Sioux Center, Iowa Electric Utility

About Sioux Center, Iowa Electric Utility

Sioux Center, Iowa Electric Utility provides electricity in Sioux County, Iowa. The supplier recently disclosed a total of 45 industrial customer accounts, 439 commercial customers and 2,101 residential customers. This is the sum of their customers. Sioux Center, Iowa Electric Utility's customers are billed an average residential electricity rate of 9.66 cents per kilowatt hour, which is 25.88% lower than the average state rate of 13.04 cents and 38.68% less than the national average of 15.76. There were a total of 124,079 megawatt hours sold to retail consumers in 2019 by the company. The electricity sourced by the company is made up primarily of megawatt hours they acquired on the wholesale market. This category comprises 100.00% of all electricity sourced by the company. The provider earned $10,313,800 in total revenue from electricity-related activities in 2019 through sales to retail end-users alone.

The United States average monthly residential electricity bill is $135.34, while the Sioux Center, Iowa Electric Utility average is 29.88% below at $94.91 per month. This is the 701st lowest average monthly bill amount for a provider in the nation. The provider currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it to end consumers.