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 11.42 cents per kilowatt hour, which is 10.69% below Iowa's average price of 12.79 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 $77.14 per month, while the state average is $107.97. Consumers of the supplier have a 23.56% markdown compared to the rest of the state. The provider does not have ownership in any electricity generation facilities and all of the power that they sell to their customers must be purchased from other providers. By total customers, Lake Mills Utilities is the 77th largest company out of 177 suppliers in the state. Electricity generation facilities managed by the provider use non-renewable fuel types to generate 100.00% of their total electricity production, or 77 megawatt hours. They rank 620th in the country out of 3509 suppliers.