MidAmerican Energy Co Electricity Rate per kWh (2024 EIA Data)
Investor Owned|EIA utility 12341|Iowa + 2 more|Bundled
In 2024, MidAmerican Energy Co's residential customers paid an average of 11.01 cents per kWh: $661 million of revenue over 6.01 million MWh of sales across 632,436 bundled residential customers, as reported to EIA on Form 861.
How the 11.01c figure is calculated
11.01c/kWh = $661,485k revenue / 6,006,862 MWh x 100. This is EIA's average realised price for 2024: everything MidAmerican Energy Co billed its residential customers (energy, delivery, fuel and rider charges, fixed charges) divided by the kilowatt-hours it sold. It is not a tariff rate, and a 2024 annual average will differ from a current bill. For a 1,000 kWh month at this average, the energy cost works out to about $110 before taxes.
About MidAmerican Energy Co's 2024 electricity prices
MidAmerican Energy Co is an investor-owned electric utility that reports to the U.S. Energy Information Administration under utility number 12341. In 2024 it served 632,436 bundled residential customers in Iowa (its largest state of 3), and its average realised residential price was 11.01 cents per kWh: $661 million of residential revenue divided by 6.01 million MWh of residential sales.
Across the other sectors, MidAmerican Energy Co's 2024 average prices were 8.43 cents for commercial customers (104,372 accounts) and 6.05 cents for industrial customers (1,527 accounts). Industrial customers paid 4.96 cents less per kWh than households, a 45% discount that is typical of high-volume, high-voltage service.
Within Iowa, MidAmerican Energy Co ranked number 1 of 24 utilities with bundled or delivery service by residential accounts served (632,436) and accounted for 41.52% of the state's residential electricity sales in 2024, measured in MWh sold or delivered rather than in customers. The state-wide average realised residential price in 2024, computed from the same EIA file, was 13.40 cents per kWh, so MidAmerican Energy Co's customers paid 2.39 cents below the Iowa average (-17.8%). For context, EIA's latest monthly figure for Iowa is 15.93 cents per kWh (June 2026, Electric Power Monthly); that is a different, more recent measure across all utilities and is not directly comparable with a 2024 annual average.
EIA's service-territory file places MidAmerican Energy Co in 55 Iowa counties: Adair, Adams, Audubon, Black Hawk, Bremer, Buchanan, Buena Vista, Butler, Calhoun, Carroll, Cass, and Cerro Gordo, and 43 more. It also reports 2024 retail sales in Illinois (73,582 residential customers at 9.99 cents) and South Dakota (4,236 residential customers at 8.68 cents). On the grid side it operates in the PJM Interconnection and MISO markets, and reported generation, transmission, buying transmission, distribution, wholesale marketing, and bundled as its activities. Balancing authority code: MISO.
MidAmerican Energy Co is not among the utilities included in EIA's preliminary 2025 early release, so the 2024 final data is the most recent figure available for it.
The nearest other utilities in Iowa by service-territory centroid are Midland Power Coop (19.1 miles away, 13.60 cents), City of Ames (IA) (25.5 miles away, 12.10 cents), Interstate Power and Light Co (43.2 miles away, 17.90 cents), Consumers Energy Coop (IA) (44.4 miles away, 15.00 cents), and Prairie Energy Coop (58.2 miles away, 14.34 cents).
| Sector | Customers | Sales (MWh) | Revenue ($k) | Avg c/kWh |
|---|---|---|---|---|
| Residential | 632,436 | 6,006,862 | 661,485 | 11.01 |
| Commercial | 104,372 | 4,917,627 | 414,741 | 8.43 |
| Industrial | 1,527 | 16,992,820 | 1,027,828 | 6.05 |
Counties served in Iowa (55)
From the EIA-861 Service Territory file; a listed county can be served in part only.
| Illinois Bundled + Delivery | 73,582 res. accounts | 9.99c | #3 of 25 |
| South Dakota Bundled | 4,236 res. accounts | 8.68c | #16 of 21 |
Nearby and comparable utilities in Iowa
- EIA utility number
- 12341
- Ownership type
- Investor Owned
- Data year
- 2024 final (EIA-861)
- Primary state
- Iowa
- States with retail sales
- IA, IL, SD
- Service type
- Bundled (Part A)
- Bundled residential customers (IA, price basis)
- 632,436
- Residential accounts served (IA)
- 632,436
- All accounts, all sectors (IA)
- 738,335
- Residential price, 2024
- 11.01 c/kWh
- Commercial price, 2024
- 8.43 c/kWh
- Industrial price, 2024
- 6.05 c/kWh
- Residential sales
- 6.01 million MWh
- Residential revenue
- $661 million
- Rank in Iowa by residential accounts served
- 1 of 24
- Share of Iowa residential sales (MWh, not customers)
- 41.52%
- Iowa average, 2024
- 13.40 c/kWh
- Counties served (IA)
- 55
- RTO / ISO
- PJM Interconnection, MISO
- Balancing authority
- MISO
- Reported activities
- Generation, Transmission, Buying Transmission, Distribution, Wholesale Marketing, Bundled
- Registry status
- Reported on Form EIA-861 for 2024
Realised price times usage; fixed charges are already inside the average. Bill calculator ->
Annual averages hide seasonal and tariff differences. Diagnose a high bill or model time-of-use pricing.
Bill Diagnostic ->Time-of-Use Guide ->Source: U.S. Energy Information Administration, Form EIA-861 Annual, 2024 final data (public domain), retrieved 28 August 2026; prices are average realised revenue per kWh, not tariffs. Final 2024 file f8612024.zip (released 3 December 2025) from the EIA-861 detailed data files. Preliminary 2025 figures come from the early-release file f8612025er.zip (4 August 2026), which EIA has not yet validated; they are labelled as such wherever shown and never mixed into a final figure.
Method: cents per kWh = revenue (thousand dollars) divided by sales (megawatthours), times 100. Customer counts, sales and revenue are the utility's own annual survey responses by state and sector. Bundled = energy plus delivery from one utility; delivery-only = the wires charge for customers who buy energy from a competitive supplier; energy-only = a competitive supplier's energy charge without delivery. County lists come from the EIA-861 Service Territory file; territory centroids used for "nearby utilities" are unweighted means of Census 2023 county centroids. EIA content is in the public domain (EIA copyright and reuse statement); the EIA logo is not used. Corrections: [email protected].