P K M Electric Cooperative: Rates and Coverage Area

P K M Electric Cooperative

Electricity Rates, Plans & Statistics

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About P K M Electric Cooperative

The provider last reported a total of 3,695 customers, 93.45% of which are residential customers and 6.55% of which are commercial accounts. P K M Electric Cooperative's consumers are billed an average residential electricity rate of 14.08 cents per kilowatt hour. Thankfully, this is 9.41% below the state's average rate of 15.54 cents, ranking the company at 113th out of 175 companies in the state for lowest average electricity price. In 2019 they sold 112,024 megawatt hours by way of retail sales to end users. During the same timeframe, P K M Electric Cooperative procured 119,278 megawatt hours via wholesale electricity channels. Their total revenue in 2019 was $14,032,000 and came from sales to retail electricity customers alone.

Patrons of the provider have an average monthly residential electricity bill of $208.48. This is 74.86% higher than the Minnesota average bill of $107.12. Electricity production is not part of the P K M Electric Cooperative business plan, as they purchase power at wholesale rates to then be resold to their customers.

P K M Electric Cooperative Net Metering

Thankfully, P K M Electric Cooperative allows their consumers to take part in net metering programs. Net metering allows private individuals to sell wattage back to their provider, making the installation of solar panels and other alternative electricity sources a cheaper endeavor.

P K M Electric Cooperative Rate & Electric Bills

P K M Electric Cooperative residential electric rates are highest in September and the highest average bill is in July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.150/kWh$0.121/kWh$274.76/mo.$159.95/mo.
1712th14.08¢P K M Electric Cooperative's Average residential price per kWh
2871st$208.48Average monthly electricity bill for P K M Electric Cooperative's residential customers

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P K M Electric Cooperative Overview

  • Company Type:Cooperative
  • Headquarters:406 North Minnesota Street
    Warren, Minnesota 56762
    United States of America
  • CEO:Mike Schmidt

P K M Electric Cooperative Contact

P K M Electric Cooperative Service

  • States Served:
    • Minnesota
  • Counties Served:
    • Polk County
    • Marshall County
    • Kittson County
  • Major Cities Served:
    • Alvarado

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P K M Electric Cooperative Coverage Map

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P K M Electric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Minnesota3,69512,822,072.7366100%

P K M Electric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Kittson County4,213214.02$206.82/mo
Marshall County9,082714.08$196.13/mo
Polk County31,303913.47$193.52/mo

P K M Electric Cooperative Reviews

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P K M Electric Cooperative FAQ:

What is the average bundled electricity rate for P K M Electric Cooperative customers?

The average bundled price of electricity for consumers of P K M Electric Cooperative is 14.08 cents per kilowatt hour (¢/kWh).

What is the average bundled bill for P K M Electric Cooperative customers each month?

The average monthly bundled electric bill for customers of P K M Electric Cooperative is $208.48. The Minnesota average bundled bill is $107.12 and the nationwide average is $107.12.

Who is the CEO of P K M Electric Cooperative?

The current CEO of P K M Electric Cooperative is Mike Schmidt.

What is the phone number for P K M Electric Cooperative?

The P K M Electric Cooperative phone number is (218) 745-4711.

How many counties does P K M Electric Cooperative provider electricity in?

There are 3 counties that receive at least some electricity coverage by P K M Electric Cooperative.

King Manalo
Last Reviewed By: King Manalo
Published: 2022-08-09