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 738 customer accounts who are served by the supplier. These customer accounts are made up of 19.92% commercial customers and 80.08% residential accounts. On average, Lenox, Iowa Electric Utility's residential electricity rate is 11.70 cents per kilowatt hour, which is 9.21% less than Iowa's average rate of 12.89 cents and 25.17% lower than the nationwide average of 15.64 cents. The supplier sold 16,769 megawatt hours through retail sales in 2019. Electricity plants owned by the company generated 214 megawatt hours and an additional 17,436 megawatt hours were acquired via the wholesale electricity market. In 2019, the provider made 96.91% of their revenue from retail electricity sales to end users. Their revenue from all electricity activities was $1,899,300.

Consumers of the company pay an average residential electricity bill of $118.46. This is 10.73% below the nationwide average bill of $132.69. Lenox, Iowa Electric Utility ranks as the 94th highest total electricity producer in Iowa out of 178 suppliers. Electricity production facilities associated with the provider use non-renewable fuel types to generate 100.00% of their total electricity production, or 23 megawatt hours. They rank 67th in the state out of 178 suppliers. Based on megawatt hours generated, Lenox, Iowa Electric Utility is the 94th largest provider out of 209 suppliers in Iowa.