Panhandle Rural Electric Membership Association

About Panhandle Rural Electric Membership Association

Panhandle Rural Electric Membership Association is an electricity cooperative. The largest county serviced by Panhandle Rural Electric Membership Association is Box Butte County, but the company also operates in in 10 counties in the state. On recent government reports, the provider listed a total of 3,791 electricity customers. This total is made up of 44.45% residential customer accounts, 33.05% commercial customer accounts and 22.50% industrial accounts. Panhandle Rural Electric Membership Association bills their consumers a residential electricity rate of 12.14 cents per kilowatt hour on average, which is 11.19% above the average state rate of 10.92 cents. About 71,327 megawatt hours were sold by the provider to retail end users in 2019. The electricity sourced by the provider primarily came from megawatt hours that they procured by way of the wholesale electricity market. They purchased 78,522 wholesale megawatt hours. Panhandle Rural Electric Membership Association earned $12,131,900 in 2019 from sales to retail customers alone.

Customers of the provider have an average monthly residential electric bill of $284.27. This is 131.46% above the Nebraska average bill of $112.21. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates and then resell to their consumers.