Forked Deer Electric

About Forked Deer Electric

Forked Deer Electric is an electric cooperative providing electricity in 8 cities throughout Tennessee including Dyersburg, Ripley, Newbern, Halls, and Fowlkes CDP. Recently filed reports by the company showed a customer base of 10,078 customer accounts. Exactly 1,722 of these customers are commercial customers and 8,356 are residential customers. Forked Deer Electric averages 13.61 cents per kilowatt hour billed to their patrons for residential electricity. This is 12.97% lower than the nationwide average rate of 15.64 cents, which ranks the supplier 1771st lowest for average electricity rate out of 2893 suppliers in the United States. They sold 171,669 megawatt hours via retail sales in 2022. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 184,089 megawatt hours purchased by the company. In 2022 the supplier had total electricity related revenue of $27,075,200, with 89.45% coming from retail sales.

The Tennessee average monthly residential electric bill is $136.85, while the Forked Deer Electric average is 39.15% higher at $188.8 per month. Forked Deer Electric ranks 88th in the state for average monthly bill amount. Consumers of the supplier deal with 1.65 power outages on average each year, with outages lasting about 22.44 minutes. The national averages for outages and duration are 1.27 outages at 137.24 minutes each. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it to end users.