Jemez Mountains Electric Cooperative

About Jemez Mountains Electric Cooperative

Jemez Mountains Electric Cooperative operates in 4 cities and is considered an electricity cooperative. At the moment the company provides electricity to residential, commercial and industrial customer accounts, with a total of 28,006 residential customer accounts, 3,550 commercial customer accounts and 9 industrial accounts recently reported to be signed on for their services. Consumers of Jemez Mountains Electric Cooperative purchase electricity for, on average, 13.50 cents per kilowatt hour, which is 4.86% below the average state price of 14.18 cents. Of the 391,182 megawatt hours Jemez Mountains Electric Cooperative sold and dispossessed, 358,552 were from sales to end users. The electricity sourced by the company primarily came from megawatt hours that they acquired via wholesale channels. They purchased 391,182 megawatt hours on the wholesale market. The company made $47,028,500 in total revenue for 2022 through retail electricity sales alone.

Consumers of the supplier pay an average residential electricity bill of $77.08. This is 41.91% less than the United States average of $132.69. The provider currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other suppliers and then resell it at a higher rate to end customers.