Franklin Electric Cooperative

About Franklin Electric Cooperative

With headquarters in Russelville, Alabama, Franklin Electric Cooperative offers services 2 cities in the state and is classified as an electric cooperative. Electricity suppliers must regularly report their customer counts to government agencies. On the most recent reports the supplier disclosed a total of 7,860 customers signed up for their services. Exactly 5,904 of these are residential accounts, 1,953 are commercial customers and 3 are industrial properties. Franklin Electric Cooperative's customers purchase electricity for, on average, 13.82 cents per kilowatt hour. Luckily, this is 7.30% less than the state's average price of 14.91 cents, ranking the supplier at 44th out of 62 suppliers in the state for lowest average electricity price. There were a total of 336,611 megawatt hours sold to retail accounts in 2022 by the company. The electricity sourced by Franklin Electric Cooperative is made up primarily of megawatt hours they acquired on wholesale channels. Of the total electricity sourced whole purchased made up 100.00%. In 2022, the supplier made a total of $35,841,000 from retail electricity sales. Their revenue from electricity related activities was $36,700,700.

Consumers of the supplier have an average monthly residential electricity bill of $155.21. This is 6.83% lower than the state average bill of $164.27. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other suppliers and then resell it to end consumers.