Spoon River Electric: Rates and Coverage Area

Spoon River Electric

Electricity Rates, Plans & Statistics

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About Spoon River Electric

Spoon River Electric serves 3 counties in the state of Illinois including Peoria County, Knox County, and Fulton County. Recently, the company reported a customer base of 4,834 customers. Exactly 276 are commercial properties, 4,557 are residential accounts and one is an industrial account. The average residential electricity rate for consumers of Spoon River Electric is approximately 20.24 cents per kilowatt hour, which ranks the company 78th out of 78 suppliers in the state and 2792nd out of 2892 in the nation for average electricity rate. The company sold 66,777 megawatt hours in 2019 by way of retail sales. The electricity sourced consisted of megawatt hours that they procured by way of wholesale channels. They purchased 71,493 wholesale megawatt hours. Their total revenue for 2019 from electricity activities was $10,583,000, with 100.00% coming from retail sales to end users.

The state average monthly residential electricity bill is $92.97, while the Spoon River Electric average is 32.59% higher at $137.09 per month. Spoon River Electric is the 53rd ranked supplier in the state for average monthly bill amount. Electricity generation is not part of the Spoon River Electric business plan, as they purchase electricity at wholesale rates from other companies and then resell to their customers.

Spoon River Electric Net Metering

Offering net metering to consumers is a win-win situation for Spoon River Electric and residents who get their electricity from the company. Without net metering, solar panel installation is significantly less attractive economically, as individuals have no way to sell extra energy back into the grid.

Spoon River Electric Rate & Electric Bills

Spoon River Electric residential electric rates are highest in May and the highest average bill is in July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.232/kWh$0.165/kWh$215.22/mo.$106.86/mo.
2792nd20.24¢Spoon River Electric's Average residential price per kWh
1939th$137.09Average monthly electricity bill for Spoon River Electric's residential customers

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Spoon River Electric Overview

  • Company Type:Cooperative
  • Headquarters:930 South 5th Avenue
    Canton, Illinois 61520
    United States of America
  • CEO:William R. Dodds

Spoon River Electric Contact

Spoon River Electric Service

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Spoon River Electric Coverage Map

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Spoon River Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State

Spoon River Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Fulton County34,0224118.88$128.77/mo
Knox County50,1934118.75$128.45/mo
Peoria County178,3834018.84$128.22/mo

Cities Spoon River Electric Has Coverage

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

Spoon River Electric Reviews

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Spoon River Electric FAQ:

What is the average bundled bill for Spoon River Electric customers each month?

The average monthly bundled electric bill for customers of Spoon River Electric is $137.09. The Illinois average bundled bill is $92.97 and the United States average is $92.97.

Who is the CEO of Spoon River Electric?

The current CEO of Spoon River Electric is William R. Dodds.

What is the average bundled electricity rate for Spoon River Electric customers?

Spoon River Electric's current average bundled electricity rate is 20.24 cents per kilowatt hour (¢/kWh), compared to the average Illinois bundled rate of 14.53 cents and the average US rate of 15.73 cents.

How many counties does Spoon River Electric offer service in?

There are 3 counties that receive at least some electricity coverage by Spoon River Electric including Illinois.

What is the phone number for Spoon River Electric?

Spoon River Electric's customer service phone number is (309) 647-2700

What cities does Spoon River Electric sell electricity in?

Spoon River Electric supplies in 28 cities.

Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-03-29