HD Electric

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 3,654 customers receiving their services. Exactly 326 of these customers are industrial properties, 380 are commercial customers and 2,948 are residential properties. HD Electric averages 12.36 cents per kilowatt hour billed to their consumers for residential electricity. Fortunately for their customers, this price is lower than the nationwide average rate of 16.22 cents per kilowatt hour. They had total sales and disposition of 112,392 megawatt hours in 2019, of which 94.11% were from retail sales. The electricity sourced by HD Electric is made up of primarily wholesale purchased megawatt hours, with 112,392 megawatt hours purchased by the company. In 2019, the provider earned $11,332,000 from retail electricity sales to end users. Their total revenue from electricity activities was $11,432,000.

The US average monthly residential electric bill is $143.38, while the HD Electric average is 92.33% higher at $275.76 per month. HD Electric is the 2925th 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.