Hendricks Power Cooperative
Electricity Rates, Plans & Statistics
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About Hendricks Power Cooperative
Hendricks Power Cooperative provides electricity to 4 counties and is classified as an electricity cooperative. Hendricks Power Cooperative has an average residential electricity rate of 14.61 cents per kilowatt hour , which is lower than both the state and the US average rates of 15.20 and 16.22 cents per kilowatt hour, respectively. Roughly 839,565 megawatt hours were sold by the company to retail end users in 2023. During the same timeframe, the supplier purchased 872,092 megawatt hours via the wholesale electricity market. In 2023, they made a total of $105,317,300 from business activities relating to the sale and transfer of electricity. They had 99.13% of their revenue coming from retail sales to end users.
The average residential power bill for a customer of Hendricks Power Cooperative is $197.62 per month. Consumers of the supplier pay 40.16% more compared to the rest of the state. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end customers. The power grid managed by the company experiences an average of 0.94 outages per customer a year, with outages lasting on average 71 minutes. The US average for other providers is 1.44 outages per consumer and 123.49 minutes each outage.
Customers of Hendricks Power Cooperative are able to take advantage of net metering, which is a positive for both parties. Without net metering, solar panel installation is significantly less attractive economically, as consumers have no way to sell extra energy back into the grid.
Hendricks Power Cooperative reported a yearly loss of about 3.73% of the electricity that they produce. Loss of electricity due to heat dissipation during electricity transmission and other causes is a reality of being in the electricity generation industry and electricity providers must report these losses. Hendricks Power Cooperative's energy loss numbers place them at of 31st best out of the 111 providers that operate in Indiana and report energy loss and 733rd best out of 3530 in the country.
Hendricks Power Cooperative Rate & Electric Bills
Hendricks Power Cooperative residential electric rates are highest in May and the highest average bill is in July.
Historical Electricity Rates:
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Hendricks Power Cooperative Overview
- Company Type:Cooperative
- Headquarters:86 North County Road 500 East
Avon, Indiana 46123
United States of America - CEO:Greg Ternet
Hendricks Power Cooperative Contact
- Website:www.hendrickspower.com
- Customer Service Phone:(317) 745-5473
- Contact Page:www.hendrickspower.com
- Social Media:
Hendricks Power Cooperative Service
- Rates & Plans:www.hendrickspower.com
- Outage Map:hendrickspower.outagemap.coop
- States Served:
- Indiana
- Counties Served:
- Hendricks County
- Morgan County
- Montgomery County
- Putnam County
- Major Cities Served:
- Plainfield
- Brownsburg
- Avon
- Danville
- Greencastle
- Pittsboro
- Heritage Lake CDP
- Cloverdale
- Monrovia
- Clayton
Energy Loss
Hendricks Power Cooperative's energy loss due to business operations.
Total Energy Loss
32,527MWh
733 National Rank
Grid Reliability
Length & Frequency of Hendricks Power Cooperative's Power Outages
71 min.
vs. national average of 123.49 min.
0.94 outages/yr
vs. national average of 1.44
Power Outages
Currently, 0 customers are being tracked in Hendricks Power Cooperative.
Customers Out:
0
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Hendricks Power Cooperative Coverage Map
Hendricks Power Cooperative State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Indiana | 35,328 | 118,117,324.58 | 13 | 100% |
Hendricks Power Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Hendricks County | 182,534 | 6 | 14.36 | $177.05/mo |
| Montgomery County | 37,967 | 10 | 15.76 | $174.88/mo |
| Morgan County | 72,236 | 5 | 15.69 | $183.47/mo |
| Putnam County | 36,838 | 6 | 15.83 | $183.55/mo |
Cities Hendricks Power Cooperative Has Coverage
- Amo, IN
- Avon, IN
- Brownsburg, IN
- Clayton, IN
- Cloverdale, IN
- Coatesville, IN
- Danville, IN
- Fillmore, IN
- Greencastle, IN
- Lizton, IN
- Monrovia, IN
- North Salem, IN
- Pittsboro, IN
- Plainfield, IN
- Stilesville, IN
* City coverage generated based on government data. Always verify you can get service from the provider.
Hendricks Power Cooperative Reviews
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Hendricks Power Cooperative FAQ:
How much is the average bundled bill for Hendricks Power Cooperative customers each month?
Hendricks Power Cooperative currently has an average monthly bundled electric bill of $197.62, compared to the Indiana average of $140.04 and the US of $140.04 for bundled service.
What is the average bundled electricity rate for Hendricks Power Cooperative customers?
Hendricks Power Cooperative's current average bundled electricity rate is 14.61 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 15.20 cents and the average nationwide rate of 16.22 cents.
When will Hendricks Power Cooperative power be restored?
The average number of minutes for an outage for Hendricks Power Cooperative's customers is 71 minutes.
How many counties does Hendricks Power Cooperative sell electricity to?
There are 4 counties that receive at least some electricity coverage by Hendricks Power Cooperative including Indiana.
Who is the CEO of Hendricks Power Cooperative?
Greg Ternet is the CEO of Hendricks Power Cooperative.
What is the phone number for Hendricks Power Cooperative?
Hendricks Power Cooperative's customer service phone number is (317) 745-5473
What cities does Hendricks Power Cooperative provider electricity in?
Hendricks Power Cooperative serves electricity in 15 cities.
