People's Electric Cooperative

About People's Electric Cooperative

People's Electric Cooperative is an electric cooperative with headquarters in Ada, Oklahoma and providing power to customers in 36 cities in Oklahoma such as the cities of Ada, Purcell, Pauls Valley, Sulphur, and Tishomingo. There are a total of 22,032 customer accounts who are receiving service from the supplier. These customer accounts are made up of 63.90% residential accounts, 35.97% commercial properties and 0.13% industrial customers. People's Electric Cooperative's patrons are billed an average residential electricity rate of 12.08 cents per kilowatt hour, which is 3.92% above the average Oklahoma rate of 11.62 cents. The company sold 267,767 megawatt hours in 2020 from wholesale channels. Of the megawatt hours they sourced, 218,982 of them were produced by power plants owned by the supplier and 784,697 megawatt hours were procured via the wholesale electricity market. The total revenue for the company for 2020 from electricity sales was $77,910,300, with $65,303,300 coming from retail sales to end users and $11,601,000 from wholesale electricity sales.

The average residential electricity bill for a customer of People's Electric Cooperative is $166.35 per month. Consumers of the provider pay 41.05% more compared to other citizens of the US. The supplier 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 customers. Customers of the supplier are faced with 1.65 electrical outages per year with outages lasting an average of 215.34 minutes.