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 890 industrial customers, 3,196 commercial accounts and 32,235 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 15.87 cents per kilowatt hour, which is 1.92% higher than the state's average price of 15.57 cents and 0.69% more than the nationwide average of 15.76 cents. The supplier had total sales and disposition of 584,260 megawatt hours in 2022, of which 95.29% 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 2022, the company made a total of $82,090,200 from business activities relating to the sale and transfer of electricity. They had 97.04% of their revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $135.34, while the Central Florida Electric Cooperative average is 18.35% more at $160.18 per month. Central Florida Electric Cooperative is the 2466th ranked company in the United States for average monthly bill amount. Customers of the company have 3.18 power outages on average each year, with outages lasting around 205.17 minutes on average. The national averages for outages and duration are 1.45 outages at 171.11 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.