Sierra Electric Cooperative

About Sierra Electric Cooperative

Sierra Electric Cooperative is an electricity cooperative with headquarters in Elephant Butte, New Mexico and supplying electricity to customers in Sierra County, New Mexico including in cities such as Truth or Consequences, Elephant Butte, Williamsburg, Las Palomas CDP, and Hillsboro CDP. The company has 4,127 electricity customers. There are 621 commercial customer accounts and 3,506 residential customers. Sierra Electric Cooperative's average residential electricity rate per kilowatt hour is 18.44 cents per kilowatt hour, which is 17.02% above the average US rate of 15.76 cents. There were a total of 40,583 megawatt hours sold to retail customers in 2019 by the supplier and 25,461 megawatt hours sold to wholesale customers. Power generation facilities owned by Sierra Electric Cooperative produced 0.13% of the megawatt hours sourced by the company and an additional 99.87% was acquired on wholesale channels. In 2019, the supplier earned 77.60% of their revenue from retail electricity sales to end users and 21.82%from wholesale customers. Their revenue from all electricity activities was $9,321,000.

The national average monthly residential power bill is $135.34, while the Sierra Electric Cooperative average is 21.00% less at $106.93 per month. Electricity production is not part of the Sierra Electric Cooperative business plan, as they purchase electricity at wholesale rates to then be resold to their customers.