MidAmerican Energy Electric Rates and Average Monthly Bill

MidAmerican Energy reported 717,275 residential customers on bundled service in 2025, using 821 kWh a month on average at 11.08 cents per kWh. Bundled means the utility supplies the energy and delivers it, so the price covers both. Among the 11 Iowa utilities with at least 10,000 bundled residential customers, MidAmerican Energy ranks 1 from the lowest price.

Figures cover all of MidAmerican Energy's states together. A utility with a large territory can have different rates in different places.

Source: U.S. Energy Information Administration, Form EIA-861 (final 2025 data), sales to ultimate customers. Price is revenue divided by sales and includes fixed charges.

EIA lists the counties where MidAmerican Energy has distribution equipment. That covers 60 counties in Iowa, Illinois, South Dakota. A county can be served by more than one utility, so confirm your address with the utility or your bill.

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For 2025, MidAmerican Energy reported an average of 65 minutes without power per customer and 0.42 interruptions per customer, with major event days left out. The typical interruption lasted about 155 minutes. For comparison, the median state averaged 127 minutes of outage per customer.

MidAmerican Energy had about 62 fewer minutes of outage per customer than the median state. The Iowa figure across its utilities was 80 minutes. One interruption lasting 155 minutes and 0.42 interruptions a year per customer add up to the 65 minute total.

Source: U.S. Energy Information Administration, Form EIA-861 (final 2025 data), reliability schedule, measured under IEEE 1366. Utilities define events slightly differently, so compare with care.

• Time-of-use pricing. MidAmerican Energy reports a residential time-of-use pricing program in its 2025 EIA filing, with about 132 residential customers enrolled in dynamic pricing programs of all kinds. Ask the utility which rate schedules you qualify for. How time-of-use rates work.
• Rooftop solar and net metering. EIA shows 5,523 residential net-metered systems on the MidAmerican Energy grid in 2025, with 48.6 megawatts of capacity. How net metering works.

A private company owned by shareholders. A state commission reviews its costs and sets or approves its rates in formal rate cases. In Iowa, that review is done by the Iowa Utilities Commission.

MidAmerican Energy is an investor-owned utility based in Iowa, and it also reports customers in 2 other states.

MidAmerican Energy operates in the PJM and MISO power markets. Power markets set wholesale costs, but your retail rate is set by the rules described above.

Of the 22 utilities listed for Iowa, MidAmerican Energy is the 1st largest by homes, at roughly 43.8% of the state total. Iowa has too few other investor-owned utilities with reported prices to compare MidAmerican Energy with its type, so the state average of 13.62 cents per kWh is the fairest yardstick. At $90.99 a month, an average MidAmerican Energy home pays about $316 a year less than the Iowa average of $117.30, and uses 40 kWh a month less. MidAmerican Energy reports customers in 3 states, and this profile uses its largest, Iowa, for comparisons. 5,523 of its residential customers use net metering, or 7.7 per 1,000 homes, against 16.2 for Iowa as a whole.

Source: U.S. Energy Information Administration, Form EIA-861 (final 2025 data). Peers are other utilities of the same type in Iowa with at least 1,000 residential customers and a reported price.

See every one on the electric companies in Iowa page.

Kilowatt Atlas is not MidAmerican Energy and does not take payments, start service or manage accounts. To pay a bill, report an outage or start service, use the website, app or phone number printed on your bill. Be careful with search ads and lookalike sites that offer to pay your bill for a fee.

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