Pickwick Electric Cooperative

About Pickwick Electric Cooperative

Pickwick Electric Cooperative is an electric cooperative located in Selmer, Tennessee and providing electricity to customers in 3 counties in Tennessee such as the counties of Hardin County, McNairy County, and Chester County. There are 15,565 residential customers, 4,584 commercial accounts and 2 industrial customer accounts who are receiving electricity from the company. Pickwick Electric Cooperative bills their patrons a residential electricity rate of 13.46 cents per kilowatt hour on average. This is 16.32% below the US average price of 16.08 cents, which ranks the provider 1231st lowest for average electricity price out of 2885 companies in the country. Roughly 365,411 megawatt hours were sold by the provider to retail accounts in 2023. The electricity sourced by Pickwick Electric Cooperative is made up of primarily wholesale purchased megawatt hours, with 381,281 megawatt hours procured by the company. In 2023, they made a total of $48,960,700 from business activities relating to the sale and transfer of electricity. They had revenue of $47,310,000 from retail sales to end users.

The Tennessee average monthly residential electricity bill is $149.47, while the Pickwick Electric Cooperative average is 21.09% higher at $179.01 per month. Pickwick Electric Cooperative ranks 83rd in the state for average monthly bill total. Electricity production is not part of the Pickwick Electric Cooperative business plan, as they purchase electricity at wholesale rates to then be resold to their end users.