Runestone Electric Association
Electricity Rates, Plans & Statistics
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Runestone Electric Association residential electric rates are highest in January and the highest average bill is in June.
Historical Electricity Rates:
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.
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.
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
Runestone Electric Association Contact
- Website:www.runestoneelectric.com
- Customer Service Phone:(800) 473-1722
- Contact Page:www.runestoneelectric.com
- Social Media:
Runestone Electric Association Service
- Rates & Plans:www.runestoneelectric.com
- Outage Map:www.star-mapping.com
- Outage Phone:(800) 473-1722
- States Served:
- Minnesota
- Counties Served:
- Douglas County
- Todd County
- Pope County
- Stevens County
- Grant County
- Major Cities Served:See all cities
- Table Of Contents:
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Runestone Electric Association's energy loss due to business operations.
Total Energy Loss
14,444MWh
1092 National Rank
Runestone Electric Association Coverage Map
Runestone Electric Association State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Minnesota | 14,748 | 28,856,000 | 33 | 100% |
Runestone Electric Association County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Douglas County | 39,006 | 4 | 12.31 | $142.94/mo |
| Grant County | 6,074 | 5 | 12.16 | $153.79/mo |
| Pope County | 11,308 | 4 | 12.55 | $160.24/mo |
| Stevens County | 9,671 | 4 | 12.25 | $182.18/mo |
| Todd County | 25,262 | 5 | 11.90 | $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
