Franklin Rural Electric Cooperative: Rates and Coverage Area

Franklin Rural Electric Cooperative

Electricity Rates, Plans & Statistics

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About Franklin Rural Electric Cooperative

Franklin Rural Electric Cooperative provides electricity to 3 counties in Iowa including counties like Cerro Gordo County, Butler County, and Franklin County. The company is an electricity cooperative. With 1,746 total customers, the provider supplies electricity to 448 commercial customers, 1,297 residential customers and one industrial customer. On average, Franklin Rural Electric Cooperative's residential electricity rate is 13.16 cents per kilowatt hour, which is 1.69% higher than the average state price of 12.94 cents and 16.08% lower than the national average of 15.68. The company sold 63,848 megawatt hours in 2019 by way of retail sales. The electricity generated in the company's power plants made up 0.33% of the electricity sourced by the company. The purchase of wholesale electricity made up an additional 99.67%. In 2019, they made a total of $7,556,000 from business activities relating to the sale and transfer of electricity. They had 99.81% of their revenue coming from retail sales to end users.

The average residential power bill for a customer of Franklin Rural Electric Cooperative is $219.7 per month, while the nationwide average is $135.78. Electricity production is not part of the Franklin Rural Electric Cooperative business plan, as they purchase power at wholesale rates from other companies and then resell to their end users.

Franklin Rural Electric Cooperative Net Metering

Customers of Franklin Rural Electric Cooperative have the ability to take advantage of net metering. Net metering makes solar panel installation more economically viable as it allows people to sell electricity into the grid.

Franklin Rural Electric Cooperative Rate & Electric Bills

Franklin Rural Electric Cooperative residential electric rates are highest in January and the highest average bill is in May.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.170/kWh$0.108/kWh$329.33/mo.$163.21/mo.
1337th13.16¢Franklin Rural Electric Cooperative's Average residential price per kWh
2895th$219.7Average monthly electricity bill for Franklin Rural Electric Cooperative's residential customers

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Franklin Rural Electric Cooperative Overview

  • Company Type:Cooperative
  • Headquarters:1560 Highway 65
    Hampton, Iowa 50441
    United States of America
  • CEO:Garrett Thompson

Franklin Rural Electric Cooperative Contact

Franklin Rural Electric Cooperative Service

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Franklin Rural Electric Cooperative Coverage Map

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Franklin Rural Electric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Iowa1,7466,522,680.7851100%

Franklin Rural Electric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Butler County14,421513.79$200.65/mo
Cerro Gordo County43,185316.73$151.52/mo
Franklin County10,056413.75$207.69/mo

Cities Franklin Rural Electric Cooperative Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

Franklin Rural Electric Cooperative Reviews

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Franklin Rural Electric Cooperative FAQ:

What is the phone number for Franklin Rural Electric Cooperative?

Franklin Rural Electric Cooperative's customer service phone number is (641) 456-2557

Who is the CEO of Franklin Rural Electric Cooperative?

Garrett Thompson is the CEO of Franklin Rural Electric Cooperative.

What is the average bundled bill for Franklin Rural Electric Cooperative customers each month?

Consumers of Franklin Rural Electric Cooperative pay, on average, a monthly bundled bill of $219.70.

How many counties does Franklin Rural Electric Cooperative supply electricity in?

Franklin Rural Electric Cooperative provides electricity to customers in 3 counties in the nation including Iowa.

What is the average bundled electricity rate for Franklin Rural Electric Cooperative customers?

The average bundled price of electricity for consumers of Franklin Rural Electric Cooperative is 13.16 cents per kilowatt hour (¢/kWh).

What cities does Franklin Rural Electric Cooperative supply electricity to?

Franklin Rural Electric Cooperative provides electricity to 7 cities throughout the nation including Iowa.

Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-01-25