NewInsight: Investor-owned utilities charge 23% more for power

Electricity prices in Iowa

What homes in Iowa pay for electricity, from EIA.

Headlines

Average price
14.2¢ a kWh
Up 4.9% on a year ago
Average bill
$120 a month
Up 3.6% on a year ago
Average use
848 kWh
A month. US 875 kWh
Price rank
37 of 51
1 is the most expensive

Over the 12 months to August 2026, Iowa homes paid 14.2¢ a kWh, against a US average of 18.0¢.

Iowa vs the US

IowaUS
Average price, 12 months to August 202614.2¢18.0¢
Price in August 202617.1¢18.2¢
Average monthly bill, 12 months$120$158
Bill in August 2026$149$209
Average monthly use848 kWh875 kWh
Price change, past year+4.9%+6.5%
Price change since 2019+14%+39%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month. Bills peak in summer and winter.

Up to and including August 2026

Natural gas price

Average residential price a thousand cubic feet, by month. Summer prices are high because fixed charges are spread over little gas.

Up to and including August 2026

Utilities in Iowa

Past 12 months, utilities with 10,000 homes or more. These utilities serve 72% of homes in Iowa; smaller utilities serve the rest.

MidAmerican EnergyInvestor-owned11.6¢+3.7%$94646,536
Alliant Energy (Interstate Power and Light)Investor-owned18.4¢+3.0%$136419,914

Heating fuels in Iowa: heating oil, propane.