MiEnergy Cooperative

About MiEnergy Cooperative

MiEnergy Cooperative is an electricity cooperative headquartered in Rushford, Minnesota and supplying electricity to customers in 2 states in the nation including in major cities such as Winona, Decorah, La Crescent, Goodview, and St. Charles. With 24,242 total customers, the supplier provides electricity to 21,870 residential customers, 2,352 commercial properties and 20 industrial locations. On average, MiEnergy Cooperative's residential electricity rate is 17.45 cents per kilowatt hour, which is 7.60% higher than the nationwide average of 16.22 cents. The supplier sold 102,383 megawatt hours through wholesale channels to other electricity providers and 547,100 megawatt hours through retail sales in 2023. The electricity produced in the company's power plants made up 16 of the megawatt hours sourced by the company and the purchase of wholesale electricity made up an additional 678,606. In 2023, they made a total of $79,302,800 from business activities relating to the sale and transfer of electricity. They had 9.17% of their revenue come from wholesale electricity sales and 88.72% from retail sales to end users.

The national average monthly residential power bill is $143.38, while the MiEnergy Cooperative average is 18.00% higher at $169.19 per month. MiEnergy Cooperative is the 2299th ranked provider in the country for average monthly bill total. The electricity grid managed by the company has 0.61 outages per consumer per year, with outages lasting an average of 51.77 minutes. The national average for other companies is 1.44 outages per customer and 123.49 minutes an outage. The company currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other companies and then resell it to end customers.