Central Florida Electric Cooperative

About Central Florida Electric Cooperative

Central Florida Electric Cooperative provides electricity to 15 cities throughout Florida. Electricity providers must regularly report the number of customers they have to government agencies. Most recently the company listed a total of 896 industrial customers, 3,213 commercial accounts and 32,764 residential customers signed on for their services. This is the sum of their customers. Customers of Central Florida Electric Cooperative are charged an average residential electricity rate of 13.58 cents per kilowatt hour, which is 5.47% lower than the state's average price of 14.36 cents and 15.45% less than the nationwide average of 16.06 cents. The supplier had total sales and disposition of 589,106 megawatt hours in 2023, of which 94.47% were from sales to end users. The electricity sourced by the company is made up primarily of megawatt hours they purchased on the wholesale market. Of the electricity sourced whole purchased made up 100.00%. In 2023, the company made a total of $73,702,200 from business activities relating to the sale and transfer of electricity. They had 96.36% of their revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $139.28, while the Central Florida Electric Cooperative average is 5.11% below at $132.16 per month. This is the 1577th lowest average monthly bill amount for a supplier in the nation. Customers of the company have 2.53 power outages on average each year, with outages lasting around 244.86 minutes on average. The national averages for outages and duration are 1.44 outages at 123.49 minutes each. Electricity generation is not part of the Central Florida Electric Cooperative business model, as they purchase electricity at wholesale rates from other providers and then resell to their consumers.