Olivia, Minnesota Electric Utility

About Olivia, Minnesota Electric Utility

Olivia, Minnesota Electric Utility provides electricity for Olivia, Minnesota and is a municipally owned entity. They currently provide electricity to residential, commercial and industrial customer accounts, with a total of 1,071 residential customers, 201 commercial customers and 15 industrial customers signed on for their services. The average residential electricity price for Olivia, Minnesota Electric Utility is roughly 9.82 cents per kilowatt hour, which is 37.19% below the nationwide average rate of 15.64 cents. This makes the provider 320th lowest for average electricity price out of 2893 providers in the nation. About 26,778 megawatt hours were sold by the supplier to retail customers in 2019. The electricity sourced by the supplier primarily came from megawatt hours that they acquired by way of wholesale channels. They purchased 29,675 megawatt hours on the wholesale market. Their total revenue for 2019 was $2,675,900 and came from sales to retail electricity customers alone.

Patrons of the provider pay an average residential power bill of $90.45. This is 12.89% less than the state average of $107.55. The provider does not have ownership in any electricity generation facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other providers.