McGregor, Iowa Electric Utility

About McGregor, Iowa Electric Utility

McGregor, Iowa Electric Utility is a municipally owned entity providing electricity in McGregor, Iowa. Recently filed reports by the company showed a total customer count of 647 accounts, 496 of which are residential properties, 145 are commercial customers and 6 are industrial properties. On average, McGregor, Iowa Electric Utility's patrons purchase residential electricity for 16.12 cents per kilowatt hour, which is 0.63% below the nationwide average price of 16.22 cents. They had sales of 6,672 megawatt hours in 2019 through retail sales. The electricity sourced by the provider came from a mixture of electricity generation from electricity facilities owned by McGregor, Iowa Electric Utility and supplementary megawatt hours that they purchased via wholesale channels. They purchased 7,111 wholesale megawatt hours. The total revenue for the company for 2019 from electricity sales was $908,300, with $838,100 coming from retail sales to end users.

The Iowa average monthly residential electric bill is $107.24, while the McGregor, Iowa Electric Utility average is 16.93% less at $82.97 per month. This is the 21st lowest average monthly bill amount for a supplier in Iowa. Based on customer count, McGregor, Iowa Electric Utility is the 118th largest company out of 177 providers in the state. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates from other providers to then be resold to their customers. Electricity generation facilities associated with McGregor, Iowa Electric Utility produce a total of 4 megawatt hours, which is the 878th highest in the United States out of 3530 providers.