HILCO Electric

About HILCO Electric

HILCO Electric provides electricity for 5 counties in Texas. The entity is an electric cooperative. The company last reported a total of 32,640 customers. Exactly 2 of them are industrial properties, 7,834 are commercial customers and 24,804 are residential accounts. HILCO Electric's average residential electricity rate per kilowatt hour is 15.97 cents per kilowatt hour, which is 10.31% more than the average state rate of 14.48 cents. They sold 665,721 megawatt hours in 2022 via retail accounts. During the same timeframe, HILCO Electric purchased 707,503 megawatt hours through wholesale channels. In 2022, the supplier made a total of $101,408,000 from business activities relating to the sale and transfer of electricity. They had 98.48% of their revenue coming from retail sales to end users.

The nationwide average monthly residential power bill is $135.34, while the HILCO Electric average is 82.88% more at $247.51 per month. HILCO Electric is the 2927th ranked provider in the US for average monthly bill amount. The power grid operated by the company has an average of 0.54 outages per consumer a year, with outages lasting on average 58 minutes. The national average for other companies is 1.45 outages per consumer and approximately 171.11 minutes an outage. The company does not have ownership in any electricity facilities and all of the megawatt hours that they sell to their customers must be purchased wholesale from other suppliers.