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 75,441 total customers, 11.52% of which are industrial properties, 15.09% are commercial customers and 73.39% are residential properties. On average, South Plains Electric Cooperative's residential electricity rate is 12.08 cents per kilowatt hour, which is 21.70% lower than the state's average price of 15.43 cents and 25.21% below the nationwide average of 16.15 cents. The company sold 28 megawatt hours in 2023 from wholesale sales. Of the megawatt hours they sourced, 1,803,979 megawatt hours were procured on the wholesale electricity market. The revenue for South Plains Electric Cooperative for 2023 from electricity sales was $172,213,700, with $176,845,400 coming from retail sales to end users and $1,900 from sales to the wholesale electricity market.
Consumers of the supplier pay an average monthly residential power bill of $129.71. This is 30.25% lower than the Texas average bill of $172.77. 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 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.
South Plains Electric Cooperative recently reported an annual loss of around 6.39% 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 95th best out of the 170 providers that operate in Texas and report energy loss and 1261st best out of 3530 in the United.
South Plains Electric Cooperative Rate & Electric Bills
South Plains Electric Cooperative residential electric rates are highest in November and the highest average bill is in July.
Historical Electricity Rates:
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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
- Website:www.spec.coop
- Customer Service Phone:(806) 775-7732
- Contact Page:www.spec.coop
- Social Media:
South Plains Electric Cooperative Service
- Rates & Plans:www.spec.coop
- Outage Map:www.spec.coop
- Outage Phone:(888) 741-0111
- States Served:
- Texas
- Counties Served:
- Lubbock County
- Hale County
- Hockley County
- Childress County
- Garza County
- Major Cities Served:See all cities
Energy Loss
South Plains Electric Cooperative's energy loss due to business operations.
Total Energy Loss
115,293MWh
1261 National Rank
Power Outages
Currently, 0 customers are being tracked in South Plains Electric Cooperative.
Customers Out:
0
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South Plains Electric Cooperative Coverage Map
South Plains Electric Cooperative State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Texas | 75,510 | 184,892,786.23 | 53 | 100% |
South Plains Electric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Childress County | 6,784 | 4 | 12.95 | $121.36/mo |
| Cottle County | 1,560 | 50 | 14.96 | $161.69/mo |
| Crosby County | 5,265 | 4 | 13.41 | $114.36/mo |
| Dickens County | 1,569 | 50 | 14.87 | $160.23/mo |
| Foard County | 1,087 | 51 | 15.10 | $165.61/mo |
| Garza County | 5,734 | 4 | 12.99 | $121.19/mo |
| Hale County | 32,879 | 5 | 13.58 | $109.02/mo |
| Hall County | 2,875 | 51 | 15.25 | $135.60/mo |
| Hardeman County | 3,567 | 50 | 15.27 | $165.98/mo |
| Hockley County | 21,670 | 4 | 11.58 | $122.42/mo |
Cities South Plains Electric Cooperative Has Coverage
- Abernathy, TX
- Aspermont, TX
- Buffalo Springs, TX
- Childress, TX
- Dickens, TX
- Hale Center, TX
- Idalou, TX
- Jayton, TX
- Lubbock, TX
- New Deal, TX
- Paducah, TX
- Ransom Canyon, TX
- Roaring Springs, TX
- Shallowater, TX
- Slaton, TX
- Smyer, TX
- Spur, 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 $129.71.
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 12.08 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 15.43 cents and the average US rate of 16.15 cents.
Who is the CEO of South Plains Electric Cooperative?
The current CEO of South Plains Electric Cooperative is Dale Ancell.
