Northfork Electric Cooperative

About Northfork Electric Cooperative

With their main offices in Sayre, Oklahoma, Northfork Electric Cooperative offers services 2 states throughout the US and is considered an electric cooperative. The company last disclosed a total of 6,556 customers, 127 of which are industrial accounts, 1,172 are commercial customers and 5,257 of which are residential customers. Northfork Electric Cooperative averages 15.38 cents per kilowatt hour charged to their patrons for residential electricity, which is 26.61% more than Oklahoma's average rate of 12.15 cents. This ranks the provider 82nd best for average electricity rate out of 93 providers in the state. The supplier sold 149,981 megawatt hours via retail sales in 2019. The electricity they sourced was made up of megawatt hours that they purchased by way of the wholesale electricity market. They purchased 158,862 megawatt hours on the wholesale market. In 2019, the company earned $18,982,300 from retail electricity sales.

Consumers of the company have an average monthly residential power bill of $183.95. This is 38.63% above the national average of $132.69. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end consumers.