Strawberry Point, Iowa Electric Utility

About Strawberry Point, Iowa Electric Utility

Strawberry Point, Iowa Electric Utility is headquartered in Strawberry Point, Iowa and it provides electricity in the population there. With 750 total consumers, the provider provides electricity to 620 residential customer accounts, 124 commercial customers and 6 industrial customers. The residential electricity rate for patrons of Strawberry Point, Iowa Electric Utility is, on average, 15.34 cents per kilowatt hour, which is 18.26% more than the average Iowa rate of 12.97 cents and 5.40% lower than the nationwide average of 16.22. They had sales of 6,868 megawatt hours in 2019 sold to end users. Electricity generation facilities owned by the company generated 21 megawatt hours and an additional 8,890 megawatt hours were purchased via wholesale channels. They earned $907,000 in 2019. All of that revenue came from retail sales alone.

The average monthly residential electricity bill for a customer of Strawberry Point, Iowa Electric Utility is $100.92. Patrons of the supplier enjoy a 4.41% markdown compared to the rest of the state. 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 consumers. Electricity production plants managed by the company use non-renewable fuel types to generate 100.00% of their total electricity generation, or 12 megawatt hours. They rank 640th in the nation out of 3530 providers. Strawberry Point, Iowa Electric Utility generates 12 megawatt hours from their electricity facilities, ranking them as the 92nd highest producer of electricity out of 177 electricity suppliers in Iowa.