Wise Electric Cooperative: Rates and Coverage Area

Wise Electric Cooperative

Electricity Rates, Plans & Statistics

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About Wise Electric Cooperative

Wise Electric Cooperative serves 13 cities in Texas such as the cities of Decatur, Bridgeport, Briar CDP, Bowie, and Pecan Acres CDP. The entity is an electricity cooperative. With 26,208 total customers, the supplier supplies electricity to 6,461 commercial accounts and 19,747 residential customer accounts. On average, Wise Electric Cooperative's consumers pay a residential electricity rate of 15.29 cents per kilowatt hour, which is 1.31% higher than the average Texas price of 15.09 cents. The supplier sold 754,864 megawatt hours through retail sales in 2023. The electricity sourced by the company primarily came from megawatt hours that they purchased on the wholesale electricity market. They purchased 820,494 wholesale megawatt hours. In 2023, the company had revenue of $95,187,000 from retail electricity sales to end users.

The average monthly residential electricity bill for a customer of Wise Electric Cooperative is $226.45 per month, while the Texas average is $167.8. The provider does not have ownership in any electricity generation facilities and all of the power that they sell to their customers must be purchased from other companies.

Wise Electric Cooperative Net Metering

Net metering is available to customers of Wise Electric Cooperative. Net metering makes solar panel installation more economically feasible as it allows citizens to sell electricity into the grid.

Energy Loss

Wise Electric Cooperative reported a yearly loss of around 8.00% of the electricity that they produce. Loss of electricity due to heat dissipation during electricity transmission and other causes is part of operating in the electricity production business and suppliers are required to report these losses. This percentage of loss gives them a ranking of 1363rd best out of 3529 suppliers who report energy loss in the nation and 113th best out of 168 in Texas.

Wise Electric Cooperative Rate & Electric Bills

Wise Electric Cooperative residential electric rates are highest in November and the highest average bill is in August.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.156/kWh$0.087/kWh$355.32/mo.$96.41/mo.
2070th15.29¢Wise Electric Cooperative's Average residential price per kWh
2885th$226.45Average monthly electricity bill for Wise Electric Cooperative's residential customers

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Wise Electric Cooperative Overview

  • Company Type:Cooperative
  • Headquarters:1900 North Trinity Street
    Decatur, Texas 76234
    United States of America
  • CEO:Kim Hooper

Wise Electric Cooperative Contact

Wise Electric Cooperative Service

Energy provider of the year for Texas, Mid-Sized Provider Category
Top 3 Least Outages Per Year
Texas, Mid-Sized Provider Category
Claim Award

Energy Loss

Wise Electric Cooperative's energy loss due to business operations.

-8.00%

Total Energy Loss

65,630MWh

1363 National Rank

Power Outages

Currently, 0 customers are being tracked in Wise Electric Cooperative.

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Customers Out:

0

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Wise Electric Cooperative Coverage Map

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Wise Electric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Texas26,20893,789,508.2477100%

Wise Electric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Clay County10,2363815.43$164.33/mo
Denton County977,2814115.31$163.68/mo
Jack County8,4944015.40$164.82/mo
Montague County19,8503915.33$164.60/mo
Wise County74,8954115.37$165.24/mo

Cities Wise Electric Cooperative Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

Wise Electric Cooperative Reviews

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Wise Electric Cooperative FAQ:

What is the average bundled electricity rate for Wise Electric Cooperative customers?

Customers of Wise Electric Cooperative, on average, have an electricity bundled rate 15.29 cents per kilowatt hour (¢/kWh).

What is the phone number for Wise Electric Cooperative?

Wise Electric Cooperative's customer service phone number is (940) 627-2167

How much is the average bundled bill for Wise Electric Cooperative customers each month?

Wise Electric Cooperative currently has an average monthly bundled electric bill of $226.45, compared to the Texas average of $167.80 and the national of $167.80 for bundled service.

Who is the CEO of Wise Electric Cooperative?

Wise Electric Cooperative's CEO is Kim Hooper.

How many counties does Wise Electric Cooperative offer service in?

There are 5 counties that receive at least some electricity coverage by Wise Electric Cooperative including Texas.

What cities does Wise Electric Cooperative sell electricity in?

Wise Electric Cooperative has customers in 13 cities.

Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-09-18