McGregor, Iowa Electric Utility

About McGregor, Iowa Electric Utility

McGregor, Iowa Electric Utility is a municipally owned entity providing electricity in McGregor, Iowa. Recently filed reports by the company showed a total customer count of 554 accounts, 422 of which are residential properties, 128 are commercial customers and 4 are industrial properties. On average, McGregor, Iowa Electric Utility's patrons purchase residential electricity for 14.45 cents per kilowatt hour, which is 8.15% below the nationwide average price of 15.73 cents. They had sales of 6,672 megawatt hours in 2019 through retail sales. The electricity sourced by the provider came from a mixture of electricity generation from electricity facilities owned by McGregor, Iowa Electric Utility and supplementary megawatt hours that they purchased via wholesale channels. They purchased 7,111 wholesale megawatt hours. The total revenue for the company for 2019 from electricity sales was $908,300, with $838,100 coming from retail sales to end users.

The Iowa average monthly residential electric bill is $105.36, while the McGregor, Iowa Electric Utility average is 23.81% less at $73.12 per month. This is the 16th lowest average monthly bill amount for a supplier in Iowa. Based on customer count, McGregor, Iowa Electric Utility is the 119th largest company out of 178 providers in the state. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates from other providers to then be resold to their customers. Electricity generation facilities associated with McGregor, Iowa Electric Utility produce a total of 11 megawatt hours, which is the 861st highest in the United States out of 3517 providers.