City of Stuart Utilities

About City of Stuart Utilities

City of Stuart Utilities supplies electricity in Stuart, Iowa. They presently provide electricity to residential and commercial customer accounts, with a total of 707 residential customer accounts and 170 commercial customers recently reported to be signed up for their services. The residential electricity rate for patrons of City of Stuart Utilities is, on average, 16.08 cents per kilowatt hour. Unfortunately, this is 23.32% higher than Iowa's average rate of 13.04 cents, which ranks the company 171st lowest for average electricity price out of 183 providers in the state. In 2019 the company sold 90.58% of their total megawatt hours disposed to end users (known as retail sales). Electricity generation and wholesale power purchases made up 0.11% and 99.89%, respectively, of all electricity sourced by the company. Power plants owned by the company produced 17 megawatt hours and an additional 15,567 megawatt hours were procured on the wholesale market. The total revenue for the company for 2019 from electricity sales was $2,019,200, with 95.12% coming from retail sales to end users.

Patrons of the company pay an average residential electric bill of $112.68. This is 5.06% above the state average bill of $105.83. City of Stuart Utilities produces 31 megawatt hours from their generation facilities, which ranks them as the 811th largest producer of electricity in the US out of 3526 suppliers. The supplier currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices from other suppliers and then resell it at a higher rate to end consumers. City of Stuart Utilities is the 100th largest electricity company out of 177 suppliers in the state based on total megawatt hours sold.