Midland Power Coop

About Midland Power Coop

Midland Power Coop provides electricity to 17 cities throughout Iowa. Electricity providers must regularly report the number of customers they have to government agencies. Most recently the company listed a total of 23 industrial customers, 598 commercial accounts and 11,683 residential customers signed on for their services. This is the sum of their customers. Customers of Midland Power Coop are charged an average residential electricity rate of 12.60 cents per kilowatt hour, which is 2.25% lower than the state's average price of 12.89 cents and 19.44% less than the nationwide average of 15.64 cents. In 2022 the company sold 5.24% of their total megawatt hours disposed through wholesale channels to other companies. The electricity sourced by the company is made up primarily of megawatt hours they purchased on the wholesale market. Of the electricity sourced whole purchased made up 100.00%. In 2022 the company had total electricity related revenue of $52,151,000, with 95.76% from retail sales and 4.07% from wholesale electricity sales.

The nationwide average monthly residential electric bill is $132.69, while the Midland Power Coop average is 47.59% more at $195.85 per month. Midland Power Coop is the 2837th ranked company in the United States for average monthly bill amount. Customers of the company have 1.22 power outages on average each year, with outages lasting around 146.25 minutes on average. The national averages for outages and duration are 1.27 outages at 137.24 minutes each. Electricity generation is not part of the Midland Power Coop business model, as they purchase electricity at wholesale rates from other providers and then resell to their consumers.