Rural Electric Cooperative

About Rural Electric Cooperative

Rural Electric Cooperative provides electricity to 4 counties in Oklahoma including counties like Grady County, Stephens County, McClain County, and Garvin County. The company is an electricity cooperative. Recently filed reports by the company showed a customer base of 13,176 customer accounts. Exactly 11 of these are industrial accounts, 3,740 are commercial customer accounts and 9,425 are residential customers. Rural Electric Cooperative's average residential electricity price per kilowatt hour is 11.56 cents per kilowatt hour. Fortunately for their consumers, this rate is lower than both the Oklahoma and the United States average rates of 12.42 and 16.22 cents per kilowatt hour, respectively. A total of 589,021 megawatt hours were sold via retail sales in 2023 by the supplier. The electricity sourced consisted of megawatt hours purchased by way of the wholesale electricity market. They purchased 609,118 wholesale megawatt hours. Their total revenue in 2023 was $53,842,100 and was earned through sales to retail electricity customers alone.

The average residential power bill for a customer of Rural Electric Cooperative is $142.64, while the nationwide average is $143.38. The supplier currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it to end users. The power grid managed by the provider experiences 2.03 outages per consumer a year, with outages lasting an average of 203.7 minutes. The national average for other companies is 1.44 outages per customer and 123.49 minutes each outage.