TIP Rural Electric Cooperative: Rates and Coverage Area

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. Recently filed reports by the company showed a customer base of 5,852 accounts, 361 of which are commercial properties and 5,491 of which are residential properties. On average, TIP Rural Electric Cooperative's customers spend 13.34 cents per kilowatt hour for their residential electricity, which is 3.07% more than the average Iowa rate of 12.94 cents, a potentially frustrating state of affairs for their customers. Of the 164,088 megawatt hours TIP Rural Electric Cooperative sold and dispossessed, 94.59% were from sales to end users. The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. In 2019, the provider made $15,837,000 from retail electricity sales.

The national average monthly residential electricity bill is $135.78, while the TIP Rural Electric Cooperative average is 1.30% less at $134.01 per month. This is the 1828th lowest average monthly bill amount for a provider in the US. 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.

TIP Rural Electric Cooperative Net Metering

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 January and the highest average bill is in July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.156/kWh$0.103/kWh$199.33/mo.$97.65/mo.
1410th13.34¢TIP Rural Electric Cooperative's Average residential price per kWh
1828th$134.01Average monthly electricity bill for TIP Rural Electric Cooperative's residential customers

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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

TIP Rural Electric Cooperative Service

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TIP Rural Electric Cooperative Coverage Map

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TIP Rural Electric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Iowa5,85214,238,257.3124100%

TIP Rural Electric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Benton County25,654513.14$152.37/mo
Iowa County16,596514.12$136.44/mo
Keokuk County10,050215.38$132.39/mo
Poweshiek County18,628516.37$131.85/mo
Tama County17,079713.84$162.96/mo

Cities TIP Rural Electric Cooperative Has Coverage

* 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 $134.01.

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 13.34 cents per kilowatt hour (¢/kWh).

Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-01-30