Stanton, Iowa Electric Utility

About Stanton, Iowa Electric Utility

Stanton, Iowa Electric Utility is a municipally owned entity operating in Stanton, Iowa and rural areas of Montgomery County. Electricity suppliers must regularly report their customer counts to government agencies. Most recently the provider listed a total of 383 customers being supplied electricity by the company. Exactly 54 of these customers are commercial properties and 329 are residential accounts. The residential electricity rate for consumers of Stanton, Iowa Electric Utility is, on average, 9.00 cents per kilowatt hour. Luckily for their consumers, this price is less than both the state and the United States average rates of 13.04 and 15.74 cents per kilowatt hour, respectively. There were a total of 7,877 megawatt hours sold through retail sales in 2019 by the provider. During the same timeframe, Stanton, Iowa Electric Utility purchased 8,636 megawatt hours through the wholesale market. In 2019, the total revenue for the company was $660,000, which was earned entirely through electricity sales to retail customers.

The US average monthly residential power bill is $136.59, while the Stanton, Iowa Electric Utility average is 2.92% below at $132.6 per month. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end customers.