Southwest Iowa REC

About Southwest Iowa REC

Southwest Iowa REC is an electricity cooperative headquartered in Corning, Iowa and supplying power to customers in Iowa. Southwest Iowa REC's customers spend, on average, 13.68 cents per kilowatt hour for their electricity. While this is above the Iowa average price of 13.04 cents per kilowatt hour, it is less than the US average of 15.74 cents. The company participated in both the end user sales and wholesale sales in 2019, with sales to end users totaling 108,165 megawatt hours and wholesale sales to other companies adding up to 3,554 megawatt hours. The electricity sourced by the supplier primarily came from megawatt hours that they procured on wholesale channels. They purchased 118,904 megawatt hours on the wholesale market. In 2019, the provider made a total of $12,401,800 from business activities relating to the sale and transfer of electricity. They had revenue of $256,300 coming from sales to the wholesale market.

Patrons of the company pay an average monthly residential electricity bill of $143.22. This is 26.55% more than the state average of $106.96. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates and then resell to their end users.