MidAmerican Energy Co Electricity Rates

How this price compares

Ranked by price against the 24 utilities reporting residential rates in Iowa, MidAmerican Energy Co comes 3rd of 24. The state's range runs from North West Rural Electric Coop at 9.26¢ to Interstate Power and Light Co at 17.90¢, so where a household sits inside Iowa depends far more on which utility serves it than on the statewide average alone.

Against the 2 other investor owned utilities reporting in Iowa, which averaged 16.72¢, MidAmerican Energy Co is far below its own ownership class within the state (-34.1%).

All figures come from the 2024 release, so no comparison mixes vintages. The state figure is customer-weighted across 24 reporting utilities.

Scale and consumption

MidAmerican Energy Co reported 632.4K residential customers, ranking 1st of 24 utilities in Iowa by customers served and covering 50.9% of the state's reported residential customers.

Dividing reported residential sales by customers served gives about 9,498 kWh per customer per year - near the national residential norm, implying a typical annual bill near $1,046.

Within Iowa the median reporting utility sells about 12,703 kWh per customer, so MidAmerican Energy Co customers use -25.2% against their own state's middle. Consumption this light usually tracks denser housing, gas heating or a milder service territory, which softens the bill impact of a high per-kWh price.

Every utility reporting in Iowa

All 24 utilities reporting bundled residential service in Iowa, largest first, with MidAmerican Energy Co marked. The named companies either side of it are the ones a household in this state might otherwise be served by.

For generation mix and price history statewide, see electricity rates in Iowa.

Common questions about MidAmerican Energy Co rates

How much does MidAmerican Energy Co charge per kWh?

MidAmerican Energy Co reported an average residential price of 11.01¢ per kWh across its bundled residential customers in the 2024 EIA Form 861 release. That is an annual average across all its residential customers, not a rate schedule, so an individual bill depends on the tariff, usage pattern and season.

Is MidAmerican Energy Co expensive compared with the rest of Iowa?

Its average residential price is below the Iowa customer-weighted average of 13.67¢ per kWh, a difference of -19.4%. The state figure is weighted by customers across the 24 utilities reporting residential service in Iowa.

What is the average electricity bill for MidAmerican Energy Co customers?

Dividing reported residential sales by residential customers gives about 9,498 kWh per customer per year. At the reported average price that implies roughly $1,046 a year, or about $87 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.

Who owns MidAmerican Energy Co?

EIA classifies MidAmerican Energy Co as Investor Owned, a shareholder-owned company whose retail rates are set through a state regulatory commission. Nationally, Investor Owned utilities averaged 17.36¢ per kWh in the 2024 release.

What this page does and does not tell you

• An average across bundled residential customers for the year, revenue divided by sales, not a rate schedule.
• Form 861 presence is not evidence of availability at an address or of customer choice.

See our methodology, why energy prices vary and understanding rate structures.

Source: U.S. Energy Information Administration (EIA), Form 861 annual electric power industry report, 2024 release. Retrieved and formatted by RateWatt.