Utilities listed
25
Iowa, 2025
Homes counted
1.46 million
Residential customers
Average price
13.62 cents
Per kWh, Iowa
Average bill
$117.30
Per month
Utilities serving Iowa homes
| Utility | Type | Homes in IA | Cents per kWh | Monthly bill |
|---|---|---|---|---|
| MidAmerican Energy | Investor-owned | 639,558 | 11.08 | $90.99 |
| Interstate Power and Light (Alliant Energy) | Investor-owned | 419,451 | 17.77 | $131.38 |
| Corridor Energy Cooperative | Cooperative | 30,992 | 14.18 | $125.74 |
| City of Ames | Municipal | 25,123 | 12.12 | $72.36 |
| Eastern Iowa Light and Power Cooperative | Cooperative | 20,472 | 14.81 | $177.31 |
| Cedar Falls Utilities | Municipal | 17,746 | 11.56 | $96.58 |
| Midland Power Cooperative | Cooperative | 12,083 | 13.66 | $202.01 |
| Maquoketa Valley Rrl Electric Cooperative | Cooperative | 11,161 | 13.80 | $153.48 |
| Board of Water Electric and Communications | Municipal | 10,105 | 12.89 | $107.43 |
| Iowa Lakes Electric Cooperative | Cooperative | 9,757 | 13.78 | $209.52 |
| North West Rural Electric Cooperative | Cooperative | 9,461 | 9.42 | $216.47 |
| Access Energy Cooperative | Cooperative | 8,890 | 14.81 | $162.68 |
| East-Central Iowa Rural Electric Cooperative | Cooperative | 7,417 | 13.13 | $186.49 |
| Consumers Energy Cooperative | Cooperative | 7,121 | 14.85 | $160.49 |
| MiEnergy Cooperative | Cooperative | 6,023 | 16.99 | $169.02 |
| Heartland Power Cooperative | Cooperative | 4,357 | 12.84 | $208.35 |
| Butler County Rural Electric Cooperative | Cooperative | 3,903 | 14.50 | $208.64 |
| Prairie Energy Cooperative | Cooperative | 3,433 | 14.14 | $192.71 |
| City of Maquoketa | Municipal | 2,804 | 13.56 | $98.43 |
| City of Independence | Municipal | 2,737 | 14.45 | $97.65 |
| Amana Society Service | Investor-owned | 709 | 17.02 | $142.22 |
| City of Coon Rapids -(IA) | Municipal | 630 | 9.78 | $99.84 |
| City of Preston | Municipal | 502 | 13.75 | $92.28 |
| Federated Rural Electric Association | Cooperative | 53 | 12.81 | $160.10 |
| Freeborn Mower Electric Cooperative | Cooperative | 6 | 15.27 | $136.39 |
Source: U.S. Energy Information Administration, Form EIA-861 (final 2025 data). Homes in IA counts only the customers in this state. Price and bill cover the utility's whole territory and bundled customers only. Delivery only means the utility carries power but does not sell it.
Who owns Iowa's electric companies
| Type | Utilities | Homes in IA | Share of homes |
|---|---|---|---|
| Investor-owned utility | 3 | 1,059,718 | 84.5% |
| Municipal utility | 7 | 59,647 | 4.8% |
| Electric cooperative | 15 | 135,129 | 10.8% |
Each type is run differently. An investor-owned company answers to shareholders and a state commission. A municipal utility answers to a city. A cooperative answers to its members. That is why the same state can have very different prices and service from one address to the next.
What Iowa utilities charge, by type
| Type | Utilities with a price | Average cents per kWh |
|---|---|---|
| Investor-owned utility | 3 | 13.39 |
| Municipal utility | 7 | 12.22 |
| Electric cooperative | 15 | 13.95 |
Source: U.S. Energy Information Administration, Form EIA-861 (final 2025 data). Customer-weighted average of the prices utilities report for bundled residential service. It leaves out delivery-only customers and retail providers.
Outside the investor-owned companies, the largest municipal utility is City of Ames (25,123 homes), and the largest electric cooperative is Corridor Energy Cooperative (30,992 homes).
Price differences between types come from costs, customer density and the way each type is financed, so a lower average does not decide which is better for your home.
Utilities with full profiles
These Iowa utilities are among the 600 largest in the country, and each has a profile with its service area, reliability and rate options.
- ProfileMidAmerican Energy717 thousand homes. Investor-owned.Open
- ProfileAlliant Energy419 thousand homes. Investor-owned.Open
- ProfileCorridor Energy Cooperative31 thousand homes. Cooperative.Open
- ProfileCity of Ames25 thousand homes. Municipal.Open
- ProfileEastern Iowa Light and Power Cooperative20 thousand homes. Cooperative.Open
- ProfileMiEnergy Cooperative21 thousand homes. Cooperative.Open
How Iowa compares
The statewide average residential price is 13.62 cents per kWh and the average bill is $117.30 a month. See the full breakdown, rankings and neighbors on the Iowa electricity rates page. Among utilities with at least 10,000 bundled residential customers, average prices ran from 11.08 cents at MidAmerican Energy to 17.77 cents at Alliant Energy.
Can you switch electric companies in Iowa?
Most households cannot choose. The company that serves your address is set by where you live. Regulation and complaints go through the Iowa Utilities Commission.
Find yours
Not sure which one serves you?
Iowa electric company questions
Who is the largest electric company in Iowa?
MidAmerican Energy serves the most residential customers in Iowa, about 640 thousand homes in 2025 (EIA Form EIA-861).
How many electric utilities are there in Iowa?
EIA lists 25 electric utilities with residential customers in Iowa for 2025. Most households are served by a handful of the largest ones.
Which Iowa utility has the lowest average price?
Among Iowa utilities with at least 10,000 bundled residential customers, MidAmerican Energy had the lowest average residential price in 2025 at 11.08 cents per kWh and Interstate Power and Light (Alliant Energy) had the highest at 17.77 cents. Prices reflect the utility's costs and customer mix, so a lower price does not mean better service.
Can I choose my electric company in Iowa?
Usually not. Households in Iowa buy electricity from the utility, municipal system or cooperative that serves their address.