North Alabama Electric Cooperative

About North Alabama Electric Cooperative

North Alabama Electric Cooperative serves electricity to 2 counties in Alabama including counties like Marshall County and Jackson County. The entity is an electric cooperative. At the time of the most recent government reports, the provider had a total of 19,785 electricity customers signed on for their services. This total is made up of 67.62% residential customer accounts, 32.37% commercial customer accounts and 0.02% industrial customers. On average, North Alabama Electric Cooperative charges their customers a residential electricity price of 12.58 cents per kilowatt hour, which is 21.07% below the state's average price of 15.94 cents and 22.41% less than the national average of 16.22 cents. In 2023 the company sold 96.01% of their total megawatt hours disposed via normal retail sales to end users. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 454,606 megawatt hours procured by the company. Their total revenue in 2023 from electricity activities was $47,061,700, with $45,748,000 coming from retail sales to end users.

Consumers of the company pay an average monthly residential electric bill of $162.74. This is 14.84% less than the Alabama average bill of $184.01. Electricity production is not part of the North Alabama Electric Cooperative business plan, as they purchase electricity at wholesale rates and then resell to their consumers.