Iowa Electric Utilities Comparison

Iowa is a national leader in wind energy, with wind power providing over 60% of the state's electricity generation.

Lowest Rates

MidAmerican

~14¢/kWh

Highest Rates

Alliant

~14¢/kWh

Total Customers

1.30M+

across 2 utilities

Key Factors in Iowa

As a wind energy leader with a strong renewable focus, this agricultural state benefits from competitive electricity rates.

Iowa Utilities by Rate

#1
MidAmerican Energy
Iowa and parts of Illinois800,000

12-15¢/kWh

Berkshire Hathaway Energy (investor-owned)

Advantages

  • Wind energy leader
  • Competitive rates
  • Reliable service
  • Strong renewable portfolio

Considerations

  • Limited competition
  • Rural coverage challenges
#2
Alliant Energy
Eastern Iowa500,000

13-16¢/kWh

Alliant Energy Corporation (investor-owned)

Advantages

  • Growing renewable portfolio
  • Reliable service
  • Customer programs

Considerations

  • Higher rates than MidAmerican
  • Limited territory

Key Factors in Iowa

Wind Energy Leader

Iowa is a national powerhouse in wind energy, which significantly impacts its electricity market and rates.

Competitive Rates

Thanks to its investment in wind, Iowa enjoys some of the most competitive electricity rates in the Midwest.

Investor-Owned Utilities

The market is dominated by two large investor-owned utilities, limiting direct competition in many areas.

Rural vs. Urban

Service and rates can vary between densely populated areas and the state's extensive rural regions.

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