end consumers.