TIP Rural Electric Cooperative
Electricity Rates, Plans & Statistics
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About TIP Rural Electric Cooperative
TIP Rural Electric Cooperative serves electricity to 5 counties in the state such as the counties of Benton County, Poweshiek County, Tama County, Iowa County, and Keokuk County. The company is an electric cooperative. TIP Rural Electric Cooperative's patrons are billed an average residential electricity price of 14.55 cents per kilowatt hour. This is 12.13% above the state's average rate of 12.98 cents, resulting in the supplier ranking 117th out of 183 companies in Iowa for lowest average electricity price. A total of 155,206 megawatt hours were sold via retail sales in 2019 by the provider. During the same timeframe, TIP Rural Electric Cooperative purchased 164,088 megawatt hours via the wholesale electricity market. Their total revenue for 2019 from electricity activities was $15,915,900, with 99.50% coming from retail sales to end users.
The nationwide average monthly residential electricity bill is $139.28, while the TIP Rural Electric Cooperative average is 3.06% higher at $143.54 per month. TIP Rural Electric Cooperative ranks 1889th in the US for average monthly bill total. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices from other suppliers and then resell it to end users.
Offering net metering to consumers is a win-win situation for TIP Rural Electric Cooperative and individuals who get their electricity from the company. The purchase of solar panels and alternative electricity sources is often prohibitively priced for private individuals. Net metering allows purchasers of these electricity sources to sell extra wattage back to their electricity supplier, making the installation of these alternative sources more financially friendly.
TIP Rural Electric Cooperative Rate & Electric Bills
TIP Rural Electric Cooperative residential electric rates are highest in June and the highest average bill is in January.
Historical Electricity Rates:
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TIP Rural Electric Cooperative Overview
- Company Type:Cooperative
- Headquarters:612 West Des Moines Street
Brooklyn, Iowa 52211
United States of America - CEO:Jim Hoye
TIP Rural Electric Cooperative Contact
- Website:www.tiprec.com
- Customer Service Phone:(641) 522-9221
- Contact Page:www.tiprec.com
- Social Media:
TIP Rural Electric Cooperative Service
- Outage Map:tiprec.ebill.coop
- Outage Phone:(800) 934-7976
- States Served:
- Iowa
- Counties Served:
- Benton County
- Poweshiek County
- Tama County
- Iowa County
- Keokuk County
- Major Cities Served:
- Williamsburg
- Brooklyn
- Holiday Lake CDP
- Conroy CDP
- South Amana CDP
- Guernsey
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TIP Rural Electric Cooperative Coverage Map
TIP Rural Electric Cooperative State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Iowa | 6,813 | 17,738,966.65 | 24 | 100% |
TIP Rural Electric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Benton County | 25,654 | 6 | 14.50 | $170.97/mo |
| Iowa County | 16,596 | 5 | 14.98 | $145.79/mo |
| Keokuk County | 10,050 | 3 | 15.74 | $134.78/mo |
| Poweshiek County | 18,628 | 6 | 15.29 | $122.23/mo |
| Tama County | 17,079 | 7 | 14.26 | $167.37/mo |
Cities TIP Rural Electric Cooperative Has Coverage
- Brooklyn, IA
- Guernsey, IA
- Williamsburg, IA
* City coverage generated based on government data. Always verify you can get service from the provider.
TIP Rural Electric Cooperative Reviews
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TIP Rural Electric Cooperative FAQ:
Who is the CEO of TIP Rural Electric Cooperative?
TIP Rural Electric Cooperative's CEO is Jim Hoye.
What is the average bundled bill for TIP Rural Electric Cooperative customers each month?
Customers of TIP Rural Electric Cooperative pay, on average, a monthly bundled bill of $143.54.
What is the phone number for TIP Rural Electric Cooperative?
The TIP Rural Electric Cooperative phone number is (641) 522-9221.
What cities does TIP Rural Electric Cooperative offer service in?
TIP Rural Electric Cooperative provides electricity to 3 cities in the nation including Iowa.
How many counties does TIP Rural Electric Cooperative supply electricity to?
There are 5 counties that receive at least some electricity coverage by TIP Rural Electric Cooperative including Iowa.
What is the average bundled electricity rate for TIP Rural Electric Cooperative customers?
The average bundled rate of electricity for consumers of TIP Rural Electric Cooperative is 14.55 cents per kilowatt hour (¢/kWh).
