Fairbank, Iowa Electric Utility: Rates and Coverage Area

Fairbank, Iowa Electric Utility

Electricity Rates, Plans & Statistics

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About Fairbank, Iowa Electric Utility

Fairbank, Iowa Electric Utility is a municipally owned entity headquartered in Fairbank, Iowa and serving customers in Iowa. At the moment, there are 518 customers of the company. Exactly 74 of them are commercial customers and 444 of them are residential properties. Fairbank, Iowa Electric Utility's customers are charged an average residential electricity rate of 12.34 cents per kilowatt hour. This is 4.66% below the state's average rate of 12.94 cents, resulting in the company ranking 89th best for average electricity price out of 183 providers in the state. A total of 7,683 megawatt hours were sold through retail sales in 2019 by the provider. Wholesale power purchases made up 100.00% of all electricity sourced by the company and 8,086 megawatt hours were acquired on wholesale channels. The supplier made $891,000 in total revenue in 2019 through retail electricity sales alone.

The average residential power bill for a consumer of Fairbank, Iowa Electric Utility is $90.61. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it to end users.

Fairbank, Iowa Electric Utility Rate & Electric Bills

Fairbank, Iowa Electric Utility residential electric rates are highest in January and the highest average bill is in February.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.145/kWh$0.102/kWh$134.85/mo.$67.39/mo.
997th12.34¢Fairbank, Iowa Electric Utility's Average residential price per kWh
563rd$90.61Average monthly electricity bill for Fairbank, Iowa Electric Utility's residential customers

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Fairbank, Iowa Electric Utility Overview

  • Company Type:Municipal
  • Headquarters:116 East Main Street
    Fairbank, Iowa 50629
    United States of America
  • Director/Superintendent:Dave Ryan

Fairbank, Iowa Electric Utility Contact

Fairbank, Iowa Electric Utility Service

  • Outage Phone:(319) 635-2869

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Fairbank, Iowa Electric Utility Coverage Map

Coverage Map Placeholder

Fairbank, Iowa Electric Utility State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Iowa518788,288.29129100%

Fairbank, Iowa Electric Utility County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Buchanan County20,598412.48$156.25/mo

Fairbank, Iowa Electric Utility Reviews

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Fairbank, Iowa Electric Utility FAQ:

How much is the average bundled bill for Fairbank, Iowa Electric Utility customers each month?

Customers of Fairbank, Iowa Electric Utility pay, on average, a monthly bundled bill of $90.61.

What is the phone number for Fairbank, Iowa Electric Utility?

You can reach Fairbank, Iowa Electric Utility by phone via (319) 635-2869.

What is the average bundled electricity rate for Fairbank, Iowa Electric Utility customers?

Fairbank, Iowa Electric Utility's current average bundled electricity rate is 12.34 cents per kilowatt hour (¢/kWh), compared to the average Iowa bundled rate of 12.94 cents and the average national rate of 15.68 cents.

Who is the CEO of Fairbank, Iowa Electric Utility?

Fairbank, Iowa Electric Utility's current CEO is Dave Ryan.

Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2022-09-18