Beresford, South Dakota Electric Utility

About Beresford, South Dakota Electric Utility

Beresford, South Dakota Electric Utility is headquartered in Beresford, South Dakota and it supplies electricity in the citizens that call Beresford home. There are 1,243 customers of the company. About 79.49% of them are residential accounts, 19.07% of them are commercial accounts and 1.45% are industrial accounts. Beresford, South Dakota Electric Utility's average residential electricity price per kilowatt hour is 10.21 cents per kilowatt hour. This is 16.69% lower than South Dakota's average rate of 12.25 cents, ranking the company at 23rd best for average electricity rate out of 74 companies in South Dakota. Around 32,473 megawatt hours were sold by the supplier to retail accounts in 2019. During the same timeframe, Beresford, South Dakota Electric Utility purchased 33,792 megawatt hours by way of the wholesale market. In 2019, the total revenue of Beresford, South Dakota Electric Utility was $3,782,000, which was earned exclusively through electricity sales to retail customers.

Patrons of the supplier pay an average monthly residential electric bill of $126.55. This is 1.29% above the South Dakota average bill of $124.84. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other companies and then resell it at a higher rate to end users.