Tipton Utilities

About Tipton Utilities

Tipton Utilities is headquartered in Tipton, Iowa and it serves electricity in the citizens that call the city home. There are 1,502 residential customer accounts, 375 commercial customer accounts and 8 industrial customers receiving service from the company. On average, Tipton Utilities charges their customers a residential electricity rate of 10.59 cents per kilowatt hour. Thankfully, this is 18.64% less than the state's average rate of 13.02 cents, resulting in the company ranking 27th best for average electricity rate out of 183 companies in Iowa. Tipton Utilities had total sales and disposition of 35,389 megawatt hours in 2019, of which 98.78% were via sales to end users. The electricity produced in the company's power plants made up 0.53% of the electricity sourced by the company. The purchase of wholesale electricity made up an additional 99.47%. Their total revenue in 2019 from electricity activities was $3,595,000, the entirety of which came from retail sales to end users.

The national average monthly residential power bill is $141.25, while the Tipton Utilities average is 50.09% less at $70.5 per month. The supplier produces a total of 13,109.61 megawatt hours from coal use. By customer count, Tipton Utilities is the 62nd largest provider out of 177 suppliers in the state. Electricity production plants owned or managed by the supplier use non-renewable fuel types to generate 100.00% of their total electricity production, or 13,338.08 megawatt hours. They rank 26th in the state out of 177 companies.