Pocahontas, Iowa Electric Utility

About Pocahontas, Iowa Electric Utility

Pocahontas, Iowa Electric Utility provides electricity for Pocahontas, Iowa and is a municipally owned entity. They currently provide electricity to residential, commercial and industrial customer accounts, with a total of 982 residential customers, 214 commercial customers and 15 industrial customers signed on for their services. The average residential electricity price for Pocahontas, Iowa Electric Utility is roughly 11.49 cents per kilowatt hour, which is 29.13% below the nationwide average rate of 16.22 cents. This makes the provider 510th lowest for average electricity price out of 2885 providers in the nation. About 20,995 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 22,348 megawatt hours on the wholesale market. The revenue for Pocahontas, Iowa Electric Utility for 2019 from electricity sales was $2,153,000, with 95.54% coming from retail sales to end users.

Patrons of the provider pay an average residential power bill of $91.47. This is 11.00% less than the state average of $107.24. Electricity generation facilities associated with the provider use non-renewable fuels to generate 100.00% of their total electricity generation, or 10 megawatt hours. They rank 70th in Iowa out of 177 companies. The provider does not have ownership in any electricity generation plants and all of the power that they sell to their customers must be purchased from other providers. Based on customer count, Pocahontas, Iowa Electric Utility is the 2245th largest company out of 3530 providers in the country.