Independence Light and Power: Rates and Coverage Area

Independence Light and Power

Electricity Rates, Plans & Statistics

High Power Bills?

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About Independence Light and Power

Independence Light and Power provides electricity in Independence in Buchanan County, Iowa. There are 3,303 customers of the company. Exactly 474 of them are commercial accounts, 2,828 of them are residential customers and one is an industrial account. Independence Light and Power's customers are charged an average residential electricity price of 14.68 cents per kilowatt hour. This is, sadly, 12.99% above the state's average rate of 12.99 cents. They sold 76,334 megawatt hours via retail sales in 2023. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 79,200 megawatt hours purchased by the company. Their total revenue in 2023 was $8,316,100 and came from sales to retail electricity customers alone.

The average residential electricity bill for a consumer of Independence Light and Power is $94.1 per month. Customers of the company pay a 32.77% markdown compared to other residents of the country. Electricity production is not part of the Independence Light and Power business model, as they purchase electricity at wholesale rates and then resell to their consumers. The grid owned by the provider experiences an average of 0.12 outages per customer a year, with outages lasting an average of 3.02 minutes. The nationwide average for other providers is 1.44 outages per customer and around 123.49 minutes each outage.

Independence Light and Power Net Metering

Offering net metering to customers is a win-win situation for Independence Light and Power and any individuals who receive their electricity from the company. Installation of solar panels and alternative electricity sources is often too expensive for people. Net metering allows purchasers of these electricity sources to sell unused megawatt hours back into the grid, making the installation of these alternative sources economically viable.

Energy Loss

Energy loss is a fact of life when working with electricity transmission. Independence Light and Power currently averages a loss of roughly 3.35% of the aggregate electricity they transmit. Independence Light and Power's energy loss levels place them at of 24th best out of the 177 providers that operate in Iowa and report energy loss and 631st best out of 3529 in the nation.

Independence Light and Power Rate & Electric Bills

Independence Light and Power residential electric rates are highest in September and the highest average bill is in January.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.163/kWh$0.124/kWh$120.59/mo.$71.54/mo.
1891st14.68¢Independence Light and Power's Average residential price per kWh
520th$94.1Average monthly electricity bill for Independence Light and Power's residential customers

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Independence Light and Power Overview

  • Company Type:Municipal
  • Headquarters:700 7th Avenue North East
    Independence, Iowa 50644
    United States of America
  • Director/Superintendent:Kevin Sidles

Independence Light and Power Contact

Independence Light and Power Service

  • States Served:
    • Iowa
  • Counties Served:
    • Buchanan County
  • Major Cities Served:

Energy Loss

Independence Light and Power's energy loss due to business operations.

-3.35%

Total Energy Loss

2,651MWh

631 National Rank

Grid Reliability

Length & Frequency of Independence Light and Power's Power Outages

3.02 min.

vs. national average of 123.49 min.

0.12 outages/yr

vs. national average of 1.44

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Independence Light and Power Coverage Map

Coverage Map Placeholder

Independence Light and Power State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Iowa3,3038,741,692.8146100%

Independence Light and Power County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Buchanan County20,598513.82$173.14/mo

Independence Light and Power Reviews

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Independence Light and Power FAQ:

What is the average bundled bill for Independence Light and Power customers each month?

Independence Light and Power currently has an average monthly bundled electric bill of $94.10, compared to the Iowa average of $105.74 and the nationwide of $105.74 for bundled service.

Who is the CEO of Independence Light and Power?

The current CEO of Independence Light and Power is Kevin Sidles.

What is the average bundled electricity rate for Independence Light and Power customers?

The average bundled price of electricity for customers of Independence Light and Power is 14.68 cents per kilowatt hour (¢/kWh).

When will Independence Light and Power power be restored?

Average outage times for Independence Light and Power are around 3.022 minutes per outage.

What is the phone number for Independence Light and Power?

You can reach Independence Light and Power by phone via (319) 332-0100.

King Manalo
Last Reviewed By: King Manalo
Published: 2023-11-04