Detroit Lakes Electric

About Detroit Lakes Electric

Detroit Lakes Electric serves electricity to Detroit Lakes, Minnesota and is a municipally owned organization. The supplier recently reported a total of 7,920 total customers, 115 of which are industrial customers, 1,456 are commercial accounts and the rest of which are residential customers. Consumers of Detroit Lakes Electric purchase electricity for, on average, 10.52 cents per kilowatt hour. This is, luckily, 30.30% less than Minnesota's average rate of 15.09 cents, resulting in the supplier ranking 30th out of 175 companies in Minnesota for best average electricity rate. In 2019 the company sold 96.04% of their disposition via normal retail sales to end users. Of the megawatt hours they sourced, 197,569 megawatt hours were procured on wholesale channels. Their revenue for 2019 from electricity activities was $18,397,700, with 97.34% coming from retail sales to end users.

The national average monthly residential electricity bill is $132.69, while the Detroit Lakes Electric average is 25.39% less at $99 per month. This is the 795th lowest average monthly bill amount for a provider in the US. Detroit Lakes Electric is the 1176th largest electricity company out of 3517 electricity companies in the United States based on customer count. The provider produces 631st megawatt hours from non-renewable fuel sources a year, ranking them 631st out of 3517 companies in the nation. Detroit Lakes Electric generates 16 megawatt hours from their electricity facilities, ranking them as the 97th highest generator of electricity in the state out of 166 suppliers.