Redwood Falls, Minnesota Electric Utility

About Redwood Falls, Minnesota Electric Utility

Redwood Falls, Minnesota Electric Utility serves electricity to Redwood Falls, Minnesota and is a municipally owned entity. Electricity suppliers must regularly report the number of customers they have to government agencies. In the most recent report the supplier reported a total of 2,671 customers signed on to receive electricity from the company. Exactly 41 of these customers are industrial properties, 486 are commercial customers and 2,144 are residential properties. Redwood Falls, Minnesota Electric Utility's average residential electricity price per kilowatt hour is 12.09 cents per kilowatt hour, which is 22.20% below the average state price of 15.54 cents. Of the 66,678 megawatt hours the company sold and dispossessed, 94.76% were via sales to end users. The electricity sourced by the company is made up of multiple sources including megawatt hours they produce and supplementary megawatt hours purchased via the wholesale electricity market. These two categories comprise 5.75% and 94.25%, respectively, of the total electricity sourced. In 2019, they made a total of $6,720,700 from business activities relating to the sale and transfer of electricity. They had revenue of $6,092,500 from retail sales to end users.

Customers of the provider have an average residential electric bill of $107.93. This is 20.25% less than the United States average bill of $135.34. Electricity production is not handled in house at the company, as they purchase power at wholesale rates from other companies and then resell to their end users. Electricity plants owned by Redwood Falls, Minnesota Electric Utility generate 472 megawatt hours, which is the 687th highest total of all providers in the country. The supplier ranks 377th highest in the country out of 3526 companies for total megawatt hours produced from the burning of natural gas.