Redwood Falls, Minnesota Electric Utility

About Redwood Falls, Minnesota Electric Utility

Redwood Falls, Minnesota Electric Utility serves electricity to Redwood Falls, Minnesota and is a municipally owned entity. Electricity suppliers must regularly report the number of customers they have to government agencies. In the most recent report the supplier reported a total of 2,976 customers signed on to receive electricity from the company. Exactly 50 of these customers are industrial properties, 558 are commercial customers and 2,368 are residential properties. Redwood Falls, Minnesota Electric Utility's average residential electricity price per kilowatt hour is 13.56 cents per kilowatt hour, which is 14.52% below the average state price of 15.86 cents. Of the 66,678 megawatt hours the company sold and dispossessed, 94.76% were via sales to end users. The electricity sourced by the company is made up of multiple sources including megawatt hours they produce and supplementary megawatt hours purchased via the wholesale electricity market. These two categories comprise 5.75% and 94.25%, respectively, of the total electricity sourced. In 2019, they made a total of $6,720,700 from business activities relating to the sale and transfer of electricity. They had revenue of $6,092,500 from retail sales to end users.

Customers of the provider have an average residential electric bill of $124.61. This is 13.09% less than the United States average bill of $143.38. Electricity production plants associated with or owned by Redwood Falls, Minnesota Electric Utility produce a total of 1,074 megawatt hours, which is the 66th highest in Minnesota out of 3530 companies. Redwood Falls, Minnesota Electric Utility is the 80th largest supplier out of 163 suppliers in Minnesota based on number of customers. The supplier's electricity generating plants have output of 304.18 megawatt hours using natural gas. This amount makes them 19th highest out of 163 cities in Minnesota for total natural gas production.