Waverly Utilities

About Waverly Utilities

Waverly Utilities provides electricity to 2 states in the country including cities like Waverly and Waverly. The company is a municipally owned entity. There are 5,118 customer accounts receiving electricity from the supplier. These customer accounts are made up of 1.47% industrial customers, 11.96% commercial properties and 86.58% residential customers. Customers of Waverly Utilities spend, on average, 13.21 cents per kilowatt hour for their electricity, which is 2.50% higher than the average Iowa price of 12.89 cents and 15.52% lower than the nationwide average of 15.64. About 137,540 megawatt hours were sold by the company to retail end users in 2019 and 53,163 megawatt hours were sold to other providers through whole channels. The electricity sourced by Waverly Utilities is made up of multiple electricity sources including 59,243 megawatt hours generated in power plants owned by the company and 135,779 megawatt hours acquired via wholesale channels. Waverly Utilities earned $19,422,000 in 2019. Exactly $3,088,000 of that revenue came from electricity sales on the wholesale energy market and $14,773,000 came from retail electricity sales.

The state average monthly residential electric bill is $106.9, while the Waverly Utilities average is 1.05% lower at $105.51 per month. This is the 99th lowest average monthly bill amount for a provider in the state. Based on megawatt hours produced, Waverly Utilities is the 36th largest provider out of 209 electricity companies in the state. The provider is 23rd out of 178 providers that we track in Iowa for total megawatt hours produced from wind turbines. There are 51,186.67 megawatt hours generated by the supplier from coal usage. This makes them the 198th highest generator in the country out of 3517 electric providers.