Neola, Iowa Electric Utility

About Neola, Iowa Electric Utility

Neola, Iowa Electric Utility provides electricity in Neola, Iowa. There are a total of 485 customer accounts who are receiving electricity from the company. These accounts are made up of 418 residential customer accounts and 67 commercial accounts. On average, Neola, Iowa Electric Utility's residential electricity rate is 23.27 cents per kilowatt hour, which is, unfortunately, 43.47% higher than the average nationwide rate of 16.22 cents. The company sold 4,710 megawatt hours in 2019 through traditional retail accounts. Wholesale power purchases made up 100.00% of the total electricity sourced by the company and 4,710 megawatt hours were procured via wholesale channels. They earned $644,000 in total revenue in 2019, which all came from retail electricity sales.

Patrons of the supplier pay an average monthly residential electric bill of $174.22. This is 21.51% higher than the national average bill of $143.38. The supplier is not associated with any power facilities and all of the electricity that they sell to their customers must be purchased from other providers.