Algona Municipal Utilities

About Algona Municipal Utilities

Algona Municipal Utilities provides electricity in Algona, Iowa. There are a total of 3,837 customer accounts who are receiving electricity from the company. These accounts are made up of 16 industrial properties, 695 commercial accounts and 3,126 residential properties. Algona Municipal Utilities' average residential electricity rate per kilowatt hour is 15.36 cents per kilowatt hour. This is 1.75% below the US average price of 15.64 cents, ranking the supplier at 2352nd lowest for average electricity rate out of 2893 companies in the country. Around 113,367 megawatt hours were sold by the provider to retail customers in 2019 and 100,475 megawatt hours were sold to other providers via whole channels. Of the megawatt hours they sourced, 47,398 of them were generated by electricity plants owned by the provider and 175,068 megawatt hours were acquired by way of wholesale channels. In 2019, the supplier made a total of $14,499,000 from business activities relating to the sale and transfer of electricity. They had 22.84% of their revenue come from wholesale electricity sales and 77.16% from retail sales to end users.

Patrons of the supplier pay an average residential electricity bill of $114.32. This is 13.84% less than the national average of $132.69. They rank 34th in the state out of the 178 suppliers we track for their ratio of renewable versus non-renewable fuel types used. The provider generates a total of 32,742.35 megawatt hours from the use of coal, which makes them the 17th highest producer in Iowa out of 178 electric providers Algona Municipal Utilities is the 37th largest electricity company out of 178 suppliers in the state based on number of customers.