Renwick, Iowa Electric Utility

About Renwick, Iowa Electric Utility

Renwick, Iowa Electric Utility is a municipally owned organization serving Renwick, Iowa and other areas of Humboldt County. The provider recently disclosed a total of 251 total customers, 86.45% of which are residential customers, 11.95% are commercial customer accounts and 1.59% are industrial accounts. Renwick, Iowa Electric Utility averages 10.31 cents per kilowatt hour billed to their customers for residential electricity, which is 20.50% lower than the average Iowa rate of 12.97 cents. Of the 4,509 megawatt hours the company sold and dispossessed, 4,121 were via sales to end users. During the same timeframe, the provider purchased 4,509 megawatt hours via the wholesale market. In 2019 they had total electricity related revenue of $587,200, with 98.43% coming from retail sales.

Customers of the provider pay an average monthly residential electric bill of $71.9. This is 24.65% below the Iowa average of $107.24. The supplier does not have ownership in any electricity generation facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other companies.