Wells Rural Electric Company

About Wells Rural Electric Company

Wells Rural Electric Company is an electricity cooperative headquartered in Wells, Nevada and providing power to customers in 2 states in the nation including in major cities such as West Wendover, Carlin, Wendover, Wells, and Oasis CDP. Electricity providers must regularly report the number of customers signed on for their services to government agencies. Recently the supplier reported a total of 6,325 customers receiving their services. Around 2.62% of these customers are industrial properties, 18.15% are commercial customers and 79.23% are residential properties. Wells Rural Electric Company's customers purchase electricity for, on average, 10.37 cents per kilowatt hour. Luckily for their patrons, this rate is lower than the US average rate of 14.84 cents per kilowatt hour. Of the 795,820 megawatt hours Wells Rural Electric Company sold and dispossessed, 767,942 were from retail sales. The electricity they sourced was made up of megawatt hours that they procured by way of the wholesale electricity market. They purchased 795,820 wholesale megawatt hours. In 2021 they had total electricity related revenue of $44,903,600, with 98.53% from retail sales.

The average monthly residential power bill for a customer of Wells Rural Electric Company is $110.08 per month, while the national average is $131.84. Customers of the company pay a 16.50% discount compared to the rest of the country. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates from other providers to then be resold to their consumers.