Wright-Hennepin Electric

About Wright-Hennepin Electric

Wright-Hennepin Electric is an electricity cooperative headquartered in Rockford, Minnesota and serving customers in Minnesota including in cities such as Plymouth, Maple Grove, Otsego, St. Michael, and Buffalo. The company has a total of 56,006 customers. There are 53,457 residential accounts, 2,440 commercial customer accounts and 109 industrial customers. On average, Wright-Hennepin Electric charges their customers a residential electricity price of 14.81 cents per kilowatt hour, which is 6.91% less than Minnesota's average price of 15.90 cents and 8.33% less than the US average of 16.15 cents. The supplier sold 937,344 megawatt hours through retail sales in 2023. The electricity they sourced consisted of megawatt hours that they procured by way of the wholesale electricity market. They purchased 964,618 on the wholesale market. The total revenue for Wright-Hennepin Electric for 2023 from electricity sales was $121,527,700, with 97.80% coming from retail sales to end users.

The state average monthly residential electricity bill is $107.8, while the Wright-Hennepin Electric average is 18.33% more at $133.9 per month. Wright-Hennepin Electric ranks 130th in the state for average monthly bill total. The supplier's customers are faced with an average of 0.37 power outages per consumer each year. These outages go on for an average of 28.23 minutes, while the national average is 1.44 outages per consumer and 123.49 minutes an outage. The company currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end consumers.