Clarke Electric

About Clarke Electric

Clarke Electric serves 8 counties in the state of Iowa including Warren County, Madison County, Union County, Clarke County, and Lucas County. The most recent data reported by the company showed a total customer base of 5,078 customer accounts, 277 of which are commercial properties, 4,800 are residential accounts and one is an industrial account. Clarke Electric has an average residential electricity rate of 14.38 cents per kilowatt hour, which is 10.26% more than Iowa's average price of 13.04 cents. In 2019 the company sold 92.13% of their megawatt hours to end users (known as retail sales) and 1.34% through wholesale channels to other providers. The electricity sourced by the company primarily came from megawatt hours that they acquired on wholesale channels. They purchased 120,865 on the wholesale market. Their total revenue in 2019 from electricity activities was $13,243,300, with 0.88% coming from wholesale electricity sales and 98.70% from retail sales to end users.

The average monthly residential electricity bill for a customer of Clarke Electric is $148.51 per month. Patrons of the supplier are stuck with a 31.53% markup compared to the rest of the state. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates to then be resold to their consumers.