Wall Lake, Iowa Electric Utility

About Wall Lake, Iowa Electric Utility

Wall Lake, Iowa Electric Utility provides electricity for Wall Lake, Iowa and is a municipally owned entity. They currently provide electricity to residential, commercial and industrial customer accounts, with a total of 416 residential customers, 94 commercial customers and 18 industrial customers signed on for their services. The average residential electricity price for Wall Lake, Iowa Electric Utility is roughly 9.81 cents per kilowatt hour, which is 37.26% below the nationwide average rate of 15.64 cents. This makes the provider 318th lowest for average electricity price out of 2893 providers in the nation. About 8,935 megawatt hours were sold by the supplier to retail customers in 2019. The electricity sourced consisted of megawatt hours produced by the company at electricity plants they own and additional megawatt hours purchased on the wholesale electricity market. They purchased 7,894 wholesale megawatt hours. In 2019, the provider earned 93.36% of their revenue from retail electricity sales to end users. Their total revenue from all electricity activities was $903,000.

Patrons of the provider pay an average residential power bill of $94.33. This is 9.47% less than the state average of $106.9. The provider 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.