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 9 cities in Minnesota. A total of 10,943 customers (38 industrial accounts, 1,101 commercial customer accounts and 9,804 residential properties) receive electricity from the supplier. Steele Waseca Cooperative Electric has an average residential electricity price of 15.35 cents per kilowatt hour. This is 2.58% less than the national average rate of 15.76 cents, resulting in the supplier ranking 2154th out of 2892 companies in the US for best average electricity rate. In 2022 they had retail sales of 314,546 megawatt hours. The electricity sourced by the company is made up primarily of megawatt hours they procured by way of wholesale channels. This category makes up 100.00% of the total electricity sourced by the company. The revenue for Steele Waseca Cooperative Electric for 2022 from electricity sales was $38,282,500, with 99.50% coming from retail sales to end users.
The average residential electric bill for a customer of Steele Waseca Cooperative Electric is $144.17 per month, while the national average is $135.34. The power grid operated by the supplier has 0.71 outages per consumer a year, with outages lasting roughly 48.14 minutes. The national average for other providers is 1.45 outages per customer and 171.11 minutes each outage. Electricity production is not part of the Steele Waseca Cooperative Electric business plan, as they purchase electricity at wholesale rates from other suppliers to then be resold to their customers.
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.
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 162 providers in the state and 382nd best out of 3526 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:
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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
- Website:www.swce.coop
- Customer Service Phone:(507) 451-7340
- Social Media:
Steele Waseca Cooperative Electric Service
- Outage Map:outagemap.swce.coop:7576
- Outage Phone:(800) 526-3514
- States Served:
- Minnesota
- Counties Served:
- Blue Earth County
- Rice County
- Steele County
- Freeborn County
- Le Sueur County
- Major Cities Served:
- Owatonna
- Faribault
- Lonsdale
- Blooming Prairie
- Medford
- Warsaw CDP
- Ellendale
- Claremont
- Pemberton
- Waldorf
Energy Loss
Steele Waseca Cooperative Electric's energy loss due to business operations.
Total Energy Loss
10,003MWh
382 National Rank
Grid Reliability
Length & Frequency of Steele Waseca Cooperative Electric's Power Outages
48.14 min.
vs. national average of 171.11 min.
0.71 outages/yr
vs. national average of 1.45
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Steele Waseca Cooperative Electric Coverage Map
Steele Waseca Cooperative Electric State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Minnesota | 10,943 | 34,918,162.38 | 27 | 100% |
Steele Waseca Cooperative Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Blue Earth County | 69,631 | 5 | 15.81 | $143.38/mo |
| Dodge County | 20,798 | 4 | 16.22 | $126.75/mo |
| Freeborn County | 30,882 | 4 | 15.52 | $131.07/mo |
| Le Sueur County | 28,567 | 6 | 14.61 | $131.19/mo |
| Rice County | 67,693 | 5 | 15.65 | $128.34/mo |
| Steele County | 37,363 | 4 | 15.46 | $135.07/mo |
| Waseca County | 18,972 | 6 | 16.01 | $120.90/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:
How many counties does Steele Waseca Cooperative Electric have customers in to?
Steele Waseca Cooperative Electric supplies electricity to customers in 7 counties.
How much is the average bundled bill for Steele Waseca Cooperative Electric customers each month?
Customers of Steele Waseca Cooperative Electric pay, on average, a monthly bundled bill of $144.17.
When will Steele Waseca Cooperative Electric power be restored?
Steele Waseca Cooperative Electric's outages last, on average, approximately 48.139 minutes per outage.
What is the phone number for Steele Waseca Cooperative Electric?
The Steele Waseca Cooperative Electric phone number is (507) 451-7340.
What cities does Steele Waseca Cooperative Electric supply electricity to?
Steele Waseca Cooperative Electric provides electricity in 9 cities.
Who is the CEO of Steele Waseca Cooperative Electric?
The current CEO of Steele Waseca Cooperative Electric is Syd Briggs.
What is the average bundled electricity rate for Steele Waseca Cooperative Electric customers?
Steele Waseca Cooperative Electric's current average bundled electricity rate is 15.35 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 15.54 cents and the average national rate of 15.76 cents.
