Firelands Electric Cooperative

About Firelands Electric Cooperative

Firelands Electric Cooperative has their head offices in New London, Ohio and supplies electricity in 5 cities in the state. Electricity providers must regularly report the total number of customers signed on for their services to government agencies. Recently the provider listed 11,097 customers signed up to receive electricity from the company. Exactly 676 of these customers are commercial accounts and 10,421 are residential accounts. Firelands Electric Cooperative's patrons are charged an average residential electricity price of 16.65 cents per kilowatt hour, ranking the company at 93rd out of 119 providers in Ohio and 2347th out of 2885 in the country for average electricity rate. There were a total of 147,352 megawatt hours sold through retail sales in 2019 by the company. Wholesale power purchases made up 100.00% of all electricity sourced . Exactly 155,816 megawatt hours were purchased via the wholesale electricity market. The total revenue for the company in 2019 from electricity sales was $19,660,000, with $19,146,000 from retail sales to end users.

The nationwide average monthly residential power bill is $143.38, while the Firelands Electric Cooperative average is 55.72% higher at $223.27 per month. Firelands Electric Cooperative ranks 2832nd in the nation for average monthly bill amount. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates and then resell to their consumers.