Bancroft Municipal Utilities

About Bancroft Municipal Utilities

Bancroft Municipal Utilities is headquartered in Bancroft, Iowa and it supplies electricity in the citizens there. A total of 623 customers (88 industrial customers, 153 commercial customers and 382 residential properties) are provided electricity by the company. On average, Bancroft Municipal Utilities bills their consumers a residential electricity rate of 10.22 cents per kilowatt hour , which is lower than both the state and the national average prices of 12.89 and 15.64 cents per kilowatt hour, respectively. There were a total of 16,505 megawatt hours sold through retail sales in 2019 by the supplier. The electricity generated in the company's power plants made up 4,963 of the megawatt hours sourced by the company and the purchase of wholesale electricity made up an additional 16,850 megawatt hours. In 2019, they made a total of $1,673,000 from business activities relating to the sale and transfer of electricity. They had revenue of $1,395,000 coming from retail sales to end users and $278,000 from sales to the wholesale market.

The nationwide average monthly residential electric bill is $132.69, while the Bancroft Municipal Utilities average is 37.49% below at $82.94 per month. This is the 342nd lowest average monthly bill amount for a supplier in the nation. Production plants owned or managed by Bancroft Municipal Utilities produce 3,924.86 megawatt hours, which is the 566th highest amount of any provider in the United States. By customer count, Bancroft Municipal Utilities is the 119th largest supplier out of 178 suppliers in the state. The company produces 396th megawatt hours from non-renewable fuel sources each year, ranking them 32nd in the state out of 178 companies.