Steele Waseca Cooperative Electric: Rates and Coverage Area

Steele Waseca Cooperative Electric

Electricity Rates, Plans & Statistics

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About Steele Waseca Cooperative Electric

Steele Waseca Cooperative Electric is an electric cooperative headquartered in Owatonna, Minnesota and serving customers in 8 cities in Minnesota. Customers of Steele Waseca Cooperative Electric purchase electricity for, on average, 15.31 cents per kilowatt hour. This is 2.72% below the US average price of 15.73 cents. In 2022 Steele Waseca Cooperative Electric sold 96.92% of their total megawatt hours disposed to end users (known as retail sales). The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 324,549 procured by the company. The total revenue for the company in 2022 from electricity sales was $38,282,500, with $38,089,700 from retail sales to end users.

The average residential electric bill for a customer of Steele Waseca Cooperative Electric is $144.5 per month, while the national average is $135.39. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end users.

Steele Waseca Cooperative Electric Net Metering

Steele Waseca Cooperative Electric offers net metering options to their customers. Without net metering, solar panel installation is significantly less economically realistic, as citizens have no way to sell unused energy back into the infrastructure system.

Energy Loss

Steele Waseca Cooperative Electric has energy loss of 3.08% of their total generation during transmission. The state average for energy loss is 3.21% and the nationwide average is 2.87%. This results in Steele Waseca Cooperative Electric receiving a ranking of 16th best out of 166 providers in the state and 382nd best out of 3517 providers in the nation.

Steele Waseca Cooperative Electric Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.161/kWh$0.131/kWh$187.97/mo.$115.64/mo.
2146th15.31¢Steele Waseca Cooperative Electric's Average residential price per kWh
2131st$144.5Average monthly electricity bill for Steele Waseca Cooperative Electric's residential customers

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Steele Waseca Cooperative Electric Overview

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

Steele Waseca Cooperative Electric Contact

Steele Waseca Cooperative Electric Service

Energy Loss

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

-3.08%

Total Energy Loss

10,003MWh

382 National Rank

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Steele Waseca Cooperative Electric Coverage Map

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Steele Waseca Cooperative Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Minnesota10,93135,017,942.8327100%

Steele Waseca Cooperative Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Blue Earth County69,631515.77$143.76/mo
Dodge County20,798516.19$126.84/mo
Freeborn County30,882415.48$131.40/mo
Le Sueur County28,567614.58$131.54/mo
Rice County67,693515.63$128.72/mo
Steele County37,363415.43$135.43/mo
Waseca County18,972616.00$121.30/mo

Cities Steele Waseca Cooperative Electric Has Coverage

* 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:

How many counties does Steele Waseca Cooperative Electric sell electricity in?

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

Who is the CEO of Steele Waseca Cooperative Electric?

Syd Briggs is the CEO of Steele Waseca Cooperative Electric.

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

Consumers of Steele Waseca Cooperative Electric, on average, have an electricity bundled rate 15.31 cents per kilowatt hour (¢/kWh).

What is the phone number for Steele Waseca Cooperative Electric?

You can reach Steele Waseca Cooperative Electric by phone via (507) 451-7340.

What is the average bundled bill for Steele Waseca Cooperative Electric customers each month?

Currently, the average monthly bundled electric bill for customers of Steele Waseca Cooperative Electric is $144.50. The state average bundled bill is $107.12 and the national average is $107.12.

What cities does Steele Waseca Cooperative Electric have customers in in?

Steele Waseca Cooperative Electric supplies in 8 cities.

Nick Reese
Last Reviewed By: Nick Reese
Published: 2024-06-04