Otter Tail Power Company

About Otter Tail Power Company

Otter Tail Power Company is an investor owned company located in Fergus Falls, Minnesota and providing power to customers in 3 states in the United States including in major cities like Fargo, Bismarck, Grand Forks, Minot, and West Fargo. Presently, 134,362 consumers are supplied electricity by the supplier. These customers are a mix of 13 industrial locations, 29,811 commercial accounts and 104,538 residential properties. Otter Tail Power Company's customers pay an average residential electricity rate of 10.87 cents per kilowatt hour, which is, luckily for their customers, 30.49% less than the average nationwide price of 15.64 cents. They engaged in both the end user sales and wholesale sales in 2022, with sales to end users adding up to 5,592,368 megawatt hours and wholesale sales to other providers totaling 277,830 megawatt hours. The megawatt hours sourced by the supplier came from a mixture of electricity generation from electricity facilities owned by Otter Tail Power Company and additional megawatt hours that they acquired via wholesale channels. They generated 3,128,315 megawatt hours and purchased 3,241,351 megawatt hours on the wholesale market. In 2022 they had total electricity related revenue of $545,474,500, with 86.27% coming from retail sales and 3.40% from sales to the wholesale market.

The average monthly residential electricity bill for a customer of Otter Tail Power Company is $105.99, while the nationwide average is $132.69. Customers of the company pay 20.12% less compared to other citizens of the country. Wind turbines operated by the provider generate 1,054,559 megawatt hours, which is 30.25% of the electricity generation by the supplier. The company ranks 108th in the United States out of 3517 suppliers for megawatt hours generated from solar. Otter Tail Power Company is the 185th largest electricity company out of 3517 electricity companies in the country based on number of customers.