Owen Electrictric Cooperative: Rates and Coverage Area

Owen Electrictric Cooperative

Electricity Rates, Plans & Statistics

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About Owen Electrictric Cooperative

Owen Electrictric Cooperative serves electricity to 9 counties in the state such as the counties of Kenton County, Boone County, Campbell County, Scott County, and Grant County. The company is an electric cooperative. Owen Electrictric Cooperative's patrons are billed an average residential electricity price of 12.52 cents per kilowatt hour. This is 0.11% above the state's average rate of 12.51 cents, resulting in the supplier ranking 29th out of 61 companies in Kentucky for lowest average electricity price. A total of 2,538,898 megawatt hours were sold via retail sales in 2022 by the provider. During the same timeframe, Owen Electrictric Cooperative purchased 2,588,670 megawatt hours via the wholesale electricity market. Their total revenue for 2022 from electricity activities was $227,863,000, with 98.82% coming from retail sales to end users.

The nationwide average monthly residential electricity bill is $135.39, while the Owen Electrictric Cooperative average is 1.59% higher at $137.54 per month. Owen Electrictric Cooperative ranks 1950th in the US for average monthly bill total. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices from other suppliers and then resell it to end users.

Owen Electrictric Cooperative Net Metering

Offering net metering to consumers is a win-win situation for Owen Electrictric Cooperative and individuals who get their electricity from the company. The purchase of solar panels and alternative electricity sources is often prohibitively priced for private individuals. Net metering allows purchasers of these electricity sources to sell extra wattage back to their electricity supplier, making the installation of these alternative sources more financially friendly.

Energy Loss

Owen Electrictric Cooperative reported an annual loss of about 1.85% of the electricity that they produce. Loss of energy due to heat dissipation during electricity transmission and other causes is a reality of operating in the electricity generation industry and providers are required to report these losses. This percentage of electricity lost earns them a rank of 3rd best out of 57 providers reporting energy loss in the state.

Owen Electrictric Cooperative Rate & Electric Bills

Owen Electrictric Cooperative residential electric rates are highest in October and the highest average bill is in July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.139/kWh$0.101/kWh$197.77/mo.$91.66/mo.
1047th12.52¢Owen Electrictric Cooperative's Average residential price per kWh
1950th$137.54Average monthly electricity bill for Owen Electrictric Cooperative's residential customers

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Owen Electrictric Cooperative Overview

  • Company Type:Cooperative
  • Headquarters:8205 Highway 127 North
    Owenton, Kentucky 40359
    United States of America
  • CEO:Michael Cobb

Owen Electrictric Cooperative Contact

Owen Electrictric Cooperative Service

Energy provider of the year for Kentucky, Major Provider Category
Top 3 Lowest Energy Loss
Kentucky, Major Provider Category
Claim Award

Energy Loss

Owen Electrictric Cooperative's energy loss due to business operations.

-1.85%

Total Energy Loss

47,898MWh

180 National Rank

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Owen Electrictric Cooperative Coverage Map

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Owen Electrictric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Kentucky63,781196,104,867.2610100%

Owen Electrictric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Boone County139,093212.60$127.79/mo
Campbell County93,300312.61$123.31/mo
Carroll County10,808312.38$140.41/mo
Gallatin County8,694212.41$136.43/mo
Grant County24,918412.44$135.06/mo
Kenton County170,313212.69$120.69/mo
Owen County11,160212.38$135.78/mo
Pendleton County14,625512.27$140.14/mo
Scott County56,267312.07$133.93/mo

Cities Owen Electrictric Cooperative Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

Owen Electrictric Cooperative Reviews

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Owen Electrictric Cooperative FAQ:

Who is the CEO of Owen Electrictric Cooperative?

Owen Electrictric Cooperative's CEO is Michael Cobb.

What is the average bundled bill for Owen Electrictric Cooperative customers each month?

Customers of Owen Electrictric Cooperative pay, on average, a monthly bundled bill of $137.54.

What is the phone number for Owen Electrictric Cooperative?

The Owen Electrictric Cooperative phone number is (800) 372-7612.

What cities does Owen Electrictric Cooperative offer service in?

Owen Electrictric Cooperative provides electricity to 21 cities in the nation including Kentucky.

How many counties does Owen Electrictric Cooperative supply electricity to?

There are 9 counties that receive at least some electricity coverage by Owen Electrictric Cooperative including Kentucky.

What is the average bundled electricity rate for Owen Electrictric Cooperative customers?

The average bundled rate of electricity for consumers of Owen Electrictric Cooperative is 12.52 cents per kilowatt hour (¢/kWh).

Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-06-13