Lenox, Iowa Electric Utility

About Lenox, Iowa Electric Utility

Lenox, Iowa Electric Utility serves electricity to Lenox, Iowa and is a municipally owned entity. There are 772 customer accounts who are served by the supplier. These customer accounts are made up of 19.69% commercial customers and 80.31% residential accounts. On average, Lenox, Iowa Electric Utility's residential electricity rate is 14.30 cents per kilowatt hour. This is 11.82% lower than the US average rate of 16.22 cents. They sold 16,769 megawatt hours by way of retail sales in 2019. The electricity sourced by the company is made up of multiple sources including megawatt hours they produce in their power facilities and additional megawatt hours procured by way of wholesale channels. Of the total electricity sourced these two categories make up 1.21% and 98.79%, respectively. The total revenue for Lenox, Iowa Electric Utility in 2019 from electricity sales was $1,899,300, with 96.91% coming from retail sales to end users.

Consumers of the company pay an average residential electricity bill of $142.16. This is 0.85% below the nationwide average bill of $143.38. Lenox, Iowa Electric Utility produces 12 megawatt hours from their production plants, which ranks them as the 855th highest generator of electricity of all 3530 companies in the nation. Electricity generation facilities owned or managed by the provider use non-renewable fuels to generate 100.00% of their total electricity generation, or 12 megawatt hours. They rank 66th out of 177 suppliers in Iowa. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale rates from other providers and then resell it at a higher rate to end consumers.