Redwood Electric Coop
Electricity Rates, Plans & Statistics
High Power Bills?
Reduce or replace your electricity bill with solar
About Redwood Electric Coop
Redwood Electric Coop is a cooperative. This means the company is owned by the customers it serves. There are a total of 4,611 customers who are receiving service from the company. These accounts are made up of 83.19% residential customers, 16.42% commercial accounts and 0.39% industrial properties. Redwood Electric Coop has an average residential electricity rate of 13.62 cents per kilowatt hour, resulting in the provider ranking 89th out of 174 companies in Minnesota and 1412th out of 2885 in the nation. The company sold 134,802 megawatt hours in 2019 by way of traditional retail accounts. The electricity sourced by Redwood Electric Coop is made up of primarily wholesale purchased megawatt hours, with 141,375 megawatt hours acquired by the company. The total revenue for Redwood Electric Coop in 2019 from electricity sales was $14,827,400, with $14,757,400 coming from retail sales to end users.
The nationwide average monthly residential electric bill is $139.34, while the Redwood Electric Coop average is 25.96% higher at $175.51 per month. Redwood Electric Coop is the 2524th ranked provider in the nation for average monthly bill total. The provider does not have ownership in any electricity generation facilities and all of the power that they sell to their customers must be purchased from other companies.
Net metering is available to consumers of Redwood Electric Coop. This makes it cheaper for residents in the area to install solar and other electricity options as they have the ability to sell excess wattage into the grid.
Redwood Electric Coop Rate & Electric Bills
Redwood Electric Coop residential electric rates are highest in June and the highest average bill is in January.
Historical Electricity Rates:
Go Solar for less than your cell phone bill.
Redwood Electric Coop Overview
- Company Type:Cooperative
- Headquarters:60 Pine Street
Clements, Minnesota 56224
United States of America - CEO:Ron Horman
Redwood Electric Coop Contact
- Website:www.redwoodelectric.com
- Customer Service Phone:(888) 251-5100
- Contact Page:www.redwoodelectric.com
- Social Media:
Redwood Electric Coop Service
- Outage Map:proxy2.star-mapping.com
- Outage Phone:(888) 251-5100
- States Served:
- Minnesota
Go Solar for less than your cell phone bill.
Redwood Electric Coop State Coverage
State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
---|---|---|---|---|
Minnesota | 4,617 | 16,370,479.85 | 60 | 100% |
Redwood Electric Coop Reviews
Write a Review of Redwood Electric Coop
Redwood Electric Coop FAQ:
What is the average bundled bill for Redwood Electric Coop customers each month?
Redwood Electric Coop currently has an average monthly bundled electric bill of $175.51, compared to the Minnesota average of $106.37 and the national of $106.37 for bundled service.
What is the average bundled electricity rate for Redwood Electric Coop customers?
Consumers of Redwood Electric Coop, on average, have an electricity bundled rate 13.62 cents per kilowatt hour (¢/kWh).
What is the phone number for Redwood Electric Coop?
Redwood Electric Coop's customer service phone number is (888) 251-5100
Who is the CEO of Redwood Electric Coop?
Redwood Electric Coop's current CEO is Ron Horman.