HILCO Electric: Rates and Coverage Area

HILCO Electric

Electricity Rates, Plans & Statistics

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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 32,531 customers. Exactly 2 of them are industrial properties, 7,807 are commercial customers and 24,722 are residential accounts. HILCO Electric's average residential electricity rate per kilowatt hour is 15.84 cents per kilowatt hour, which is 9.99% more than the average state rate of 14.40 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 $135.78, while the HILCO Electric average is 86.54% more at $253.28 per month. HILCO Electric is the 2929th ranked provider in the US for average monthly bill amount. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end customers.

HILCO Electric Net Metering

Offering net metering to customers is a win-win situation for HILCO Electric and any citizens who receive their electricity from the company. This is a positive for any customer considering purchasing private solar panels, as net metering allows them to sell their extra electricity back to their provider.

Energy Loss

All electricity providers who generate electricity suffer from some amount of energy loss from heat dissipation or alternative factors. HILCO Electric is no different, as they have a yearly loss of roughly 5.91% of the electricity they produce. The state average for energy loss is 1.24% and the nationwide average is 2.87%. This gives HILCO Electric a ranking of 84th best out of 175 companies in the state and 1071st best out of 3518 suppliers in the US.

HILCO Electric Rate & Electric Bills

HILCO Electric residential electric rates are highest in January and the highest average bill is in December.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.163/kWh$0.097/kWh$384.63/mo.$115.64/mo.
2300th15.84¢HILCO Electric's Average residential price per kWh
2929th$253.28Average monthly electricity bill for HILCO Electric's residential customers

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HILCO Electric Overview

  • Company Type:Cooperative
  • Headquarters:115 East Main Street
    Itasca, Texas 76055
    United States of America
  • CEO:Thomas Cheek

HILCO Electric Contact

HILCO Electric Service

Energy Loss

HILCO Electric's energy loss due to business operations.

-5.91%

Total Energy Loss

41,782MWh

1071 National Rank

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HILCO Electric Coverage Map

Coverage Map Placeholder

HILCO Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Texas32,50699,170,602.5777100%

HILCO Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Dallas County2,600,8404613.67$153.14/mo
Ellis County212,1824513.70$154.15/mo
Hill County35,6864513.71$154.73/mo
Johnson County195,5064413.69$154.25/mo
McLennan County266,8364513.69$154.14/mo

Cities HILCO Electric Has Coverage

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

HILCO Electric Reviews

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HILCO Electric FAQ:

How many counties does HILCO Electric offer service in?

HILCO Electric sells electricity in 5 counties.

How much is the average bundled bill for HILCO Electric customers each month?

Currently, the average monthly bundled electric bill for customers of HILCO Electric is $253.28. The Texas average bundled bill is $165.30 and the United States average is $165.30.

Who is the CEO of HILCO Electric?

HILCO Electric's current CEO is Thomas Cheek.

What cities does HILCO Electric provider electricity to?

HILCO Electric has customers in 26 cities throughout the US.

What is the phone number for HILCO Electric?

The HILCO Electric phone number is (800) 338-6425.

What is the average bundled electricity rate for HILCO Electric customers?

Consumers of HILCO Electric, on average, have an electricity bundled rate 15.84 cents per kilowatt hour (¢/kWh).

Fernando García
Last Reviewed By: Fernando García
Published: 2024-01-13