Red River Valley REA

About Red River Valley REA

Red River Valley REA operates in 19 cities and is considered an electricity cooperative. At the moment the company provides electricity to residential, commercial and industrial customer accounts, with a total of 15,458 residential customer accounts, 1,916 commercial customer accounts and 4 industrial accounts recently reported to be signed on for their services. Consumers of Red River Valley REA purchase electricity for, on average, 11.92 cents per kilowatt hour, which is 1.86% below the average state price of 12.15 cents. Of the 498,489 megawatt hours Red River Valley REA sold and dispossessed, 476,388 were from sales to end users. The electricity sourced by the company primarily came from megawatt hours that they acquired via wholesale channels. They purchased 498,489 megawatt hours on the wholesale market. In 2022, they made a total of $51,359,000 from business activities relating to the sale and transfer of electricity. They had revenue of $51,025,000 from retail sales to end users.

Consumers of the supplier pay an average monthly residential power bill of $141.98. This is 11.58% above the state average of $126.61. The provider currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other suppliers and then resell it at a higher rate to end customers.