Luverne, Minnesota Electric Utility

About Luverne, Minnesota Electric Utility

Luverne, Minnesota Electric Utility serves electricity to Luverne, Minnesota and is a municipally owned entity. There are 2,667 customer accounts who are served by the supplier. These customer accounts are made up of 0.07% industrial customers, 17.74% commercial properties and 82.19% residential properties. On average, Luverne, Minnesota Electric Utility's patrons purchase residential electricity for 12.01 cents per kilowatt hour. Fortunately for their customers, this price is lower than both the Minnesota and the nationwide average rates of 15.86 and 16.22 cents per kilowatt hour, respectively. Approximately 73,566 megawatt hours were sold by the provider to retail end users in 2019. The electricity sourced by Luverne, Minnesota Electric Utility is made up primarily of megawatt hours they procured on wholesale channels. Of the electricity sourced by the company, whole purchased made up 100.00%. The total revenue of the provider in 2019 was $6,871,600, which was earned entirely through electricity sales to retail customers.

Consumers of the company pay an average residential electricity bill of $119.18. This is 16.88% below the nationwide average bill of $143.38. Luverne, Minnesota Electric Utility produces 68 megawatt hours from their production plants, which ranks them as the 754th 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 68 megawatt hours. They rank 32nd out of 163 suppliers in Minnesota. 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.