Southern Iowa Elec Cooperative

About Southern Iowa Elec Cooperative

Southern Iowa Elec Cooperative operates in 3 cities throughout Iowa and is considered an electricity cooperative. Electricity companies must regularly report the number of customers they have to government agencies. In the most recent report the company reported 4,998 customers signed up for their services. Exactly 3 of these customers are industrial accounts, 172 are commercial customers and 4,823 are residential accounts. The average residential electricity rate for patrons of Southern Iowa Elec Cooperative is roughly 17.74 cents per kilowatt hour, which is, sadly, 9.37% higher than the average national price of 16.22 cents. They sold 40,450 megawatt hours through wholesale channels to other electricity providers in 2019. The electricity sourced by Southern Iowa Elec Cooperative is made up of primarily wholesale purchased megawatt hours, with 123,169 purchased by the company. In 2019, the supplier made 81.34% of their revenue from retail electricity sales and 18.66%from wholesale customers.

The Iowa average monthly residential electric bill is $107.24, while the Southern Iowa Elec Cooperative average is 54.57% higher at $185.48 per month. Southern Iowa Elec Cooperative ranks 162nd in the state for average monthly bill amount. The provider is not associated with any electricity facilities and all of the megawatt hours that they sell to their customers must be purchased from other providers.