Kimballton, Iowa Utility Company

About Kimballton, Iowa Utility Company

Kimballton, Iowa Utility Company is a municipally owned organization serving Kimballton in Audubon County, Iowa. At the time of the most recent government reports, the supplier had a total of 208 electricity customers being supplied electricity by the company. This total is made up of 24.04% commercial accounts and 75.96% residential accounts. The residential electricity rate for consumers of Kimballton, Iowa Utility Company is, on average, 9.07 cents per kilowatt hour. This is 42.01% below the national average price of 15.64 cents, resulting in the provider ranking 203rd out of 2893 companies in the US for best average electricity rate. In 2019 the company sold 2,583 megawatt hours to end users (known as retail sales). The electricity sourced by the company primarily came from megawatt hours that they procured by way of wholesale channels. They purchased 2,583 wholesale megawatt hours. Their revenue in 2019 from electricity related activities was $201,000, with 100.00% coming from retail sales to end users.

The United States average monthly residential electric bill is $132.69, while the Kimballton, Iowa Utility Company average is 44.63% lower at $73.47 per month. This is the 180th lowest average monthly bill amount for a supplier in the United States. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end users.