Fort Pierce Utilities Authority

About Fort Pierce Utilities Authority

Fort Pierce Utilities Authority provides electricity to 2 cities in St. Lucie County, Florida including cities such as Fort Pierce, Lakewood Park CDP, Fort Pierce North CDP, White City CDP, and Fort Pierce South CDP. The organization is a municipally owned entity. Electricity companies must regularly report the total number of customers they have to government agencies. In the most recent report the supplier reported a total of 24,386 residential customers and 5,448 commercial customers receiving electricity from the company. This is the sum of their customers. Fort Pierce Utilities Authority's consumers are billed an average residential electricity rate of 12.90 cents per kilowatt hour. Fortunately, this is 9.86% less than the state's average price of 14.31 cents, resulting in the supplier ranking 21st out of 59 suppliers in Florida for lowest average electricity price. About 592,809 megawatt hours were sold by the supplier to retail accounts in 2023. The electricity sourced by Fort Pierce Utilities Authority is made up primarily of megawatt hours they procured on the wholesale market. This category makes up 100.00% of the total electricity sourced. Their revenue in 2023 from electricity related activities was $75,383,000, with 98.86% coming from retail sales to end users.

The average monthly residential electric bill for a customer of Fort Pierce Utilities Authority is $125.71 per month, while the US average is $143.38. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it to end consumers.