Southwestern Electric Cooperative (New Mexico)

About Southwestern Electric Cooperative (New Mexico)

With headquarters in Clayton, New Mexico, Southwestern Electric Cooperative (New Mexico) supplies electricity to 4 states throughout the nation. There are a total of 2,136 customer accounts who are receiving service from the company. These customer accounts are made up of 1,282 residential customer accounts, 322 commercial customers and 532 industrial accounts. The average residential electricity rate for consumers of Southwestern Electric Cooperative (New Mexico) is about 26.70 cents per kilowatt hour , which is above the United States average rate of 16.15 cents per kilowatt hour. In 2023 the company had retail sales of 296,788 megawatt hours. Wholesale power purchases made up 100.00% of the total electricity sourced . Exactly 303,387 megawatt hours were purchased by way of wholesale channels. They made $25,474,900 in total revenue in 2023 through retail electricity sales alone.

The average monthly residential electricity bill for a consumer of Southwestern Electric Cooperative (New Mexico) is $186.17 per month, while the national average is $142.37. Consumers of the provider pay 30.77% more compared to the rest of the United States. The company does not have ownership in any electricity plants and all of the electricity that they sell to their consumers must be purchased from other providers.