Minnesota Valley Electric Cooperative

About Minnesota Valley Electric Cooperative

Minnesota Valley Electric Cooperative is an electricity cooperative. The largest county served by Minnesota Valley Electric Cooperative is Scott County, but the company also supplies electricity in 6 counties in the state of Minnesota. Electricity companies must regularly report their customer counts to government agencies. In the most recent report the provider listed a total of 48,178 customers receiving electricity from the company. Exactly 4,261 of these customers are commercial accounts and 43,917 are residential properties. Customers of Minnesota Valley Electric Cooperative pay an average residential electricity rate of 13.60 cents per kilowatt hour. This is 14.24% lower than Minnesota's average rate of 15.86 cents, ranking the provider at 76th out of 174 providers in Minnesota for best average electricity price. Approximately 882,108 megawatt hours were sold by the provider to retail customers in 2023. The electricity sourced by Minnesota Valley Electric Cooperative is made up of primarily wholesale purchased megawatt hours, with 905,155 procured by the company. The revenue for Minnesota Valley Electric Cooperative for 2023 from electricity sales was $104,217,000, with $101,649,000 from retail sales to end users.

The US average monthly residential electricity bill is $143.38, while the Minnesota Valley Electric Cooperative average is 5.79% less at $135.08 per month. This is the 1453rd lowest average monthly bill amount for a provider in the nation. Consumers of the provider experience 0.43 power outages on average per year, with outages lasting about 42.5 minutes. The national averages for these data points are 1.44 outages at 123.49 minutes each. Electricity production is not handled in house at the company, as they purchase power at wholesale rates and then resell to their customers.