Northfork Electric Cooperative

About Northfork Electric Cooperative

Northfork Electric Cooperative supplies electricity to 5 cities and is considered an electric cooperative. At the moment, 6,308 consumers are supplied electricity by the company. These customers are a mix of 115 industrial locations, 1,113 commercial customers and 5,080 residential customer accounts. Northfork Electric Cooperative's customers are billed an average residential electricity price of 15.08 cents per kilowatt hour. This is 4.30% less than the nationwide average price of 15.76 cents. Of the 158,862 megawatt hours the company sold and dispossessed, 94.41% were via sales to end users. The electricity sourced by the supplier primarily came from megawatt hours that they acquired by way of wholesale channels. They purchased 158,862 wholesale megawatt hours. In 2019 the supplier had total electricity related revenue of $19,051,200, with 99.64% from retail sales.

Consumers of the company have an average monthly residential power bill of $168.58. This is 24.56% above the national average of $135.34. 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.