Lenox, Iowa Electric Utility

About Lenox, Iowa Electric Utility

Lenox, Iowa Electric Utility serves electricity to Lenox, Iowa and is a municipally owned entity. There are 662 customer accounts who are served by the supplier. These customer accounts are made up of 20.24% commercial customers and 79.76% residential accounts. On average, Lenox, Iowa Electric Utility's residential electricity rate is 12.05 cents per kilowatt hour, which is 7.60% less than Iowa's average rate of 13.04 cents and 23.55% lower than the nationwide average of 15.76 cents. The supplier sold 16,769 megawatt hours through retail sales in 2019. Electricity plants owned by the company generated 214 megawatt hours and an additional 17,436 megawatt hours were acquired via the wholesale electricity market. In 2019, the provider made 96.91% of their revenue from retail electricity sales to end users. Their revenue from all electricity activities was $1,899,300.

Consumers of the company pay an average residential electricity bill of $113.94. This is 15.82% below the nationwide average bill of $135.34. Lenox, Iowa Electric Utility produces 23 megawatt hours from their production plants, which ranks them as the 831st highest generator of electricity of all 3526 companies in the nation. Electricity generation facilities owned or managed by the provider use non-renewable fuels to generate 100.00% of their total electricity generation, or 23 megawatt hours. They rank 66th out of 177 suppliers in Iowa. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale rates from other providers and then resell it at a higher rate to end consumers.