SEMO Electric Cooperative

About SEMO Electric Cooperative

SEMO Electric Cooperative is headquartered in Sikeston, Missouri and supplies electricity in 2 states throughout the United States. The company recently reported a total of 16,258 total customers. Roughly 0.10% of them are industrial accounts, 33.99% of them are commercial customers and 65.91% are residential accounts. On average, SEMO Electric Cooperative's residential electricity price is 11.17 cents per kilowatt hour, which is 10.68% less than Missouri's average price of 12.51 cents. This makes the supplier 36th out of 127 suppliers in the state for lowest average electricity rate. A total of 363,699 megawatt hours were sold to retail accounts in 2022 by the provider. The electricity sourced was made up of megawatt hours purchased via the wholesale electricity market. They purchased 393,889 wholesale megawatt hours. Their revenue in 2022 from electricity activities was $45,682,600, with 89.50% coming from retail sales to end users.

The state average monthly residential electricity bill is $126.23, while the SEMO Electric Cooperative average is 22.62% higher at $156.25 per month. SEMO Electric Cooperative is the 104th ranked supplier in the state for average monthly bill amount. The provider's consumers are faced with an average of 1.76 power outages per consumer each year. These outages go on for an average of 254.27 minutes, while the nationwide average is 1.27 outages per customer and 137.24 minutes per outage. The supplier 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 consumers.