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. Recently filed reports by the company showed a customer base of 1,945 customer accounts. Exactly 2 of these are industrial accounts, 493 are commercial customer accounts and 1,450 are residential customers. Franklin Rural Electric Cooperative's average residential electricity price per kilowatt hour is 14.35 cents per kilowatt hour. Unfortunately for their consumers, this rate is above both the Iowa and the United States average rates of 12.64 and 14.11 cents per kilowatt hour, respectively. A total of 63,848 megawatt hours were sold via retail sales in 2019 by the supplier. Electricity facilities owned by Franklin Rural Electric Cooperative produced 219 megawatt hours and an additional 66,801 megawatt hours were purchased on wholesale channels. In 2019, the supplier earned 99.81% of their revenue from retail electricity sales. Their revenue from all electricity related activities was $7,556,000.

The average residential power bill for a customer of Franklin Rural Electric Cooperative is $226 per month, while the nationwide average is $125.95. 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 April.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.143/kWh$0.127/kWh$232.32/mo.$214.88/mo.
2356th14.35¢Franklin Rural Electric Cooperative's Average residential price per kWh
2939th$226Average monthly electricity bill for Franklin Rural Electric Cooperative's residential customers

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
Iowa1,9457,372,20050100%

Franklin Rural Electric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Butler County14,334513.64$234.32/mo
Cerro Gordo County43,127316.61$155.91/mo
Franklin County10,019414.69$213.46/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 $226.00.

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 14.35 cents per kilowatt hour (¢/kWh).

What cities does Franklin Rural Electric Cooperative supply electricity to?

Franklin Rural Electric Cooperative provides electricity to 6 cities throughout the nation including Iowa.

Last Reviewed By: Alex Zdanov
Published: 2022-09-24