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 690 accounts, 14 of which are industrial accounts, 90 are commercial customers and 586 are residential customers. Lake Park, Iowa Electric Utility averages 13.24 cents per kilowatt hour billed to their customers for residential electricity. While this is more than the state average rate of 12.97 cents per kilowatt hour, it is lower than the US average of 16.22 cents. In 2019 the company had sales to end customers totaling 11,804 megawatt hours. Power generation plants owned by Lake Park, Iowa Electric Utility generated 80 megawatt hours and an additional 12,517 megawatt hours were procured on wholesale channels. In 2019, they made a total of $1,481,000 from business activities relating to the sale and transfer of electricity. They had 89.60% of their revenue coming from retail sales to end users.

The average monthly residential electricity bill for a consumer of Lake Park, Iowa Electric Utility is $110.24, while the state average is $107.24. Consumers of the provider pay 2.09% more compared to the rest of the state. Lake Park, Iowa Electric Utility is ranked as the 81st highest total electricity producer out of 177 providers in the state. Based on total customers, Lake Park, Iowa Electric Utility is the 113th largest supplier out of 177 suppliers in the state. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates from other companies and then resell to their consumers.