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 13.63 cents per kilowatt hour. This is 5.56% above the state's average rate of 12.91 cents, resulting in the supplier ranking 30th out of 62 companies in Kentucky for lowest average electricity price. A total of 2,778,902 megawatt hours were sold via retail sales in 2023 by the provider. During the same timeframe, Owen Electrictric Cooperative purchased 2,821,760 megawatt hours via the wholesale electricity market. Their total revenue for 2023 from electricity activities was $233,854,000, with 98.79% coming from retail sales to end users.
The nationwide average monthly residential electricity bill is $143.38, while the Owen Electrictric Cooperative average is 19.90% higher at $171.92 per month. Owen Electrictric Cooperative ranks 2351st in the US for average monthly bill total. The power grid managed by the supplier has 1.38 outages per consumer each year, with outages lasting roughly 97.99 minutes. The US average for other companies is 1.44 outages per consumer and 123.49 minutes an outage. The supplier does not have ownership in any electricity production plants and all of the megawatt hours that they sell to their consumers must be purchased from other suppliers.
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.
Owen Electrictric Cooperative reported an annual loss of about 1.46% 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 5th best out of 58 providers reporting energy loss in the state.
Owen Electrictric Cooperative Rate & Electric Bills
Owen Electrictric Cooperative residential electric rates are highest in May and the highest average bill is in July.
Historical Electricity Rates:
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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
- Website:www.owenelectric.com
- Customer Service Phone:(800) 372-7612
- Contact Page:www.owenelectric.com
- Social Media:
Owen Electrictric Cooperative Service
- Rates & Plans:www.owenelectric.com
- Outage Map:outage.owenelectric.com
- Outage Phone:(800) 372-7612
- States Served:
- Kentucky
- Counties Served:
- Kenton County
- Boone County
- Campbell County
- Scott County
- Grant County
- Major Cities Served:
- Covington
- Georgetown
- Florence
- Independence
- Erlanger
- Burlington CDP
- Alexandria
- Francisville CDP
- Oakbrook CDP
- Elsmere
Energy Loss
Owen Electrictric Cooperative's energy loss due to business operations.
Total Energy Loss
41,071MWh
170 National Rank
Grid Reliability
Length & Frequency of Owen Electrictric Cooperative's Power Outages
97.99 min.
vs. national average of 123.49 min.
1.38 outages/yr
vs. national average of 1.44
Power Outages
Currently, 0 customers are being tracked in Owen Electrictric Cooperative.
Customers Out:
0
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Owen Electrictric Cooperative Coverage Map
Owen Electrictric Cooperative State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Kentucky | 61,149 | 259,012,977.36 | 9 | 100% |
Owen Electrictric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Boone County | 139,093 | 2 | 13.49 | $150.11/mo |
| Campbell County | 93,300 | 3 | 13.34 | $142.13/mo |
| Carroll County | 10,808 | 3 | 13.17 | $162.39/mo |
| Gallatin County | 8,694 | 2 | 13.40 | $162.00/mo |
| Grant County | 24,918 | 4 | 13.58 | $162.52/mo |
| Kenton County | 170,313 | 2 | 13.41 | $138.96/mo |
| Owen County | 11,160 | 2 | 13.29 | $160.06/mo |
| Pendleton County | 14,625 | 5 | 13.31 | $165.16/mo |
| Scott County | 56,267 | 3 | 12.53 | $149.67/mo |
Cities Owen Electrictric Cooperative Has Coverage
- Alexandria, KY
- Butler, KY
- Corinth, KY
- Covington, KY
- Crittenden, KY
- Dry Ridge, KY
- Elsmere, KY
- Erlanger, KY
- Florence, KY
- Georgetown, KY
- Glencoe, KY
- Gratz, KY
- Independence, KY
- Monterey, KY
- Owenton, KY
- Sadieville, KY
- Sparta, KY
- Union, KY
- Walton, KY
- Warsaw, KY
- Williamstown, KY
* 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 $171.92.
What is the phone number for Owen Electrictric Cooperative?
You can reach Owen Electrictric Cooperative by phone via (800) 372-7612.
How many counties does Owen Electrictric Cooperative provider electricity in?
There are 9 counties that receive at least some electricity coverage by Owen Electrictric Cooperative including Kentucky.
When will Owen Electrictric Cooperative power be restored?
Average outage times for Owen Electrictric Cooperative are around 97.99 minutes per outage.
What is the average bundled electricity rate for Owen Electrictric Cooperative customers?
Customers of Owen Electrictric Cooperative, on average, have an electricity bundled rate 13.63 cents per kilowatt hour (¢/kWh).
What cities does Owen Electrictric Cooperative supply electricity in?
Owen Electrictric Cooperative supplies in 21 cities throughout the nation including Kentucky.
