South Plains Electric Cooperative: Rates and Coverage Area

South Plains Electric Cooperative

Electricity Rates, Plans & Statistics

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About South Plains Electric Cooperative

South Plains Electric Cooperative is headquartered in Lubbock, Texas and provides electricity in 16 counties throughout the state. The company recently disclosed a total of 70,082 total customers, 12.02% of which are industrial properties, 16.01% are commercial customers and 71.96% are residential properties. On average, South Plains Electric Cooperative's residential electricity rate is 14.10 cents per kilowatt hour, which is 2.11% lower than the state's average price of 14.40 cents and 10.11% below the nationwide average of 15.68 cents. The company sold 29 megawatt hours in 2022 from wholesale sales. Of the megawatt hours they sourced, 1,756,528 megawatt hours were procured on the wholesale electricity market. The revenue for South Plains Electric Cooperative for 2022 from electricity sales was $204,675,100, with $207,687,300 coming from retail sales to end users and $2,700 from sales to the wholesale electricity market.

Consumers of the supplier pay an average monthly residential electricity bill of $152.46. This is 12.29% above the US average of $135.78. The provider does not have ownership in any electricity plants and all of the electricity that they sell to their customers must be purchased from other companies.

South Plains Electric Cooperative Net Metering

South Plains Electric Cooperative is one of 76 providers in the state who offer net metering to their customers. This is a positive for any customer considering purchasing personal solar panels, as net metering allows them to sell their extra kilowatt hours into the grid.

Energy Loss

South Plains Electric Cooperative recently reported an annual loss of around 4.63% of the electricity that they generate. Loss of energy due to heat dissipation during electricity transmission and other causes is operating in the electricity production business and providers are required to report these losses to government agencies who track electricity grid efficiencies. South Plains Electric Cooperative's energy loss amounts leave them with a rank of 58th best out of the 175 providers that operate in Texas and report energy loss and 791st best out of 3518 in the United.

South Plains Electric Cooperative Rate & Electric Bills

South Plains Electric Cooperative residential electric rates are highest in January and the highest average bill is in August.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.145/kWh$0.092/kWh$236.69/mo.$73.75/mo.
1742nd14.10¢South Plains Electric Cooperative's Average residential price per kWh
2296th$152.46Average monthly electricity bill for South Plains Electric Cooperative's residential customers

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South Plains Electric Cooperative Overview

  • Company Type:Cooperative
  • Headquarters:P.O. Box 1830
    Lubbock, Texas 79408
    United States of America
  • CEO:Dale Ancell

South Plains Electric Cooperative Contact

South Plains Electric Cooperative Service

Energy Loss

South Plains Electric Cooperative's energy loss due to business operations.

-4.63%

Total Energy Loss

81,304MWh

791 National Rank

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South Plains Electric Cooperative Coverage Map

Coverage Map Placeholder

South Plains Electric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Texas70,082207,707,890.8653100%

South Plains Electric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Childress County6,7844413.62$152.50/mo
Cottle County1,5604213.61$153.32/mo
Crosby County5,265314.45$140.68/mo
Dickens County1,5694313.61$153.31/mo
Foard County1,0874413.62$154.09/mo
Garza County5,7344614.36$142.74/mo
Hale County32,879514.47$134.67/mo
Hall County2,8754413.56$152.68/mo
Hardeman County3,5674313.61$153.57/mo
Hockley County21,670413.94$140.38/mo

Cities South Plains Electric Cooperative Has Coverage

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

South Plains Electric Cooperative Reviews

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South Plains Electric Cooperative FAQ:

What is the average bundled bill for South Plains Electric Cooperative customers each month?

Customers of South Plains Electric Cooperative pay, on average, a monthly bundled bill of $152.46.

What cities does South Plains Electric Cooperative supply electricity in?

South Plains Electric Cooperative supplies to 18 cities.

How many counties does South Plains Electric Cooperative provider electricity in?

There are 16 counties that receive at least some electricity coverage by South Plains Electric Cooperative including Texas.

What is the phone number for South Plains Electric Cooperative?

You can reach South Plains Electric Cooperative by phone via (806) 775-7732.

What is the average bundled electricity rate for South Plains Electric Cooperative customers?

South Plains Electric Cooperative's current average bundled electricity rate is 14.10 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 14.40 cents and the average US rate of 15.68 cents.

Who is the CEO of South Plains Electric Cooperative?

The current CEO of South Plains Electric Cooperative is Dale Ancell.

Nick Reese
Last Reviewed By: Nick Reese
Published: 2024-01-18