Larchwood, Iowa Electric Utility

About Larchwood, Iowa Electric Utility

Larchwood, Iowa Electric Utility is headquartered in Larchwood, Iowa and they serve electricity in the citizens that call Larchwood home. A total of 443 residential customer accounts, 64 commercial customer accounts and 14 industrial accounts receive their electricity from the company. The average residential electricity price for consumers of Larchwood, Iowa Electric Utility is roughly 9.19 cents per kilowatt hour, which is, fortunately, 41.20% below the average nationwide rate of 15.64 cents. Of the 8,897 megawatt hours the company sold and dispossessed, 96.12% were via retail sales. The electricity sourced by the supplier primarily came from megawatt hours that they procured via wholesale channels. They purchased 8,897 megawatt hours on the wholesale market. In 2019, they made a total of $903,900 from business activities relating to the sale and transfer of electricity. All of which came from retail sales to end users.

The nationwide average monthly residential electricity bill is $132.69, while the Larchwood, Iowa Electric Utility average is 27.21% lower at $96.59 per month. This is the 720th lowest average monthly bill amount for a provider in the country. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other suppliers and then resell it to end consumers.