Grundy County Rural Electric Cooperative

About Grundy County Rural Electric Cooperative

Grundy County Rural Electric Cooperative is an electricity cooperative. The largest city serviced by the provider is Grundy Center, but the company also supplies electricity to 5 cities in Iowa. The provider has 3 industrial customers, 1,685 residential customers and 591 commercial customer accounts. The residential electricity price for patrons of Grundy County Rural Electric Cooperative is, on average, 10.29 cents per kilowatt hour, which is 20.18% lower than the state's average price of 12.89 cents. This ranks the supplier 34th lowest for average electricity rate out of 183 suppliers in the state. They sold 6,084 megawatt hours through wholesale channels to other electricity providers in 2019. Wholesale power purchases made up 100.00% of all electricity sourced by the company . Exactly 72,785 megawatt hours were purchased on the wholesale electricity market. Their revenue for 2019 from electricity activities was $7,830,000, with 6.99% coming from sales to the wholesale electricity market.

The US average monthly residential power bill is $132.69, while the Grundy County Rural Electric Cooperative average is 88.69% more at $250.39 per month. Grundy County Rural Electric Cooperative ranks 2930th in the US for average monthly bill amount. The company currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end users.