First Electric Coop

About First Electric Coop

First Electric Coop provides electricity to 38 cities in the state including cities such as Benton, Sherwood, Jacksonville, Cabot, and Searcy. The organization is an electric cooperative. Electricity companies must regularly report the total number of customers they have to government agencies. In the most recent report the supplier reported a total of 1,752 industrial customers, 7,047 commercial customers and 95,728 residential customers being supplied electricity by the company. This is the entirety of their customers. First Electric Coop has an average residential electricity rate of 12.51 cents per kilowatt hour. This is 22.86% less than the US average price of 16.22 cents, ranking the company at 869th lowest for average electricity rate out of 2885 companies in the country. There were a total of 2,020,016 megawatt hours sold to retail accounts in 2023 by the company. The electricity sourced by First Electric Coop is made up primarily of megawatt hours they procured on the wholesale market. This category makes up 100.00% of the total electricity sourced. Their revenue in 2023 from electricity related activities was $231,842,200, with 96.15% coming from retail sales to end users.

The average monthly residential electric bill for a customer of First Electric Coop is $152.53 per month, while the US average is $143.38. Customers of the supplier are faced with 1.92 electrical outages on average each year, with outages lasting around 192.53 minutes on average. The national averages for outages and duration are 1.44 outages at 123.49 minutes each. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates from other providers to then be resold to their customers.