Sioux Valley Energy

About Sioux Valley Energy

With headquarters in Colman, South Dakota, Sioux Valley Energy supplies electricity to 2 states throughout the US. The company last disclosed a total of 29,416 customers. Exactly 675 of them are industrial accounts, 2,954 are commercial customers and the rest are residential accounts. Sioux Valley Energy averages 13.03 cents per kilowatt hour charged to their patrons for residential electricity. Fortunately for their customers, this price is below the United States average price of 16.22 cents per kilowatt hour. The company sold 933,293 megawatt hours through retail sales in 2023. The electricity sourced by the company is made up primarily of megawatt hours they acquired on the wholesale market. Of the total electricity sourced by the company, whole purchased made up 100.00%. In 2023, they made a total of $99,212,100 from business activities relating to the sale and transfer of electricity. They had revenue of $97,209,900 from retail sales to end users.

The average monthly residential electricity bill for a customer of Sioux Valley Energy is $186.71 per month, while the nationwide average is $143.38. Patrons of the supplier pay 30.22% more compared to the rest of the US. Consumers of the supplier deal with 1.46 electrical outages per year with outages lasting an average of 59.61 minutes. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end customers.