Runestone Electric Association: Rates and Coverage Area

Runestone Electric Association

Electricity Rates, Plans & Statistics

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About Runestone Electric Association

Runestone Electric Association is an electricity cooperative providing electricity in Minnesota, including cities such as Alexandria, Evansville, and Garfield. On average, Runestone Electric Association's patrons purchase residential electricity for 13.28 cents per kilowatt hour, resulting in the company ranking 91st out of 175 companies in the state and 1380th out of 2893 in the US. They had total sales and disposition of 266,582 megawatt hours in 2022, of which 250,715 megawatt hours were from retail sales. The electricity sourced by the provider primarily came from megawatt hours that they procured on the wholesale electricity market. They purchased 266,582 wholesale megawatt hours. The total revenue for the company for 2022 from electricity sales was $31,178,000, with 99.60% coming from retail sales to end users.

The average monthly residential power bill for a consumer of Runestone Electric Association is $158.36 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 5.62% of the electricity that they generate. The state average for energy loss is 3.21% and the US average is 2.87%. This gives Runestone Electric Association a ranking of 41st best out of 166 electricity companies in Minnesota and 1022nd best out of 3518 suppliers in the country.

Runestone Electric Association Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.140/kWh$0.110/kWh$194.94/mo.$122.09/mo.
1380th13.28¢Runestone Electric Association's Average residential price per kWh
2420th$158.36Average monthly electricity bill for Runestone Electric Association's residential customers

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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

Runestone Electric Association Service

Energy Loss

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

-5.62%

Total Energy Loss

14,976MWh

1022 National Rank

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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
Minnesota13,89728,795,943.2534100%

Runestone Electric Association County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Douglas County38,742412.92$148.37/mo
Grant County6,045512.58$160.03/mo
Pope County11,216413.37$165.19/mo
Stevens County9,669412.71$184.35/mo
Todd County25,121512.69$142.14/mo

Cities Runestone Electric Association Has Coverage

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

Runestone Electric Association Reviews

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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 13.28 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 $158.36. The state average bundled bill is $107.54 and the nationwide average is $107.54.

What cities does Runestone Electric Association have customers in in?

Runestone Electric Association has customers in 3 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

Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-03-29