Lake Mills Utilities

About Lake Mills Utilities

Lake Mills Utilities is a municipally owned entity headquartered in Lake Mills, Iowa and serving customers in Iowa. There are 1,249 customer accounts who are receiving electricity from the company. These accounts are made up of 1,071 residential accounts, 154 commercialproperties and 24 industrial customers. The average residential electricity rate for customers of Lake Mills Utilities is around 11.18 cents per kilowatt hour, which is 9.75% below Iowa's average price of 12.39 cents. In 2019 the company sold 90.93% of their disposition via normal retail sales to end users. The electricity sourced by the company is made up of multiple sources of megawatt hours including 246 megawatt hours produced by power facilities owned by the company and 23,877 megawatt hours purchased by way of wholesale channels. In 2019, the supplier had revenue of $2,357,400 from retail electricity sales to end users.

The average residential electricity bill for a consumer of Lake Mills Utilities is $76.74 per month, while the state average is $105.04. Consumers of the supplier have a 23.40% markdown compared to the rest of the state. Lake Mills Utilities produces 77 megawatt hours from their production plants, which ranks them as the 834th highest producer of electricity of all 3510 electricity suppliers in the country. By total customers, Lake Mills Utilities is the 2211th largest company out of 3510 electricity companies in the United States. The supplier generates 614th megawatt hours from non-renewable fuel sources each year, ranking them 68th in Iowa out of 177 suppliers.