Midwest Electric Inc

About Midwest Electric Inc

Midwest Electric Inc is an electric cooperative. The largest city serviced by the supplier is Wapakoneta, but the company also provides electricity to 7 cities in Ohio. A total of 13,197 customers (12,765 residential properties, 422 commercial accounts and 10 industrial properties) receive electricity from the supplier. Midwest Electric Inc has an average residential electricity rate of 14.54 cents per kilowatt hour . This is below both the Ohio and nationwide average rates of 16.67 and 15.73 cents per kilowatt hour, respectively. In 2023 they sold 94.51% of their megawatt hours to end users (known as retail sales). Of the megawatt hours they sourced, 291,887 megawatt hours were purchased on wholesale channels. In 2023, the company had revenue of $34,785,000 from retail electricity sales.

The Ohio average monthly residential power bill is $144.68, while the Midwest Electric Inc average is 42.34% higher at $203.67 per month. Midwest Electric Inc is the 108th ranked supplier in the state for average monthly bill amount. The provider's customers experience an average of 0.94 electrical outages per customer a year. These outages go on for an average of 70.9 minutes, while the nationwide average is 1.44 outages per customer and 123.49 minutes an outage. The company is not associated with any electricity production plants and all of the electricity that they sell to their consumers must be purchased wholesale from other suppliers.