Spencer Municipal Utilities

About Spencer Municipal Utilities

Spencer Municipal Utilities provides electricity in Spencer, Iowa. At the time of the most recent government reports, the supplier had a total of 6,480 electricity customers receiving their services. This total is made up of 0.05% industrial customer accounts, 16.68% commercial accounts and 83.27% residential accounts. Patrons of Spencer Municipal Utilities are charged an average residential electricity price of 8.37 cents per kilowatt hour. Fortunately, this is 35.05% below the state's average rate of 12.89 cents, which ranks the supplier 6th best for average electricity rate out of 183 companies in Iowa. Of the 268,505 megawatt hours Spencer Municipal Utilities sold and dispossessed, 96,407 were via wholesale channels. Power plants owned by the company generated 64,517 megawatt hours and an additional 203,988 megawatt hours were purchased by way of the wholesale electricity market. In 2019, the supplier had revenue of $12,249,800 from retail electricity sales and $1,933,600 on the wholesale electricity market.

The average monthly residential power bill for a consumer of Spencer Municipal Utilities is $92.15. Patrons of the company enjoy a 11.11% markdown compared to the rest of the state. Generation by the provider from natural gas totals 63.12 megawatt hours, which is about 0.15% of their total generation. Electricity production facilities owned by the company use non-renewable fuel sources to generate 100.00% of their total electricity production, or 43,030.17 megawatt hours. This amount ranks them at 19th out of 178 providers in Iowa. The supplier ranks as the 202nd highest producer of megawatt hours created using coal out of 3517 electricity providers in the country.