Otsego Electric Cooperative

About Otsego Electric Cooperative

Otsego Electric Cooperative provides electricity to 4 counties in the state including counties like Madison County, Herkimer County, Otsego County, and Chenango County. The company is an electric cooperative. There are 4,889 customer accounts receiving electricity from the supplier. These customer accounts are made up of 5.97% commercial customers and 94.03% residential accounts. Otsego Electric Cooperative bills their consumers a residential electricity rate of 14.06 cents per kilowatt hour on average, which is 10.10% less than the average nationwide price of 15.64 cents. The provider sold 52,056 megawatt hours through retail sales in 2019. The electricity they sourced was made up of megawatt hours that they acquired on the wholesale electricity market. They purchased 56,859 wholesale megawatt hours. In 2019, the provider earned 98.08% of their revenue from retail electricity sales to end users.

The state average monthly residential electric bill is $119.14, while the Otsego Electric Cooperative average is 3.52% lower at $114.47 per month. This is the 57th lowest average monthly bill amount for a provider in the state. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it to end users.