Buffalo, Iowa Electric Utility

About Buffalo, Iowa Electric Utility

Buffalo, Iowa Electric Utility is headquartered in Buffalo, Iowa and it serves the population who live there. The company last disclosed a total of 476 customers, 25 of which are commercial accounts and the rest of which are residential accounts. Buffalo, Iowa Electric Utility bills their consumers a residential electricity price of 15.89 cents per kilowatt hour on average. Regrettably, this is 21.91% more than Iowa's average rate of 13.04 cents, resulting in the supplier ranking 168th lowest for average electricity rate out of 183 suppliers in the state. There were a total of 5,136 megawatt hours sold to retail customers in 2019 by the provider. The electricity sourced by the company is made up primarily of megawatt hours they procured by way of the wholesale electricity market. This category comprises 100.50% of the total electricity sourced. In 2019, the company earned $582,000 from retail electricity sales. Their revenue from all electricity activities was $585,000.

The average monthly residential electric bill for a customer of Buffalo, Iowa Electric Utility is $71.56. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end users.