Hancock-Wood Electric Coop Inc electricity rates

It is a smaller system, serving 11,307 residential customers, which means its fixed costs are spread across a narrow base. At 17.05¢ per kilowatt-hour it is one of the cheaper places to buy electricity in Ohio, 12.7% under the statewide average of 19.52¢.

Its customers use more electricity than the national norm, 1,083 kilowatt-hours a month against 871, which amplifies whatever the rate does.

Owned by the customers it serves, with directors elected by members. Co-ops are frequently outside state rate regulation. That matters because a bill is not only the cost of generating electricity: it also carries the cost of the network, and who owns that network changes how it is paid for.

In 2024 the average Hancock-Wood Electric Coop Inc customer went 80 minutes without electricity across 0.93 interruptions. The median across the 941 utilities that report this is 185 minutes.

That is markedly better than typical. Short outage durations usually mean an underground or heavily automated network, and they are expensive to achieve, which is part of why reliable systems often carry higher delivery charges.

Hancock-Wood Electric Coop Inc offers time-of-use pricing to residential customers. 11,231 households were enrolled, about 99.3% of its residential base.

These plans are opt-in almost everywhere. They reward households that can move laundry, dishwashing, water heating or electric vehicle charging out of the late-afternoon peak, and they cost more than the standard rate for households that cannot. How to tell which group you are in.