Bloomfield Electric

About Bloomfield Electric

Bloomfield Electric supplies electricity in Davis County, Iowa. A total of 1,162 residential accounts, 239 commercial customers and 5 industrial accounts are provided electricity by the company. Bloomfield Electric's customers are billed an average residential electricity price of 13.80 cents per kilowatt hour, which is 7.13% above the average Iowa price of 12.89 cents. Of the 28,533 megawatt hours the provider sold and dispossessed, 25,952 were from sales to end users. The electricity they sourced consisted of megawatt hours produced by the company at power plants they own and additional megawatt hours that they procured by way of the wholesale market. They purchased 28,389 wholesale megawatt hours. Their total revenue for 2018 from electricity activities was $3,351,500, with 87.75% coming from retail sales to end users.

The Iowa average monthly residential electricity bill is $106.9, while the Bloomfield Electric average is 9.14% below at $94.77 per month. This is the 65th lowest average monthly bill amount for a supplier in the state. The supplier currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other providers and then resell it to end consumers.