North West Rural Electric Cooperative

About North West Rural Electric Cooperative

North West Rural Electric Cooperative is an electric cooperative. The largest city served by the provider is Le Mars, but the company also supplies electricity to 15 cities in Iowa. Electricity providers must regularly report the total number of customers signed on for their services to government agencies. In the most recent report the company reported 10,223 customers receiving their services. Around 90.60% of these are residential accounts, 8.80% are commercial accounts and 0.60% are industrial properties. North West Rural Electric Cooperative charges their consumers a residential electricity price of 8.53 cents per kilowatt hour on average . This is lower than both the Iowa and United States average rates of 12.89 and 15.64 cents per kilowatt hour, respectively. In 2022 North West Rural Electric Cooperative had sales to end users totaling 690,728 megawatt hours. Of the megawatt hours they sourced, 717,224 megawatt hours were acquired by way of the wholesale market. The total revenue for North West Rural Electric Cooperative in 2022 from electricity sales was $50,475,500, with $73,700 coming from wholesale electricity sales and $51,003,500 from retail sales to end users.

The national average monthly residential electric bill is $132.69, while the North West Rural Electric Cooperative average is 54.59% higher at $205.13 per month. North West Rural Electric Cooperative is the 2862nd ranked company in the nation for average monthly bill total. Customers of the provider are faced with 1.29 power outages a year with outages lasting an average of 104.99 minutes. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end consumers.