Spring Valley Public Utilities

About Spring Valley Public Utilities

Spring Valley Public Utilities is a municipally owned entity providing electricity in Spring Valley, Minnesota. There are 1,217 residential customers and 188 commercial customers who are served by the supplier. On average, Spring Valley Public Utilities' residential electricity rate is 21.15 cents per kilowatt hour, which is 33.36% above the average Minnesota price of 15.86 cents and 30.41% higher than the US average of 16.22. They sold 19,338 megawatt hours in 2019 through retail accounts. The electricity they sourced consisted of megawatt hours generated by the company and supplementary megawatt hours that they purchased via wholesale channels. They produced 64 megawatt hours and purchased 20,299 megawatt hours on the wholesale market. In 2019, the supplier made a total of $3,240,600 from business activities relating to the sale and transfer of electricity. They had revenue of $2,802,300 from retail sales to end users.

The national average monthly residential power bill is $143.38, while the Spring Valley Public Utilities average is 11.82% less at $126.44 per month. Electricity production is not handled in house at the company, as they purchase electricity at wholesale rates to then be resold to their consumers. Production by the provider from natural gas totals 39.72 megawatt hours, which is around 26.67% of their total generation. Spring Valley Public Utilities is the 109th largest electricity company out of 163 providers in the state based on number of customers.