Mountain Iron, Minnesota Electric Utility

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About Mountain Iron, Minnesota Electric Utility

Mountain Iron, Minnesota Electric Utility supplies electricity in St. Louis County, Minnesota. A total of 1,108 residential accounts, 142 commercial customers and 4 industrial accounts are provided electricity by the company. Mountain Iron, Minnesota Electric Utility's customers are billed an average residential electricity price of 9.65 cents per kilowatt hour, which is 29.58% below the average Minnesota price of 13.71 cents. Of the 25,549 megawatt hours the provider sold and dispossessed, 25,549 were from sales to end users. The megawatt hours sourced by the provider primarily came from megawatt hours that they acquired via wholesale channels. They purchased 25,549 megawatt hours on the wholesale market. The total revenue for the company in 2019 from electricity sales was $2,638,000, with 99.96% coming from retail sales to end users.

The Minnesota average monthly residential electricity bill is $100.4, while the Mountain Iron, Minnesota Electric Utility average is 24.44% below at $70.83 per month. This is the 14th lowest average monthly bill amount for a supplier in the state. The supplier currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other providers and then resell it to end consumers.

Mountain Iron, Minnesota Electric Utility Rate & Electric Bills

Mountain Iron, Minnesota Electric Utility residential electric rates are highest in January and the highest average bill is in January.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.097/kWh$0.093/kWh$73.08/mo.$70.83/mo.
385th9.65¢Mountain Iron, Minnesota Electric Utility's Average residential price per kWh
208th$70.83Average monthly electricity bill for Mountain Iron, Minnesota Electric Utility's residential customers

Mountain Iron, Minnesota Electric Utility Overview

  • Company Type:Municipal
  • Headquarters:8586 Enterprise Drive South
    Mountain Iron, Minnesota 55768
    United States of America
  • Director/Superintendent:Craig J. Wainio

Mountain Iron, Minnesota Electric Utility Contact

Mountain Iron, Minnesota Electric Utility Service

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Mountain Iron, Minnesota Electric Utility Coverage Map

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Mountain Iron, Minnesota Electric Utility State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Minnesota1,2542,563,000121100%

Mountain Iron, Minnesota Electric Utility County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
St. Louis County200,2311114.63$127.38/mo

Mountain Iron, Minnesota Electric Utility Reviews

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Mountain Iron, Minnesota Electric Utility FAQ:

What is the phone number for Mountain Iron, Minnesota Electric Utility?

The Mountain Iron, Minnesota Electric Utility phone number is (218) 748-7570.

How much is the average bundled bill for Mountain Iron, Minnesota Electric Utility customers each month?

Customers of Mountain Iron, Minnesota Electric Utility pay, on average, a monthly bundled bill of $70.83.

What is the average bundled electricity rate for Mountain Iron, Minnesota Electric Utility customers?

Mountain Iron, Minnesota Electric Utility's current average bundled electricity rate is 9.65 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 13.71 cents and the average national rate of 13.67 cents.

Who is the CEO of Mountain Iron, Minnesota Electric Utility?

Craig J. Wainio is the CEO of Mountain Iron, Minnesota Electric Utility.

Last Reviewed By: Fernando García
Published: 2022-08-01