South Plains Electric Cooperative

Electricity Rates, Plans & Statistics

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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 June.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.100/kWh$0.094/kWh$114.65/mo.$106.23/mo.
366th9.54¢South Plains Electric Cooperative's Average residential price per kWh
1622nd$114.3Average monthly electricity bill for South Plains Electric Cooperative's residential customers

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 55,730 total customers, 13.39% of which are industrial properties, 14.06% are commercial customers and 72.55% are residential properties. On average, South Plains Electric Cooperative's residential electricity rate is 9.54 cents per kilowatt hour, which is 22.69% lower than the state's average price of 12.35 cents and 30.18% below the nationwide average of 13.67 cents. The company sold 16 megawatt hours in 2020 from wholesale sales. Of the megawatt hours they sourced, 1,665,360 megawatt hours were procured on the wholesale electricity market. The revenue for South Plains Electric Cooperative for 2020 from electricity sales was $140,779,600, with $138,266,600 coming from retail sales to end users and $1,000 from sales to the wholesale electricity market.

Consumers of the supplier pay an average monthly residential power bill of $114.3. This is 20.09% lower than the Texas average bill of $138.61. 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 74 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 4.28% 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 45th best out of the 183 providers that operate in Texas and report energy loss and 724th best out of 3510 in the United.

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

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Energy Loss

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

-4.28%

Total Energy Loss

71,273MWh

724 National Rank

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
Texas55,730103,819,70068100%

South Plains Electric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Childress County6,6645410.50$125.77/mo
Cottle County1,3805310.48$125.57/mo
Crosby County5,133411.58$114.73/mo
Dickens County1,7705210.44$125.70/mo
Foard County1,0955510.52$126.21/mo
Garza County5,8165511.42$115.77/mo
Hale County32,522511.69$111.79/mo
Hall County2,8255310.48$126.07/mo
Hardeman County3,5495310.46$125.97/mo
Hockley County21,537411.19$112.76/mo

Cities South Plains Electric Cooperative Has Coverage

  • Abernathy, TX
  • Aspermont, TX
  • Buffalo Springs, TX
  • Childress, TX
  • Dickens, TX
  • Hale Center, TX
  • Jayton, TX
  • Lubbock, TX
  • New Deal, TX
  • Ransom Canyon, TX
  • Roaring Springs, TX
  • Shallowater, TX
  • Smyer, TX
  • Wolfforth, TX

* 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 $114.30.

What cities does South Plains Electric Cooperative supply electricity in?

South Plains Electric Cooperative supplies to 14 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 9.54 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 12.35 cents and the average US rate of 13.67 cents.

Who is the CEO of South Plains Electric Cooperative?

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

Last Reviewed By: Nick Reese
Published: 2022-08-01