Pella Cooperative Electric

About Pella Cooperative Electric

Pella Cooperative Electric is an electric cooperative. The largest city served by the provider is Pella, but the company also supplies electricity to 3 cities in Iowa. Electricity providers must regularly report the total number of customers signed on for their services to government agencies. In the most recent report the company reported 3,166 customers receiving their services. Around 90.15% of these are residential accounts, 9.63% are commercial accounts and 0.22% are industrial properties. Pella Cooperative Electric charges their consumers a residential electricity price of 13.80 cents per kilowatt hour on average, resulting in the company ranking 137th out of 183 companies in the state and 1859th out of 2893 in the country. Of the 61,361 megawatt hours the provider sold and dispossessed, 58,013 were from sales to end users. Of the megawatt hours they sourced, 61,361 megawatt hours were purchased on wholesale channels. The revenue for the company for 2019 from electricity sales was $7,089,700, with 99.81% coming from retail sales to end users.

The national average monthly residential electric bill is $132.69, while the Pella Cooperative Electric average is 27.66% higher at $169.4 per month. Pella Cooperative Electric is the 2628th ranked company in the nation for average monthly bill total. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users.