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 1,749 customer accounts, 1,300 of which are residential properties and 449 of which are commercial properties. Franklin Rural Electric Cooperative averages 13.29 cents per kilowatt hour billed to their customers for residential electricity, which is 1.93% more than the state's average price of 13.04 cents. This makes the company 106th lowest for average electricity price out of 183 providers in the state. The company sold 63,848 megawatt hours in 2019 via retail sales. The electricity sourced by the company came from a mix of electricity generation from electricity facilities owned by Franklin Rural Electric Cooperative and additional megawatt hours that they acquired by way of the wholesale electricity market. They purchased 66,801 megawatt hours on the wholesale market and produced 219 megawatt hours. In 2019 they had total electricity related revenue of $7,556,000, with 99.81% from retail sales.
The average residential power bill for a customer of Franklin Rural Electric Cooperative is $219.16 per month, while the nationwide average is $135.34. Electricity production is not part of the Franklin Rural Electric Cooperative business plan, as they purchase power at wholesale rates from other companies and then resell to their end users.
Customers of Franklin Rural Electric Cooperative have the ability to take advantage of net metering. Net metering makes solar panel installation more economically viable as it allows people to sell electricity into the grid.
Franklin Rural Electric Cooperative Rate & Electric Bills
Franklin Rural Electric Cooperative residential electric rates are highest in July and the highest average bill is in July.
Historical Electricity Rates:
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Franklin Rural Electric Cooperative Overview
- Company Type:Cooperative
- Headquarters:1560 Highway 65
Hampton, Iowa 50441
United States of America - CEO:Garrett Thompson
Franklin Rural Electric Cooperative Contact
- Website:www.franklinrec.coop
- Customer Service Phone:(641) 456-2557
- Contact Page:www.franklinrec.coop
- Social Media:
Franklin Rural Electric Cooperative Service
- Outage Map:www.iowarec.org
- Outage Phone:(641) 456-2557
- States Served:
- Iowa
- Counties Served:
- Cerro Gordo County
- Butler County
- Franklin County
- Major Cities Served:See all cities
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Franklin Rural Electric Cooperative Coverage Map
Franklin Rural Electric Cooperative State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Iowa | 1,749 | 6,529,160.15 | 51 | 100% |
Franklin Rural Electric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Butler County | 14,421 | 5 | 13.93 | $200.10/mo |
| Cerro Gordo County | 43,185 | 3 | 16.88 | $151.48/mo |
| Franklin County | 10,056 | 4 | 13.88 | $207.18/mo |
Cities Franklin Rural Electric Cooperative Has Coverage
- Alexander, IA
- Dougherty, IA
- Hampton, IA
- Latimer, IA
- Popejoy, IA
- Rockwell, IA
- Sheffield, IA
* City coverage generated based on government data. Always verify you can get service from the provider.
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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 $219.16.
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 13.29 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.
