Halstad, Minnesota Electric Utility

About Halstad, Minnesota Electric Utility

Halstad, Minnesota Electric Utility is a municipally owned organization serving Halstad, Minnesota and other areas of Norman County. The provider recently disclosed a total of 329 total customers, 83.89% of which are residential properties and 16.11% of which are commercial properties. The average residential electricity price for consumers of Halstad, Minnesota Electric Utility is approximately 13.77 cents per kilowatt hour, which is 13.21% lower than the average Minnesota price of 15.86 cents and 15.13% below the nationwide average of 16.22. In 2019 they sold 8,397 megawatt hours to end users (known as retail sales). During the same timeframe, Halstad, Minnesota Electric Utility produced 10 megawatt hours and procured 8,717 megawatt hours by way of wholesale channels. In 2019, the provider made a total of $1,042,000 from business activities relating to the sale and transfer of electricity. They had revenue of $963,000 from retail sales to end users.

Customers of the provider pay an average monthly residential electricity bill of $182.23. This is 52.08% higher than the Minnesota average of $107.56. The company generates 649th megawatt hours from non-renewable fuel types per year. This ranks them 649th out of 3530 suppliers in the nation. Halstad, Minnesota Electric Utility generates 10 megawatt hours from their electricity plants, which ranks them as the 859th largest producer of electricity of all 3530 suppliers in the country. The supplier currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it to end users.