Steele Waseca Cooperative Electric

Steele Waseca Cooperative Electric supplies electricity to 7 counties and is considered an electricity cooperative. The company recently reported a total of 11,595 customers, 0.37% of which are industrial customers, 10.62% are commercial customers and 89.01% are residential properties. Consumers of Steele Waseca Cooperative Electric are charged an average residential electricity price of 14.56 cents per kilowatt hour, which is 8.62% more than the average Minnesota rate of 13.40 cents. They sold 291,116 megawatt hours in 2020 through traditional retail accounts. Wholesale power purchases made up 100.00% of all electricity sourced by the company and 302,253 megawatt hours were procured on the wholesale electricity market. In 2020, they made a total of $36,742,400 from business activities relating to the sale and transfer of electricity. They had revenue of $36,017,500 from retail sales to end users.

About Steele Waseca Cooperative Electric

The average monthly residential electric bill for a customer of Steele Waseca Cooperative Electric is $145.03 per month. Patrons of the supplier pay 33.77% more compared to the rest of the state. The supplier does not have ownership in any power facilities and all of the power that they sell to their customers must be purchased from other suppliers.

Steele Waseca Cooperative Electric Net Metering

Net metering services are accessible to customers of Steele Waseca Cooperative Electric. Net metering allows citizens to sell megawatt hours back to the grid, making the purchase of solar panels and other alternative electricity sources a cheaper project.

Energy Loss

Steele Waseca Cooperative Electric currently suffers from the loss of around 3.68% of the electricity that they generate. This percentage of electricity lost results in them receiving a rank of 541st best out of 3510 providers who report energy loss in the United States.

Steele Waseca Cooperative Electric Rate & Electric Bills

Steele Waseca Cooperative Electric residential electric rates are highest in January and the highest average bill is in January.

Historical Electric Rates:

Price Per kWHAverage Bill$0.146/kWh$0.142/kWh$145.03/mo.$137.01/mo.
2616th14.56¢Steele Waseca Cooperative Electric's Average residential price per kWh
2705th$145.03Average monthly electric bill for Steele Waseca Cooperative Electric's residential customers

Steele Waseca Cooperative Electric Overview

  • Company Type:Cooperative
  • Headquarters:2411 West Bridge Street
    Owatonna, Minnesota 55060
    United States of America

Steele Waseca Cooperative Electric Contact

Steele Waseca Cooperative Electric Service

Energy Loss

Steele Waseca Cooperative Electric's energy loss due to business operations.

-3.68%Light BulbIcon representing Light Bulb.

Total Energy Loss

11,137MWh

541 National Rank

Steele Waseca Cooperative Electric Coverage Map

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Steele Waseca Cooperative Electric State Coverage

StateArrow UpArrow pointing upwards.CustomersArrow UpArrow pointing upwards.Sales ($)Arrow UpArrow pointing upwards.State Rank Based On RevenueArrow UpArrow pointing upwards.% of Provider's Residential Sales in StateArrow UpArrow pointing upwards.
Minnesota11,59536,017,50029100%

Steele Waseca Cooperative Electric County Coverage

CountyArrow UpArrow pointing upwards.PopulationArrow UpArrow pointing upwards.ProvidersArrow UpArrow pointing upwards.Avg. County Rate (¢)Arrow UpArrow pointing upwards.Avg. Electric BillArrow UpArrow pointing upwards.
Blue Earth County67,653413.88$137.59/mo
Dodge County20,934513.78$106.17/mo
Freeborn County30,281413.60$121.68/mo
Le Sueur County28,887613.06$94.63/mo
Rice County66,972513.87$122.23/mo
Steele County36,649413.83$113.23/mo
Waseca County18,612514.08$114.78/mo

Cities Steele Waseca Cooperative Electric Has Coverage

  • Blooming Prairie, MN
  • Claremont, MN
  • Ellendale, MN
  • Faribault, MN
  • Lonsdale, MN
  • Medford, MN
  • Owatonna, MN
  • Pemberton, MN
  • Waldorf, MN

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

Steele Waseca Cooperative Electric Reviews

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Steele Waseca Cooperative Electric FAQ:

What is the average electricity rate for Steele Waseca Cooperative Electric customers?

Steele Waseca Cooperative Electrics current average electricity rate is 14.56 cents per kilowatt hour (¢/kWh), compared to the average Minnesota rate of 13.40 cents and the average US rate of 13.45 cents.

How much is the average bill for Steele Waseca Cooperative Electric customers each month?

Consumers of Steele Waseca Cooperative Electric pay, on average, a monthly bill of $145.03.

What is the phone number for Steele Waseca Cooperative Electric?

Steele Waseca Cooperative Electric's customer service phone number is (507) 451-7340

How many counties does Steele Waseca Cooperative Electric offer service in?

There are 7 counties that receive at least some electricity coverage by Steele Waseca Cooperative Electric including, Minnesota.

What cities does Steele Waseca Cooperative Electric supply electricity to?

Steele Waseca Cooperative Electric supplies to 9 cities.

Last Reviewed By: Nick Reese
Published: 2021-03-16Last Updated: 2021-08-25