Forked Deer Electric

About Forked Deer Electric

Forked Deer Electric is an electric cooperative providing electricity in 7 cities throughout Tennessee including Dyersburg, Ripley, Newbern, Halls, and Fowlkes CDP. Recently filed reports by the company showed a customer base of 9,484 customer accounts. Exactly 1,795 of these customers are commercial customers and 7,689 are residential customers. Forked Deer Electric averages 15.01 cents per kilowatt hour billed to their patrons for residential electricity. This is 7.42% lower than the nationwide average rate of 16.22 cents, which ranks the supplier 1903rd lowest for average electricity rate out of 2885 suppliers in the United States. They sold 154,599 megawatt hours via retail sales in 2023. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 165,188 megawatt hours purchased by the company. In 2023 the supplier had total electricity related revenue of $26,715,200, with 86.03% coming from retail sales.

The Tennessee average monthly residential electric bill is $154.84, while the Forked Deer Electric average is 54.12% higher at $232.43 per month. Forked Deer Electric ranks 88th in the state for average monthly bill amount. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates and then resell it to end users.