Lyon Rural Electric Cooperative

About Lyon Rural Electric Cooperative

Lyon Rural Electric Cooperative is headquartered in Rock Rapids, Iowa and provides electricity in 2 counties in the state. The supplier last disclosed a total of 2,297 customers, 2,210 of which are residential properties and 87 of which are commercial accounts. Lyon Rural Electric Cooperative bills their patrons a residential electricity price of 10.14 cents per kilowatt hour on average. This is, luckily, 21.31% less than the state's average rate of 12.89 cents. Of the 125,289 megawatt hours Lyon Rural Electric Cooperative sold and dispossessed, 7.10% were by way of wholesale channels. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 125,289 megawatt hours purchased by the company. Their total revenue in 2019 from electricity activities was $10,980,000, with $669,000 coming from wholesale electricity sales and $10,301,000 from retail sales to end users.

The average residential power bill for a consumer of Lyon Rural Electric Cooperative is $277.5 per month. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it to end users.