La Plata Electric Association

About La Plata Electric Association

La Plata Electric Association supplies electricity to 4 cities and is considered an electric cooperative. At the moment, 42,099 consumers are supplied electricity by the company. These customers are a mix of 216 industrial locations, 6,598 commercial customers and 35,285 residential customer accounts. La Plata Electric Association's customers are billed an average residential electricity price of 17.55 cents per kilowatt hour, resulting in the supplier ranking 46th out of 64 companies in Colorado and 2512th out of 2885 in the nation for average electricity price. The company sold 236 megawatt hours through wholesale channels to other electricity providers in 2023. The electricity sourced by La Plata Electric Association is made up primarily of megawatt hours they purchased via the wholesale electricity market. Of the total electricity sourced by the company, whole purchased made up 100.00%. Their total revenue in 2023 from electricity related activities was $112,555,000, with 99.13% coming from retail sales to end users and 0.03% from wholesale electricity sales.

Consumers of the company have an average monthly residential power bill of $152.81. This is 9.71% above the national average of $139.28. Customers of the company are faced with 0.91 electrical outages each year with outages lasting on average 83.68 minutes. Electricity generation is not part of the La Plata Electric Association business model, as they purchase electricity at wholesale rates and then resell to their end users.