Independence Light and Power
Electricity Rates, Plans & Statistics
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About Independence Light and Power
Independence Light and Power provides electricity in Independence in Buchanan County, Iowa. There are 3,183 customers of the company. Exactly 463 of them are commercial accounts, 2,719 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 13.69 cents per kilowatt hour. This is, sadly, 6.22% above the state's average rate of 12.89 cents. They sold 78,589 megawatt hours via retail sales in 2022. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 78,810 megawatt hours purchased by the company. Their total revenue in 2022 was $8,509,700 and came from sales to retail electricity customers alone.
The average residential electricity bill for a consumer of Independence Light and Power is $96.98 per month. Customers of the company pay a 26.91% markdown compared to other residents of the country. The supplier is not associated with any electricity production plants and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other companies.
Offering net metering to customers is a win-win situation for Independence Light and Power and any individuals who receive their electricity from the company. Installation of solar panels and alternative electricity sources is often too expensive for people. Net metering allows purchasers of these electricity sources to sell unused megawatt hours back into the grid, making the installation of these alternative sources economically viable.
Independence Light and Power Rate & Electric Bills
Independence Light and Power residential electric rates are highest in January and the highest average bill is in December.
Historical Electricity Rates:
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Independence Light and Power Overview
- Company Type:Municipal
- Headquarters:700 7th Avenue North East
Independence, Iowa 50644
United States of America - Director/Superintendent:Kevin Sidles
Independence Light and Power Contact
- Website:www.ilpt.com
- Customer Service Phone:(319) 332-0100
- Contact Page:www.ilpt.com
- Social Media:
Independence Light and Power Service
- Rates & Plans:www.ilpt.com
- States Served:
- Iowa
- Counties Served:
- Buchanan County
- Major Cities Served:
- Table Of Contents:
Energy Loss
Independence Light and Power's energy loss due to business operations.
Total Energy Loss
-38MWh
1 National Rank
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Independence Light and Power Coverage Map
Independence Light and Power State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Iowa | 3,183 | 8,509,700 | 46 | 100% |
Independence Light and Power County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Buchanan County | 20,598 | 4 | 12.27 | $161.43/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 $96.98, compared to the Iowa average of $106.90 and the nationwide of $106.90 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 13.69 cents per kilowatt hour (¢/kWh), compared to the average Iowa bundled rate of 12.89 cents and the average national rate of 15.64 cents.
What is the phone number for Independence Light and Power?
Independence Light and Power's customer service phone number is (319) 332-0100
