Todd-Wadena Electric

About Todd-Wadena Electric

Todd-Wadena Electric is an electric cooperative. The largest county served by Todd-Wadena Electric is Otter Tail County, but the company also operates in in 6 counties in the state of Minnesota. At the moment, 9,137 consumers receive their electricity from the company. These customers are a mix of 332 industrial properties, 509 commercial customers and 8,296 residential customer accounts. The average residential electricity rate for consumers of Todd-Wadena Electric is roughly 11.43 cents per kilowatt hour. This is 26.93% less than the national average price of 15.64 cents, which ranks the provider 763rd best for average electricity rate out of 2893 suppliers in the United States. In 2019 they sold 190,219 megawatt hours to end users (known as retail sales). The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 199,256 megawatt hours acquired by the company. In 2019, the supplier had revenue of $19,967,500 from retail electricity sales to end users.

The national average monthly residential power bill is $132.69, while the Todd-Wadena Electric average is 18.21% more at $156.86 per month. Todd-Wadena Electric is the 2416th ranked provider in the country for average monthly bill amount. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end customers.