Clarke Electric

About Clarke Electric

Clarke Electric serves 8 counties in the state of Iowa including Warren County, Madison County, Union County, Clarke County, and Lucas County. At the moment, there are 6,761 customers of the supplier. About 94.70% of them are residential customers, 5.25% of them are commercial customer accounts and 0.04% are industrial properties. Clarke Electric has an average residential electricity rate of 14.14 cents per kilowatt hour, which is 8.95% above the average Iowa rate of 12.98 cents, a potentially frustrating situation for their patrons. In 2019 the company sold 92.13% of their total megawatt hours disposed to end users (known as retail sales). The electricity they sourced was made up of megawatt hours that they acquired by way of wholesale channels. They purchased 120,865 wholesale megawatt hours. The total revenue for the company in 2019 from electricity sales was $13,243,300, with $13,071,100 coming from retail sales to end users and $116,300 from sales to the wholesale market.

The average monthly residential electricity bill for a customer of Clarke Electric is $152.38 per month. Patrons of the supplier are stuck with a 33.44% markup compared to the rest of the state. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates to then be resold to their consumers.