Paton, Iowa Electric Utility

About Paton, Iowa Electric Utility

Paton, Iowa Electric Utility is a municipally owned entity operating in Paton, Iowa and rural areas of Greene County. Electricity suppliers must regularly report their customer counts to government agencies. Most recently the provider listed a total of 127 customers being supplied electricity by the company. Exactly 16 of these customers are commercial properties and 111 are residential accounts. The residential electricity rate for consumers of Paton, Iowa Electric Utility is, on average, 12.19 cents per kilowatt hour. Luckily for their consumers, this price is less than both the state and the United States average rates of 13.04 and 15.76 cents per kilowatt hour, respectively. There were a total of 2,090 megawatt hours sold through retail sales in 2019 by the provider. During the same timeframe, Paton, Iowa Electric Utility purchased 2,210 megawatt hours through the wholesale market. In 2019, the total revenue for the company was $196,600, which was earned entirely through electricity sales to retail customers.

The US average monthly residential power bill is $135.34, while the Paton, Iowa Electric Utility average is 39.66% below at $81.67 per month. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end customers.