HD Electric: Rates and Coverage Area

HD Electric

Electricity Rates, Plans & Statistics

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About HD Electric

With headquarters in Clear Lake, South Dakota, HD Electric offers services 2 states throughout the country and is classified as an electricity cooperative. Electricity companies must regularly report the number of customers signed on for their services to government agencies. On the most recent reports the supplier reported a total of 3,754 customers receiving their services. Exactly 2,730 of these are residential properties and 1,024 are industrial accounts. HD Electric's patrons pay an average residential electricity rate of 9.64 cents per kilowatt hour, ranking the provider at 294th out of 2893 in the US. In 2019 the company had retail sales of 105,776 megawatt hours. During the same timeframe, HD Electric purchased 112,392 megawatt hours via wholesale electricity channels. The total revenue for HD Electric for 2019 from electricity sales was $11,432,000, with 99.13% coming from retail sales to end users.

The US average monthly residential electric bill is $133.26, while the HD Electric average is 157.77% higher at $343.51 per month. HD Electric is the 2953rd ranked supplier in the country for average monthly bill amount. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users.

HD Electric Rate & Electric Bills

HD Electric residential electric rates are highest in January and the highest average bill is in July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.113/kWh$0.096/kWh$343.51/mo.$197.81/mo.
294th9.64¢HD Electric's Average residential price per kWh
2953rd$343.51Average monthly electricity bill for HD Electric's residential customers

HD Electric Overview

  • Company Type:Cooperative
  • Headquarters:18240 South Dakota Highway 15
    Clear Lake, South Dakota 57226
    United States of America
  • CEO:Matt Hotzler

HD Electric Contact

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HD Electric Coverage Map

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HD Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
South Dakota3,74312,734,0002799.84%

HD Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Brookings County34,315611.90$168.18/mo
Deuel County4,28319.67$340.35/mo
Hamlin County6,12749.70$332.43/mo

Cities HD Electric Has Coverage

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

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HD Electric FAQ:

How many states does HD Electric sell electricity to?

HD Electric sells electricity to customers in 2 states.

What is the average bundled bill for HD Electric customers each month?

HD Electric currently has an average monthly bundled electric bill of $343.51, compared to the nationwide of $133.26 for bundled service.

What is the phone number for HD Electric?

HD Electric's customer service phone number is (605) 874-2171

What is the average BUNDLED electricity rate for HD Electric customers?

The average BUNDLED rate of electricity for customers of HD Electric is 9.64 cents per kilowatt hour (¢/kWh).

What cities does HD Electric have customers in in?

HD Electric has customers in 7 cities.

How many counties does HD Electric sell electricity to?

There are 3 counties that receive at least some electricity coverage by HD Electric including Minnesota and South Dakota.

Who is the CEO of HD Electric?

HD Electric's CEO is Matt Hotzler.

Fernando García
Last Reviewed By: Fernando García
Published: 2023-12-06