Fosston, Minnesota Electric Utility

About Fosston, Minnesota Electric Utility

Fosston, Minnesota Electric Utility is a municipally owned entity located in Fosston, Minnesota and serving customers in Polk County, Minnesota. Currently, 790 consumers are supplied electricity by the supplier. These customers are a mix of 5 industrial locations, 173 commercial customers and 612 residential locations. The average residential electricity price for customers of Fosston, Minnesota Electric Utility is approximately 14.06 cents per kilowatt hour, which is 10.81% lower than the nationwide average price of 15.76 cents. This makes the supplier 1683rd out of 2892 companies in the US for best average electricity price. Roughly 30,227 megawatt hours were sold by the supplier to retail end users in 2019. The megawatt hours sourced by the company primarily came from megawatt hours that they acquired via the wholesale market. They purchased 32,245 wholesale megawatt hours. Through sales to retail customers alone , The company earned $3,591,700 in 2019.

The average monthly residential electric bill for a customer of Fosston, Minnesota Electric Utility is $124.45 per month, while the US average is $135.34. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it to end consumers.