Hopkinton, Iowa Electric Utility

About Hopkinton, Iowa Electric Utility

Hopkinton, Iowa Electric Utility is a municipally owned organization supplying electricity in Hopkinton, Iowa. At the time of the most recent government reports, the supplier disclosed a total of 346 electricity customers. This total is made up of 50 commercial accounts and 296 residential accounts. Hopkinton, Iowa Electric Utility averages 13.95 cents per kilowatt hour billed to their customers for residential electricity, which is 7.16% above the average Iowa price of 13.01 cents and 11.36% less than the national average of 15.73. Around 4,457 megawatt hours were sold by the provider to retail customers in 2019. The electricity generated in the company's power plants made up 5 of the megawatt hours sourced by the company and the purchase of wholesale electricity made up an additional 4,945 megawatt hours. The total revenue for the company in 2019 from electricity sales was $652,000, with 98.77% coming from retail sales to end users.

Customers of the supplier pay an average monthly residential electricity bill of $103.65. This is 23.44% lower than the US average bill of $135.39. Hopkinton, Iowa Electric Utility is the 147th largest provider out of 178 providers in the state based on total customer count. Hopkinton, Iowa Electric Utility generates 25 megawatt hours from their electricity plants, ranking them as the 90th largest producer of electricity out of 178 electricity providers in Iowa. Electricity generation plants associated with the supplier use non-renewable fuels to generate 100.00% of their total electricity generation, or 25 megawatt hours. This amount ranks them at 603rd in the country out of 3518 providers.