Independence Light and Power

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About Independence Light and Power

Independence Light and Power provides electricity in Independence in Buchanan County, Iowa. A total of 3,149 customers (85.77% residential properties, 14.13% commercial customers and 0.10% industrial properties) are supplied electricity by the company. On average, Independence Light and Power's patrons spend 13.81 cents per kilowatt hour for their residential electricity. This is 2.10% less than the US average price of 14.11 cents, resulting in the company ranking 2210th out of 2923 providers in the United States for best average electricity rate. A total of 77,204 megawatt hours were sold through retail sales in 2020 by the company. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 80,876 megawatt hours purchased by the company. Their total revenue in 2020 was $8,267,900 and came from sales to retail electricity customers alone.

The average residential electricity bill for a consumer of Independence Light and Power is $90.82 per month. Customers of the company pay a 27.89% markdown compared to other residents of the country. The supplier is not associated with any electricity production plants and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other companies.

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 4.36% of the aggregate electricity they transmit. Independence Light and Power's energy loss levels place them at of 23rd best out of the 177 providers that operate in Iowa and report energy loss and 745th best out of 3509 in the nation.

Independence Light and Power Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.148/kWh$0.138/kWh$95.82/mo.$89.92/mo.
2210th13.81¢Independence Light and Power's Average residential price per kWh
751st$90.82Average monthly electricity bill for Independence Light and Power's residential customers

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

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Energy Loss

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

-4.36%

Total Energy Loss

3,528MWh

745 National Rank

Independence Light and Power Coverage Map

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Independence Light and Power State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Iowa3,1498,267,90046100%

Independence Light and Power County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Buchanan County20,565412.09$153.73/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 $90.82, compared to the Iowa average of $108.03 and the nationwide of $108.03 for bundled service.

Who is the CEO of Independence Light and Power?

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

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

Independence Light and Power's current average bundled electricity rate is 13.81 cents per kilowatt hour (¢/kWh), compared to the average Iowa bundled rate of 12.64 cents and the average national rate of 14.11 cents.

What is the phone number for Independence Light and Power?

Independence Light and Power's customer service phone number is (319) 332-0100

Last Reviewed By: King Manalo
Published: 2022-08-01