City of Pierre Utilities

About City of Pierre Utilities

City of Pierre Utilities is a municipally owned organization providing electricity in Pierre, South Dakota and other areas of Hughes County. At the moment, 7,341 customers receive their electricity from the provider. These customers are a mix of 6,135 residential customers, 1,043 commercial customers and 163 industrial accounts. City of Pierre Utilities charges their customers a residential electricity rate of 10.23 cents per kilowatt hour on average, which is 35.05% lower than the national average rate of 15.76 cents. This ranks the company 313th out of 2892 companies in the nation for lowest average electricity price. The company sold 168,622 megawatt hours through retail sales in 2022. The electricity sourced by the company is made up primarily of megawatt hours they acquired on the wholesale market. Of the total electricity sourced by the company, whole purchased made up 100.00%. In 2022, they made a total of $16,222,900 from business activities relating to the sale and transfer of electricity. They had revenue of $14,840,100 from retail sales to end users.

The average monthly residential electricity bill for a customer of City of Pierre Utilities is $92.79 per month, while the South Dakota average is $120.95. Patrons of the supplier pay 20.80% less compared to other residents of South Dakota. The supplier 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.