Milford Electric

Electricity Rates, Plans & Statistics

Spike in Electricity Bill?

Reduce or replace your electricity bill with solar for as low as $0 down and $79/mo

About Milford Electric

Milford Electric provides electricity in Milford, Iowa. There are a total of 1,583 customer accounts who are receiving electricity from the company. These accounts are made up of 39 industrial properties, 329 commercial accounts and 1,215 residential properties. Milford Electric's average residential electricity rate per kilowatt hour is 10.88 cents per kilowatt hour, which is 12.19% below Iowa's average price of 12.39 cents and 20.65% below the US average of 13.71 cents. In 2019 Milford Electric sold 93.80% of their megawatt hours via normal retail sales to end users and 2.16% to other companies on the wholesale market. Electricity plants owned by the company produced 5,414 megawatt hours and an additional 29,398 megawatt hours were procured on the wholesale market. Their total revenue for 2019 from electricity activities was $4,318,000, with 76.66% coming from retail sales to end users and 8.87% from wholesale electricity sales.

Patrons of the supplier pay an average residential electricity bill of $108.3. This is 10.66% less than the national average of $121.23. Electricity production plants associated with the company use non-renewable fuels to generate 100.00% of their total electricity production, or 5,398.98 megawatt hours. This total ranks them at 390th in the United States out of 3509 providers. The company ranks as the 27th highest producer of megawatt hours created using coal out of 177 electricity providers in the state. Electricity production plants owned or managed by Milford Electric generate a total of 5,398.98 megawatt hours, which is the 50th highest amount of all providers in the state.

Milford Electric Net Metering

Consumers of Milford Electric have the ability to use net metering. This is a positive for any customer considering installing private solar panels, as net metering allows them to sell their excess megawatt hours back into the grid.

Milford Electric Rate & Electric Bills

Milford Electric residential electric rates are highest in January and the highest average bill is in January.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.109/kWh$0.104/kWh$109.83/mo.$99.81/mo.
866th10.88¢Milford Electric's Average residential price per kWh
1372nd$108.3Average monthly electricity bill for Milford Electric's residential customers

Milford Electric Overview

  • Company Type:Municipal
  • Headquarters:806 North Avenue
    Milford, Iowa 51351
    United States of America
  • Director/Superintendent:LeAnn Reinsbach

Milford Electric Contact

Milford Electric Service

Go Solar for as low as $79/mo - $0 down + flexible financing

Quick Facts About Milford Electric

Milford Electric is the 2145th largest supplier out of 3509 electricity companies in the US based on total megawatt hours sold.

Milford Electric Energy Makeup

Milford Electric Coverage Map

Coverage Map Placeholder

Milford Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Iowa1,5833,279,00065100%

Milford Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Dickinson County17,703513.22$177.07/mo

Power Plants Owned by Milford Electric

Milford Electric Fuel Makeup

COAL
Coal
Coal
Coal
Coal
Coal
Coal
Coal
Coal
Coal
89.09%
DISTILLATE FUEL OIL
Distillate Fuel Oil
Distillate Fuel Oil
10.91%

Milford Electric Reviews

Write a Review of Milford Electric

Milford Electric FAQ:

Who is the CEO of Milford Electric?

The CEO of Milford Electric is LeAnn Reinsbach.

What is the average bundled bill for Milford Electric customers each month?

Consumers of Milford Electric pay, on average, a monthly bundled bill of $108.30.

What percentage of Milford Electric's electricity is produced using nonrenewable fuels?

Milford Electric produces 100.00% of their electricity from nonrenewable fuels.

What is the phone number for Milford Electric?

Milford Electric's customer service phone number is (712) 338-2741

What percentage of Milford Electric's electricity is generated from renewable fuel sources?

Milford Electric produces 0% of their electricity from renewable fuels.

What is the average bundled electricity rate for Milford Electric customers?

Milford Electric's current average bundled electricity rate is 10.88 cents per kilowatt hour (¢/kWh), compared to the average Iowa bundled rate of 12.39 cents and the average nationwide rate of 13.71 cents.

How many power plants are owned by or associated with Milford Electric?

There are 2 power plants owned by or associated with Milford Electric.

Last Reviewed By: Ginalyn Gelera
Published: 2022-08-16