Heart of Texas Electric Coop: Rates and Coverage Area

Heart of Texas Electric Coop

Electricity Rates, Plans & Statistics

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About Heart of Texas Electric Coop

Heart of Texas Electric Coop supplies electricity to 7 counties in Texas. The entity is an electricity cooperative. They currently provide electricity to residential, commercial and industrial customer accounts, with a total of 68 industrial customers, 5,854 commercial accounts and 17,748 residential customer accounts subscribed. Heart of Texas Electric Coop's customers spend, on average, 13.23 cents per kilowatt hour for their electricity, which is 8.31% lower than the average Texas rate of 14.43 cents and 15.92% below the US average of 15.73. In 2022 they sold 96.54% of their megawatt hours to end users (known as retail sales). The electricity they sourced consisted of megawatt hours that they acquired on wholesale channels. They purchased 590,474 wholesale megawatt hours. Their revenue for 2022 from electricity related activities was $69,359,600, with 97.61% coming from retail sales to end users.

The average monthly residential electric bill for a customer of Heart of Texas Electric Coop is $216.36 per month. Electricity production is not part of the Heart of Texas Electric Coop business model, as they purchase electricity at wholesale rates from other providers and then resell to their customers.

Heart of Texas Electric Coop Net Metering

Net metering is offered to customers of Heart of Texas Electric Coop. This is a positive for any consumer potentially installing solar panels, as net metering allows them to sell their unneeded electricity back to the grid.

Energy Loss

Heart of Texas Electric Coop reports energy loss of 3.46% of their generation during transmission. The state average for energy loss is 1.24% and the US average is 2.87%. This leaves Heart of Texas Electric Coop with a ranking of 36th best out of 175 companies in Texas and 484th best out of 3517 suppliers in the United States.

Heart of Texas Electric Coop Rate & Electric Bills

Heart of Texas Electric Coop residential electric rates are highest in March and the highest average bill is in August.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.137/kWh$0.087/kWh$337.55/mo.$102.93/mo.
1348th13.23¢Heart of Texas Electric Coop's Average residential price per kWh
2891st$216.36Average monthly electricity bill for Heart of Texas Electric Coop's residential customers

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Heart of Texas Electric Coop Overview

  • Company Type:Cooperative
  • Headquarters:1111 Johnson Drive
    McGregor, Texas 76657
    United States of America
  • CEO:Mike Williams

Heart of Texas Electric Coop Contact

Heart of Texas Electric Coop Service

Energy Loss

Heart of Texas Electric Coop's energy loss due to business operations.

-3.46%

Total Energy Loss

20,443MWh

484 National Rank

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Heart of Texas Electric Coop Coverage Map

Coverage Map Placeholder

Heart of Texas Electric Coop State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Texas23,67067,403,737.3197100%

Heart of Texas Electric Coop County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Bell County388,3864413.71$153.30/mo
Bosque County18,2754413.70$153.45/mo
Coryell County85,0574413.73$153.06/mo
Falls County17,0744513.78$153.68/mo
Hamilton County8,2114513.73$152.72/mo
McLennan County266,8364513.71$153.33/mo
Milam County24,8954413.70$153.98/mo

Cities Heart of Texas Electric Coop Has Coverage

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

Heart of Texas Electric Coop Reviews

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Heart of Texas Electric Coop FAQ:

What is the phone number for Heart of Texas Electric Coop?

Heart of Texas Electric Coop's customer service phone number is (800) 840-2957

How much is the average bundled bill for Heart of Texas Electric Coop customers each month?

The average monthly bundled electric bill for customers of Heart of Texas Electric Coop is $216.36. The Texas average bundled bill is $164.45 and the nationwide average is $164.45.

Who is the CEO of Heart of Texas Electric Coop?

The current CEO of Heart of Texas Electric Coop is Mike Williams.

How many counties does Heart of Texas Electric Coop sell electricity to?

There are 7 counties that receive at least some electricity coverage by Heart of Texas Electric Coop.

What is the average bundled electricity rate for Heart of Texas Electric Coop customers?

Heart of Texas Electric Coop's current average bundled electricity rate is 13.23 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 14.43 cents and the average nationwide rate of 15.73 cents.

What cities does Heart of Texas Electric Coop have customers in in?

Heart of Texas Electric Coop provides electricity to 24 cities throughout the nation including Texas.

Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-03-07