Preston, Iowa Electric Utility

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Preston, Iowa Electric Utility Rate & Electric Bills

Preston, Iowa Electric Utility residential electric rates are highest in January and the highest average bill is in February.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.164/kWh$0.125/kWh$110.10/mo.$84.75/mo.
2542nd15.15¢Preston, Iowa Electric Utility's Average residential price per kWh
1375th$108.37Average monthly electricity bill for Preston, Iowa Electric Utility's residential customers

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.

Preston, Iowa Electric Utility Net Metering

Preston, Iowa Electric Utility allows customers of the company to participate in net metering programs. Without net metering, solar panel purchased are significantly less attractive economically, as citizens have no way to sell extra energy back to their electric company.

Energy Loss

All companies who generate electricity have some energy loss via heat dissipation or alternative causes. Preston, Iowa Electric Utility is no different, as they average a yearly loss of approximately 4.64% of the total electricity they generate. This percentage of loss results in them receiving a ranking of 804th best out of 3510 suppliers who report energy loss in the country and 25th best out of 177 in Iowa.

Preston, Iowa Electric Utility Overview

  • Company Type:Municipal
  • Headquarters:1 West Gillet Street
    Preston, Iowa 52069
    United States of America
  • Director/Superintendent:Tyler Sieverding

Preston, Iowa Electric Utility Contact

Preston, Iowa Electric Utility Service

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    Quick Facts About Preston, Iowa Electric Utility

    By customer count, Preston, Iowa Electric Utility is the 2566th largest provider out of 3510 providers in the country.

    Energy provider of the year for Iowa, Major Provider Category
    Top 3 Lowest Energy Loss
    Iowa, Major Provider Category
    Claim Award

    Energy Loss

    Preston, Iowa Electric Utility's energy loss due to business operations.

    -4.64%

    Total Energy Loss

    346MWh

    804 National Rank

    Preston, Iowa Electric Utility Energy Makeup

    Preston, Iowa Electric Utility Coverage Map

    Coverage Map Placeholder

    Preston, Iowa Electric Utility State Coverage

    StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
    Iowa591999,600122100%

    Preston, Iowa Electric Utility County Coverage

    CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
    Jackson County19,485612.53$110.68/mo

    Power Plants Owned by Preston, Iowa Electric Utility

    PlantCity/CountyStatePrimary Fuel TypeProduction (MWh)Emission (kg)Emissions/MWhToxic Chemical ReleaseClosing Date
    Preston IA Natural Gas 2239,983.081,817.41

    Preston, Iowa Electric Utility Fuel Makeup

    NATURAL GAS
    Natural Gas
    Natural Gas
    Natural Gas
    Natural Gas
    Natural Gas
    Natural Gas
    Natural Gas
    Natural Gas
    75.02%
    DISTILLATE FUEL OIL
    Distillate Fuel Oil
    Distillate Fuel Oil
    Distillate Fuel Oil
    24.98%

    Preston, Iowa Electric Utility Reviews

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    Preston, Iowa Electric Utility FAQ:

    What is the average bundled electricity rate for Preston, Iowa Electric Utility customers?

    Customers of Preston, Iowa Electric Utility, on average, have an electricity bundled rate 15.15 cents per kilowatt hour (¢/kWh).

    Who is the CEO of Preston, Iowa Electric Utility?

    The current CEO of Preston, Iowa Electric Utility is Tyler Sieverding.

    What is the average bundled bill for Preston, Iowa Electric Utility customers each month?

    Customers of Preston, Iowa Electric Utility pay, on average, a monthly bundled bill of $108.37.

    How many power plants are owned by or associated with Preston, Iowa Electric Utility?

    Preston, Iowa Electric Utility owns or is associated with one power plant.

    What percentage of Preston, Iowa Electric Utility's electricity is generated using nonrenewable fuels?

    Preston, Iowa Electric Utility produces 100.00% of their electricity from nonrenewable fuels.

    What percentage of Preston, Iowa Electric Utility's electricity is produced from renewable fuel types?

    Electric facilities owned by or associated with Preston, Iowa Electric Utility generate 0% of their electricity from renewable fuels.

    What is the phone number for Preston, Iowa Electric Utility?

    Preston, Iowa Electric Utility's customer service phone number is (563) 689-3081

    Last Reviewed By: King Manalo
    Published: 2022-08-01