Holston Electric Cooperative

About Holston Electric Cooperative

Holston Electric Cooperative provides electricity for 2 counties in Tennessee. The entity is an electric cooperative. There are 25,447 residential customers, 6,171 commercial customer accounts and 18 industrial customer accounts receiving electricity from the company. Customers of Holston Electric Cooperative spend, on average, 12.86 cents per kilowatt hour for their electricity. This is, unfortunately for their patrons, 4.67% higher than the state's average price of 12.28 cents, resulting in the provider ranking 65th lowest for average electricity rate out of 90 companies in Tennessee. Holston Electric Cooperative had total sales and disposition of 839,452 megawatt hours in 2022, of which 94.61% were from sales to end users. During the same timeframe, Holston Electric Cooperative acquired 839,452 megawatt hours via the wholesale market. The revenue for the company in 2022 from electricity sales was $92,402,800, with 94.85% coming from retail sales to end users.

Patrons of the provider pay an average monthly residential power bill of $148.56. This is 5.32% more than the state average bill of $141.33. Electricity generation is not part of the Holston Electric Cooperative business plan, as they purchase electricity at wholesale rates from other companies and then resell to their consumers. The power grid operated by the provider experiences an average of 2.69 outages per consumer each year, with outages lasting on average 170.82 minutes. The nationwide average for other suppliers is 1.45 outages per consumer and about 171.11 minutes per outage.