Socorro Electric Cooperative

Socorro Electric Cooperative operates in 6 counties and is classified as an electric cooperative. The provider last disclosed a total of 12,994 customers, 80.04% of which are residential properties, 19.56% are commercial customers and 0.40% are industrial accounts. Socorro Electric Cooperative's consumers spend, on average, 15.56 cents per kilowatt hour for their electricity, which is 16.14% above the average New Mexico price of 13.40 cents. Approximately 179,446 megawatt hours were sold by the company to retail end users in 2019. Wholesale power purchases made up 100.00% of all electricity sourced by the company . Exactly 193,287 megawatt hours were purchased by way of the wholesale market. Their total revenue in 2019 from electricity related activities was $25,116,000, with 99.31% coming from retail sales to end users.

About Socorro Electric Cooperative

The average monthly residential electric bill for a customer of Socorro Electric Cooperative is $84.25, while the state average is $90.54. Electricity production is not handled in house at the company, as they purchase power at wholesale rates to then be resold to their end users.

Socorro Electric Cooperative Net Metering

Thankfully, Socorro Electric Cooperative allows consumers to take part in net metering. Net metering makes solar panel installation more economically feasible as it gives the ability for people to sell electricity into the grid.

Socorro Electric Cooperative Rate & Electric Bills

Socorro Electric Cooperative residential electric rates are highest in January and the highest average bill is in February.

Historical Electric Rates:

Price Per kWHAverage Bill$0.162/kWh$0.156/kWh$86.74/mo.$81.77/mo.
2793rd15.56¢Socorro Electric Cooperative's Average residential price per kWh
671st$84.25Average monthly electric bill for Socorro Electric Cooperative's residential customers

Socorro Electric Cooperative Overview

  • Company Type:Cooperative
  • Headquarters:215 Manzanares East Avenue
    Socorro, New Mexico 87801
    United States of America
  • CEO:Joseph Herrera

Socorro Electric Cooperative Contact

Socorro Electric Cooperative Service

Socorro Electric Cooperative Coverage Map

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Socorro Electric Cooperative State Coverage

StateArrow UpArrow pointing upwards.CustomersArrow UpArrow pointing upwards.Sales ($)Arrow UpArrow pointing upwards.State Rank Based On RevenueArrow UpArrow pointing upwards.% of Provider's Residential Sales in StateArrow UpArrow pointing upwards.
New Mexico12,99424,607,00021100%

Socorro Electric Cooperative County Coverage

CountyArrow UpArrow pointing upwards.PopulationArrow UpArrow pointing upwards.ProvidersArrow UpArrow pointing upwards.Avg. County Rate (¢)Arrow UpArrow pointing upwards.Avg. Electric BillArrow UpArrow pointing upwards.
Catron County3,527414.56$73.60/mo
Cibola County26,675213.84$80.24/mo
Lincoln County19,572418.44$108.35/mo
Socorro County16,637416.04$87.92/mo
Torrance County15,461217.15$104.18/mo
Valencia County76,688414.63$83.29/mo

Cities Socorro Electric Cooperative Has Coverage

  • Magdalena, NM
  • Rio Communities, NM
  • Socorro, NM

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

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Socorro Electric Cooperative FAQ:

Who is the CEO of Socorro Electric Cooperative?

The current CEO of Socorro Electric Cooperative is Joseph Herrera.

What is the phone number for Socorro Electric Cooperative?

Socorro Electric Cooperative's customer service phone number is 575-835-0560

How much is the average bill for Socorro Electric Cooperative customers each month?

Consumers of Socorro Electric Cooperative pay, on average, a monthly bill of $84.25.

How many counties does Socorro Electric Cooperative provider electricity in?

There are 6 counties that receive at least some electricity coverage by Socorro Electric Cooperative including, New Mexico.

What is the average electricity rate for Socorro Electric Cooperative customers?

Socorro Electric Cooperatives current average electricity rate is 15.56 cents per kilowatt hour (¢/kWh), compared to the average state rate of 13.40 cents and the average US rate of 13.45 cents.

What cities does Socorro Electric Cooperative offer service in?

Socorro Electric Cooperative serves 3 cities throughout the US.

Last Reviewed By: Ginalyn Gelera
Published: 2021-03-16Last Updated: 2021-08-25