Redwood Electric Coop
Electricity Rates, Plans & Statistics
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About Redwood Electric Coop
Redwood Electric Coop is a cooperative. This means the company is owned by the customers it serves. On average, Redwood Electric Coop's patrons pay a residential electricity rate of 13.77 cents per kilowatt hour. Thankfully for their consumers, this rate is less than both the state and the nationwide average prices of 15.54 and 15.76 cents per kilowatt hour, respectively. They had total sales and disposition of 141,375 megawatt hours in 2019, of which 95.35% were from sales to end users. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 141,375 acquired by the company. Their total revenue in 2019 from electricity related activities was $14,827,400, with $14,757,400 coming from retail sales to end users.
The nationwide average monthly residential electric bill is $135.34, while the Redwood Electric Coop average is 25.79% higher at $170.25 per month. Redwood Electric Coop is the 2623rd ranked provider in the nation for average monthly bill total. The provider does not have ownership in any electricity generation facilities and all of the power that they sell to their customers must be purchased from other companies.
Net metering is available to consumers of Redwood Electric Coop. This makes it cheaper for residents in the area to install solar and other electricity options as they have the ability to sell excess wattage into the grid.
Redwood Electric Coop Rate & Electric Bills
Redwood Electric Coop residential electric rates are highest in June and the highest average bill is in July.
Historical Electricity Rates:
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Redwood Electric Coop Overview
- Company Type:Cooperative
- Headquarters:60 Pine Street
Clements, Minnesota 56224
United States of America - CEO:Ron Horman
Redwood Electric Coop Contact
- Website:www.redwoodelectric.com
- Customer Service Phone:(888) 251-5100
- Contact Page:www.redwoodelectric.com
- Social Media:
Redwood Electric Coop Service
- Outage Map:proxy2.star-mapping.com
- Outage Phone:(888) 251-5100
- States Served:
- Minnesota
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Redwood Electric Coop State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Minnesota | 4,117 | 14,484,769.63 | 61 | 100% |
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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 $170.25, compared to the Minnesota average of $106.75 and the national of $106.75 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 13.77 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.
