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 2,376 residential customers, 2,210 commercial customer accounts and 2,181 industrial customers signed up to receive electricity from the company. This is the entirety of their customers. Midwest Electric Cooperative Corporation averages 11.69 cents per kilowatt hour billed to their patrons for residential electricity. While this is higher than the state average rate of 11.31 cents per kilowatt hour, it is less than the US average of 15.76 cents. A total of 323,903 megawatt hours were sold through retail sales in 2022 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. In 2022 the provider had total electricity related revenue of $35,489,600, with 98.47% coming from retail sales.

The national average monthly residential electric bill is $135.34, while the Midwest Electric Cooperative Corporation average is 1.45% more at $137.31 per month. Midwest Electric Cooperative Corporation ranks 1937th 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 0.49 electrical outages each year with outages lasting on average 57.15 minutes.