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 8,271 total customers, 117 of which are industrial customers, 1,505 are commercial accounts and the rest of which are residential customers. Consumers of Detroit Lakes Electric purchase electricity for, on average, 11.76 cents per kilowatt hour. This is, luckily, 25.82% less than Minnesota's average rate of 15.86 cents, resulting in the supplier ranking 34th out of 174 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 $143.38, while the Detroit Lakes Electric average is 25.62% less at $106.64 per month. This is the 685th lowest average monthly bill amount for a provider in the US. Detroit Lakes Electric is the 1162nd largest electricity company out of 3530 electricity companies in the United States based on customer count. Electricity generation plants managed by the provider use non-renewable fuel types to generate 100.00% of their total electricity generation, or 50 megawatt hours. They rank 38th out of 163 providers in Minnesota. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates from other suppliers and then resell to their end users.