Midwest Electric Cooperative Corporation

About Midwest Electric Cooperative Corporation

Midwest Electric Cooperative Corporation is an electricity cooperative. The largest city served by the supplier is Paxton, but the company also provides electricity to 3 cities in the state of Nebraska. Electricity companies must regularly report their customer counts to government agencies. Recently the provider listed 2,391 residential customers, 2,223 commercial customer accounts and 2,184 industrial customers signed up to receive electricity from the company. This is the entirety of their customers. Midwest Electric Cooperative Corporation averages 11.98 cents per kilowatt hour billed to their patrons for residential electricity. While this is higher than the state average rate of 11.90 cents per kilowatt hour, it is less than the US average of 16.22 cents. A total of 251,351 megawatt hours were sold through retail sales in 2023 by the provider. The electricity sourced by the company is made up primarily of megawatt hours they procured via the wholesale market. This category makes up 100.00% of all electricity sourced by the company. Through sales to retail customers , The company earned $30,300,000 in 2023.

The national average monthly residential electric bill is $143.38, while the Midwest Electric Cooperative Corporation average is 5.13% more at $150.73 per month. Midwest Electric Cooperative Corporation ranks 1888th in the country for average monthly bill amount. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end customers. Customers of the company deal with 0.53 electrical outages each year with outages lasting on average 59.56 minutes.