Hinton, Iowa Electric Utility

About Hinton, Iowa Electric Utility

Hinton, Iowa Electric Utility is a municipally owned entity providing electricity in Hinton, Iowa. The company has 336 residential customer accounts, 59 commercial customer accounts and 8 industrial accounts within their service area. Hinton, Iowa Electric Utility averages 10.15 cents per kilowatt hour charged to their customers for residential electricity, which is 21.24% less than the average state rate of 12.89 cents and 35.09% lower than the nationwide average of 15.64. In 2019 the company sold 10,048 megawatt hours to end users (known as retail sales). The electricity they sourced was made up of megawatt hours procured on wholesale channels. They purchased 10,492 megawatt hours on the wholesale market. In 2019 they had total electricity related revenue of $1,051,600, with 99.88% coming from retail sales.

The national average monthly residential power bill is $132.69, while the Hinton, Iowa Electric Utility average is 11.53% less at $117.4 per month. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end consumers.