Lake Park, Iowa Electric Utility

About Lake Park, Iowa Electric Utility

Lake Park, Iowa Electric Utility provides electricity in Lake Park, Iowa. Recently, the company reported a customer base of 659 accounts, 14 of which are industrial accounts, 88 are commercial customers and 557 are residential customers. Lake Park, Iowa Electric Utility averages 11.84 cents per kilowatt hour billed to their customers for residential electricity. Thankfully for their customers, this rate is below both the Iowa and the nationwide average prices of 12.89 and 15.64 cents per kilowatt hour, respectively. In 2019 the company sold 11,804 megawatt hours via retail sales to end users. Electricity production and wholesale power purchases made up 0.64% and 99.36%, respectively, of the total electricity sourced. Power plants owned by the company generated 80 megawatt hours and an additional 12,517 megawatt hours were procured by way of wholesale channels. The revenue for Lake Park, Iowa Electric Utility for 2019 from electricity sales was $1,481,000, with 89.60% coming from retail sales to end users.

The average monthly residential electricity bill for a consumer of Lake Park, Iowa Electric Utility is $109.89, while the state average is $106.9. Consumers of the provider pay 2.26% more compared to the rest of the state. Lake Park, Iowa Electric Utility is ranked as the 85th highest total electricity producer out of 178 providers in the state. Based on megawatt hours generated, Lake Park, Iowa Electric Utility is the 85th largest electricity company out of 209 suppliers in the state. The company generates 587th megawatt hours from non-renewable fuels a year. This makes them 587th in the nation out of 3517 companies.