Steuben Rural Electric Cooperative

About Steuben Rural Electric Cooperative

Steuben Rural Electric Cooperative is an electric cooperative headquartered in Bath, New York and providing power to customers in 4 counties in New York including counties like Chautauqua County, Steuben County, Cattaraugus County, and Schuyler County. At the moment, there are 6,430 customers of the supplier. About 3.50% of them are commercial properties and 96.50% of them are residential properties. Steuben Rural Electric Cooperative has an average residential electricity rate of 14.53 cents per kilowatt hour, which is 27.50% below New York's average price of 20.04 cents. This makes the provider 49th lowest for average electricity rate out of 70 suppliers in New York. In 2019 the company sold 92.78% of their megawatt hours to end users (known as retail sales). The electricity they sourced was made up of megawatt hours purchased on the wholesale market. They purchased 94,834 wholesale megawatt hours. Their revenue in 2019 from electricity activities was $10,605,000, with 95.17% coming from retail sales to end users.

The average monthly residential power bill for a consumer of Steuben Rural Electric Cooperative is $127.7. Patrons of the company pay 3.76% less compared to the rest of the US. Electricity production is not part of the Steuben Rural Electric Cooperative business plan, as they purchase power at wholesale rates to then be resold to their customers.