Hendricks Power Cooperative: Rates and Coverage Area

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. At the moment, there are 34,646 customers of the provider. Exactly 4 of them are industrial properties, 929 are commercial customers and 33,713 of them are residential customers. Patrons of Hendricks Power Cooperative spend, on average, 12.74 cents per kilowatt hour for their electricity, which is 10.74% lower than the average state price of 14.27 cents and 19.01% lower than the US average of 15.73. The company had sales of 853,442 megawatt hours in 2022 sold to end users. Wholesale power purchases made up 100.00% of all electricity sourced by the company . Exactly 884,980 megawatt hours were acquired by way of the wholesale market. In 2022, the provider had revenue of $99,121,500 from retail electricity sales to end users.

The average residential power bill for a customer of Hendricks Power Cooperative is $146.65 per month. Consumers of the supplier pay 17.15% more compared to the rest of the state. Electricity generation is not part of the Hendricks Power Cooperative business plan, as they purchase electricity at wholesale rates to then be resold to their customers.

Hendricks Power Cooperative Net Metering

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.

Energy Loss

Hendricks Power Cooperative reported a yearly loss of about 3.56% 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 22nd best out of the 111 providers that operate in Indiana and report energy loss and 508th best out of 3517 in the country.

Hendricks Power Cooperative Rate & Electric Bills

Hendricks Power Cooperative residential electric rates are highest in October and the highest average bill is in August.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.150/kWh$0.111/kWh$212.78/mo.$112.91/mo.
1144th12.74¢Hendricks Power Cooperative's Average residential price per kWh
2174th$146.65Average monthly electricity bill for Hendricks Power Cooperative's residential customers

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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

Hendricks Power Cooperative Service

Energy Loss

Hendricks Power Cooperative's energy loss due to business operations.

-3.56%

Total Energy Loss

31,538MWh

508 National Rank

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Hendricks Power Cooperative Coverage Map

Coverage Map Placeholder

Hendricks Power Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Indiana34,64688,757,783.9513100%

Hendricks Power Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Hendricks County182,534512.79$140.70/mo
Montgomery County37,9671014.14$138.86/mo
Morgan County72,236514.36$148.47/mo
Putnam County36,838614.02$144.94/mo

Cities Hendricks Power Cooperative Has Coverage

* 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 $146.65, compared to the Indiana average of $123.43 and the US of $123.43 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 12.74 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 14.27 cents and the average nationwide rate of 15.73 cents.

What is the phone number for Hendricks Power Cooperative?

The Hendricks Power Cooperative phone number is (317) 745-5473.

How many counties does Hendricks Power Cooperative supply electricity in?

Hendricks Power Cooperative supplies electricity to customers in 4 counties throughout the nation.

What cities does Hendricks Power Cooperative sell electricity in?

Hendricks Power Cooperative serves 15 cities throughout the United States.

Who is the CEO of Hendricks Power Cooperative?

Hendricks Power Cooperative's current CEO is Greg Ternet.

Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-06-18