Stephen, Minnesota Electric Utility

About Stephen, Minnesota Electric Utility

Stephen, Minnesota Electric Utility is a municipally owned organization providing electricity in Marshall County, Minnesota. A total of 354 customers (270 residential properties, 79 commercial customers and 5 industrial accounts) are provided electricity by the supplier. Stephen, Minnesota Electric Utility bills their consumers a residential electricity rate of 11.55 cents per kilowatt hour on average. Thankfully for their consumers, this rate is lower than both the state and United States average prices of 15.86 and 16.06 cents per kilowatt hour, respectively. In 2019 they sold 98.54% of their total megawatt hours disposed via normal retail sales to end users. Wholesale power purchases made up 100.00% of the total electricity sourced by the company . Exactly 7,597 megawatt hours were acquired by way of the wholesale electricity market. Their total revenue for 2019 from electricity related activities was $919,000, with 99.88% coming from retail sales to end users.

The average monthly residential electric bill for a consumer of Stephen, Minnesota Electric Utility is $145.76 per month. Patrons of the company are stuck with a 4.66% higher bill compared to the rest of the United States. The company is not associated with any electricity generation facilities and all of the power that they sell to their customers must be purchased wholesale from other suppliers.