Remsen, Iowa Electric Utility

About Remsen, Iowa Electric Utility

Remsen, Iowa Electric Utility is a municipally owned organization serving Remsen, Iowa and rural areas of Plymouth County. The provider has 699 residential accounts, 143 commercial customer accounts and 34 industrial customer accounts. On average, Remsen, Iowa Electric Utility's residential electricity price is 11.01 cents per kilowatt hour, which is 14.52% lower than the average state rate of 12.89 cents. In 2019 they sold 99.49% of their disposition to end users (known as retail sales). The electricity sourced by Remsen, Iowa Electric Utility is made up primarily of megawatt hours they purchased by way of wholesale channels. This category makes up 100.00% of all electricity sourced by the company. In 2019, the company made a total of $1,575,000 from business activities relating to the sale and transfer of electricity. They had 98.60% of their revenue coming from retail sales to end users.

The Iowa average monthly residential electricity bill is $106.9, while the Remsen, Iowa Electric Utility average is 8.07% less at $96.19 per month. This is the 72nd lowest average monthly bill amount for a supplier in the state. The supplier does not have ownership in any power facilities and all of the megawatt hours that they sell to their consumers must be purchased from other suppliers.