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

MidAmerican Energy electricity rates

What homes pay MidAmerican Energy for electricity, from EIA.

Investor-owned utility, 646,536 homes in Iowa. EIA lists it as MidAmerican Energy Co.

Headlines

Average price
11.6¢ a kWh
Up 3.7% on a year ago
Average bill
$94 a month
Up 2.1% on a year ago
Average use
816 kWh
A month. Iowa 848 kWh
Price rank in Iowa
2 of 2
1 is the most expensive

Over the 12 months to August 2026, MidAmerican Energy homes paid 11.6¢ a kWh, against 14.2¢ across Iowa.

MidAmerican Energy vs Iowa

MidAmerican EnergyIowa
Average price, 12 months to August 202611.6¢14.2¢
Price in August 202615.2¢17.1¢
Average monthly bill, 12 months$94$120
Bill in August 2026$119$149
Average monthly use816 kWh848 kWh
Price change, past year+3.7%+4.9%
Price change since 2019+13%+14%

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.

Up to and including August 2026