Stratford, Iowa Electric Utility

About Stratford, Iowa Electric Utility

Stratford, Iowa Electric Utility is a municipally owned entity serving Stratford, Iowa and other areas of Hamilton County. At the time of the most recent government reports, the supplier showed a total of 401 electricity customers being supplied electricity by the company. This total is made up of 308 residential accounts and 93 commercial customer accounts. On average, Stratford, Iowa Electric Utility's residential electricity rate is 13.36 cents per kilowatt hour, which is 3.67% higher than the average Iowa price of 12.89 cents and 14.56% less than the US average of 15.64. Of the 5,054 megawatt hours the company sold and dispossessed, 4,640 were from sales to end users. The electricity sourced by the company is made up of multiple electricity sources including 2 megawatt hours generated at power plants they own and 5,178 megawatt hours acquired by way of the wholesale market. They made $582,900 in total revenue in 2019 through retail electricity sales alone.

The national average monthly residential electric bill is $132.69, while the Stratford, Iowa Electric Utility average is 25.76% less at $98.52 per month. This is the 772nd lowest average monthly bill amount for a supplier in the country. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it to end consumers.