Rich Mountain Electric Cooperative

About Rich Mountain Electric Cooperative

With headquarters in Mena, Arkansas, Rich Mountain Electric Cooperative supplies electricity to 2 states throughout the country. There are 9,206 customer accounts receiving electricity from the supplier. These accounts are made up of 8,703 residential customers, 502 commercial customers and one industrial customer. The average residential electricity price for consumers of Rich Mountain Electric Cooperative is about 11.47 cents per kilowatt hour. This is 22.70% below the US average rate of 14.84 cents, resulting in the supplier ranking 1017th lowest for average electricity rate out of 2906 suppliers in the country. In 2019 Rich Mountain Electric Cooperative had retail sales of 170,229 megawatt hours. The electricity sourced consisted of megawatt hours procured on the wholesale market. They purchased 181,098 megawatt hours on the wholesale market. In 2019, the supplier had revenue of $16,307,000 from retail electricity sales to end users.

Patrons of the company pay an average monthly residential electricity bill of $138.46. This is 5.03% above the nationwide average bill of $131.84. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates and then resell to their end users.