Preston, Iowa Electric Utility

About Preston, Iowa Electric Utility

Preston, Iowa Electric Utility is a municipally owned organization serving Preston, Iowa. There are a total of 591 customers receiving service from the supplier. These customers are made up of 446 residential customers and 145 commercial properties. On average, Preston, Iowa Electric Utility bills their customers a residential electricity rate of 15.15 cents per kilowatt hour. This is 22.32% more than the state's average price of 12.39 cents, resulting in the company ranking 172nd out of 183 suppliers in the state for lowest average electricity rate. In 2020 Preston, Iowa Electric Utility had retail sales of 7,110 megawatt hours. The electricity sourced by Preston, Iowa Electric Utility is made up of primarily wholesale purchased megawatt hours, with 7,456 megawatt hours purchased by the company. They earned $999,600 in 2020 from retail sales alone.

The state average monthly residential electricity bill is $105.04, while the Preston, Iowa Electric Utility average is 2.75% higher at $108.37 per month. Preston, Iowa Electric Utility is the 118th ranked supplier in the state for average monthly bill total. Electricity production facilities owned or managed by the provider use non-renewable fuels to generate 100.00% of their total electricity production, or 22 megawatt hours. They rank 659th in the country out of 3510 companies. Preston, Iowa Electric Utility produces 22 megawatt hours from their generation facilities, which ranks them as the 875th highest generator of electricity of all 3510 suppliers in the United States. Production by the company from natural gas totals 16.5 megawatt hours, which is about 75.02% of their total generation.