Modern Electric Water Company

Electricity Rates, Plans & Statistics

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About Modern Electric Water Company

Modern Electric Water Company is headquartered in Spokane Valley, Washington and it provides electricity in the citizens located there. At the moment, 10,328 consumers receive their electricity from the supplier. These customers are a mix of 1,677 commercial customers and 8,651 residential customer accounts. The residential electricity rate for patrons of Modern Electric Water Company is, on average, 6.22 cents per kilowatt hour , which is less than both the Washington and nationwide average rates of 10.13 and 13.71 cents per kilowatt hour, respectively. Of the 232,680 megawatt hours the provider sold and dispossessed, 220,295 were from retail sales. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 232,680 megawatt hours acquired by the company. In 2020, the company had revenue of $13,862,100 from retail electricity sales.

The state average monthly residential electricity bill is $100.8, while the Modern Electric Water Company average is 35.04% less at $58.32 per month. This is the 3rd lowest average monthly bill amount for a supplier in the state. Electricity generation is not part of the Modern Electric Water Company business plan, as they purchase electricity at wholesale rates from other companies and then resell to their customers.

Modern Electric Water Company Net Metering

Offering net metering to consumers is a win-win situation for Modern Electric Water Company and residents who get their electricity from the company. Without net metering, solar panel installation is significantly less attractive economically, as individuals have no way to sell extra energy back into the grid.

Energy Loss

All providers who produce electricity suffer from some energy loss from heat depletion or other factors. Modern Electric Water Company is no different, as they have a yearly loss of around 4.00% of the total electricity they produce. The state of Washington has an energy loss average of 3.51% and the nationwide average is 2.76%, resulting in Modern Electric Water Company receiving a rank of 21st best out of 56 providers reporting energy loss in Washington.

Modern Electric Water Company Rate & Electric Bills

Modern Electric Water Company residential electric rates are highest in January and the highest average bill is in March.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.067/kWh$0.060/kWh$63.79/mo.$56.98/mo.
59th6.22¢Modern Electric Water Company's Average residential price per kWh
81st$58.32Average monthly electricity bill for Modern Electric Water Company's residential customers

Modern Electric Water Company Overview

  • Company Type:Cooperative
  • Headquarters:904 North Pines Road
    Spokane Valley, Washington 99206
    United States of America
  • CEO:Joe Morgan

Modern Electric Water Company Contact

Modern Electric Water Company Service

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Energy provider of the year for Washington, Mid-Sized Provider Category
Top 3 Lowest Residential Electricity Rate
Washington, Mid-Sized Provider Category
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Energy provider of the year for Washington, Mid-Sized Provider Category
Top 3 Lowest Average Residential Monthly Bill
Washington, Mid-Sized Provider Category
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Energy provider of the year for Washington, Major Provider Category
Top 3 Lowest Average Residential Monthly Bill
Washington, Major Provider Category
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Energy Loss

Modern Electric Water Company's energy loss due to business operations.

-4.00%

Total Energy Loss

9,298MWh

630 National Rank

Modern Electric Water Company Coverage Map

Coverage Map Placeholder

Modern Electric Water Company State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Washington10,32813,862,10038100%

Modern Electric Water Company County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Spokane County539,33969.21$112.68/mo

Modern Electric Water Company Reviews

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Modern Electric Water Company FAQ:

What is the average bundled bill for Modern Electric Water Company customers each month?

The average monthly bundled electric bill for customers of Modern Electric Water Company is $58.32. The Washington average bundled bill is $100.80 and the United States average is $100.80.

Who is the CEO of Modern Electric Water Company?

The current CEO of Modern Electric Water Company is Joe Morgan.

What is the average bundled electricity rate for Modern Electric Water Company customers?

Modern Electric Water Company's current average bundled electricity rate is 6.22 cents per kilowatt hour (¢/kWh), compared to the average Washington bundled rate of 10.13 cents and the average US rate of 13.71 cents.

What is the phone number for Modern Electric Water Company?

The Modern Electric Water Company phone number is (509) 928-4540.

Last Reviewed By: Ginalyn Gelera
Published: 2022-08-01