Runestone Electric Association

Electricity Rates, Plans & Statistics

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Runestone Electric Association Rate & Electric Bills

Runestone Electric Association residential electric rates are highest in January and the highest average bill is in June.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.125/kWh$0.118/kWh$150.92/mo.$144.47/mo.
1678th12.48¢Runestone Electric Association's Average residential price per kWh
2594th$150.4Average monthly electricity bill for Runestone Electric Association's residential customers

About Runestone Electric Association

Runestone Electric Association is an electricity cooperative providing electricity in Minnesota, including cities such as Alexandria, Glenwood, Osakis, Evansville, and Garfield. There are a total of 14,748 customer accounts who are receiving service from the supplier. These customers are made up of 92.95% residential properties, 5.30% commercial properties and 1.75% industrial properties. Customers of Runestone Electric Association spend, on average, 12.48 cents per kilowatt hour for their electricity, which is 8.96% lower than the average state price of 13.71 cents. In 2020 the company had retail sales of 235,434 megawatt hours. The electricity they sourced consisted of megawatt hours generated by the company in power plants they own and megawatt hours acquired on the wholesale market. They generated 48 megawatt hours and purchased 250,579 wholesale megawatt hours. In 2020, the provider made a total of $29,063,000 from business activities relating to the sale and transfer of electricity. They had revenue of $28,856,000 from retail sales to end users.

The average monthly residential power bill for a consumer of Runestone Electric Association is $150.4 per month. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end users.

Runestone Electric Association Net Metering

Customers of Runestone Electric Association are able to take advantage of net metering solutions, which is a positive for both parties. Net metering makes solar panel purchases more economically feasible as it gives the ability for citizens to sell electricity back to the grid.

Energy Loss

Loss of energy due to heat dissipation during electricity transmission and other causes is part of being in the electricity generation business. Providers must report these losses to government agencies who track electricity grid efficiencies. Runestone Electric Association recently reported an annual loss of roughly 5.76% of the electricity that they generate. The state average for energy loss is 2.22% and the US average is 2.76%. This gives Runestone Electric Association a ranking of 41st best out of 166 electricity companies in Minnesota and 1092nd best out of 3510 suppliers in the country.

Runestone Electric Association Overview

  • Company Type:Cooperative
  • Headquarters:6839 Power Lane SouthWest
    Alexandria, Minnesota 56308
    United States of America
  • CEO:Al Haman

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Energy Loss

Runestone Electric Association's energy loss due to business operations.

-5.76%

Total Energy Loss

14,444MWh

1092 National Rank

Runestone Electric Association Coverage Map

Coverage Map Placeholder

Runestone Electric Association State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Minnesota14,74828,856,00033100%

Runestone Electric Association County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Douglas County39,006412.31$142.94/mo
Grant County6,074512.16$153.79/mo
Pope County11,308412.55$160.24/mo
Stevens County9,671412.25$182.18/mo
Todd County25,262511.90$134.28/mo

Cities Runestone Electric Association Has Coverage

  • Alexandria, MN
  • Cyrus, MN
  • Evansville, MN
  • Garfield, MN
  • Glenwood, MN
  • Nelson, MN
  • Osakis, MN

* City coverage generated based on government data. Always verify you can get service from the provider.

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Runestone Electric Association FAQ:

Who is the CEO of Runestone Electric Association?

Al Haman is the CEO of Runestone Electric Association.

How many counties does Runestone Electric Association provider electricity in?

Runestone Electric Association sells electricity in 5 counties.

What is the average bundled electricity rate for Runestone Electric Association customers?

Customers of Runestone Electric Association, on average, have an electricity bundled rate 12.48 cents per kilowatt hour (¢/kWh).

What is the average bundled bill for Runestone Electric Association customers each month?

The average monthly bundled electric bill for customers of Runestone Electric Association is $150.40. The state average bundled bill is $100.40 and the nationwide average is $100.40.

What cities does Runestone Electric Association have customers in in?

Runestone Electric Association has customers in 7 cities throughout the US.

What is the phone number for Runestone Electric Association?

Runestone Electric Association's customer service phone number is (800) 473-1722

Last Reviewed By: Matt Hope
Published: 2022-08-01