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. Otter Tail Power Company has an average residential electricity rate of 11.52 cents per kilowatt hour, which is 18.35% less than the nationwide average rate of 14.11 cents. This ranks the provider 1179th out of 2923 suppliers in the US for lowest average electricity rate. Approximately 4,776,688 megawatt hours were sold by the supplier to retail customers in 2020 and 242,376 megawatt hours were sold to other suppliers via whole channels. Of the megawatt hours they sourced, 2,514,831 of them were generated by electricity plants owned by the supplier and 2,875,162 megawatt hours were obtained by way of the wholesale market. In 2020, the company made a total of $441,546,900 from business activities relating to the sale and transfer of electricity. They had revenue of $386,364,400 coming from retail sales to end users and $4,857,300 from wholesale electricity sales.

The average monthly residential electricity bill for a customer of Otter Tail Power Company is $115.04, while the nationwide average is $125.95. Customers of the company pay 8.66% less compared to other citizens of the country. Wind turbines operated by the provider generate 1,007,320 megawatt hours, which is 30.91% of the electricity generation by the supplier. They rank 295th out of the 3509 companies we track in the country for their ratio of renewable versus non-renewable fuel sources used. The company is able to generate 5,125 megawatt hours from hydroelectric power facilities, which makes them the 171st largest producer of hydroelectric power out of 3509 companies in the country.