Vinton Municipal Electric Utilities

About Vinton Municipal Electric Utilities

Vinton Municipal Electric Utilities provides electricity for Vinton, Iowa and is a municipally owned entity. The residential electricity price for consumers of Vinton Municipal Electric Utilities is, on average, 15.01 cents per kilowatt hour, resulting in the company ranking 125th out of 183 suppliers in Iowa and 1901st out of 2885 in the US. The company had total sales and disposition of 42,229 megawatt hours in 2019, of which 90.75% were from retail sales and 2.05% were from wholesale sales. In 2019, they made a total of $4,708,200 from business activities relating to the sale and transfer of electricity. They had revenue of $4,349,700 coming from retail sales to end users and $66,200 from sales to the wholesale electricity market.

The average monthly residential power bill for a consumer of Vinton Municipal Electric Utilities is $108.56 per month. Customers of the company pay 0.92% more compared to the rest of the state. The supplier does not have ownership in any electricity generation facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other providers. Vinton Municipal Electric Utilities is the 2044th largest electricity company out of 3530 providers in the country based on total megawatt hours sold.