La Plata Electric Association

About La Plata Electric Association

La Plata Electric Association supplies electricity to 4 cities and is considered an electric cooperative. La Plata Electric Association has an average residential electricity price of 16.56 cents per kilowatt hour, which is 15.72% more than the average state price of 14.31 cents. In 2022 they sold 0.02% of their total megawatt hours disposed through wholesale channels to other companies. The electricity sourced by the supplier primarily came from megawatt hours that they acquired by way of the wholesale electricity market. They purchased 980,737 megawatt hours on the wholesale market. La Plata Electric Association made $110,374,600 in 2022, $32,900 of which came from electricity sales on the wholesale market and $109,481,000 of which came from sales to retail end-users.

Consumers of the company have an average residential power bill of $108.68. This is 13.81% more than the state average bill of $89.99. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end consumers.