Homestead Electric
Electricity Rates, Plans & Statistics
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About Homestead Electric
Homestead Electric provides electricity in Homestead, Florida. The supplier recently reported a total of 28,797 residential customer accounts, 2,170 commercial accounts and 609 industrial customer accounts, which makes up the whole of their customer base. The average residential electricity price for patrons of Homestead Electric is approximately 12.05 cents per kilowatt hour. This is, fortunately, 22.38% below the state's average rate of 15.52 cents, ranking the company at 7th lowest for average electricity price out of 60 providers in Florida. A total of 615,707 megawatt hours were sold through retail sales in 2022 by the company. Their revenue in 2022 from electricity related activities was $64,278,500, the entirety of which came from retail sales to end users.
The nationwide average monthly residential power bill is $132.69, while the Homestead Electric average is 1.22% more at $134.31 per month. Homestead Electric is the 1863rd ranked supplier in the nation for average monthly bill total. By megawatt hours produced, Homestead Electric is the 35th largest electricity company out of 77 providers in Florida.
Luckily, Homestead Electric allows consumers to take part in net metering. Net metering makes solar panel purchases more economically viable as it gives the ability for individuals to sell electricity back to the grid.
Losing electricity from heat dissipation during electricity transmission and other causes is a reality of operating in the electricity generation business. Suppliers must report these losses. Homestead Electric reported an annual loss of around 3.08% of the electricity that they transmit. This percentage of energy lost results in them being given a rank of 381st best out of 3517 providers who report energy loss in the United States.
Homestead Electric Rate & Electric Bills
Homestead Electric residential electric rates are highest in January and the highest average bill is in December.
Historical Electricity Rates:
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Homestead Electric Overview
- Company Type:Municipal
- Headquarters:675 North Flagler Avenue
Homestead, Florida 33030
United States of America
Homestead Electric Contact
- Website:www.cityofhomestead.com
- Customer Service Phone:(305) 224-4700
- Social Media:
Homestead Electric Service
- Outage Phone:(855) 211-2062
- States Served:
- Florida
- Counties Served:
- Miami-Dade County
- Major Cities Served:
- Homestead
- Leisure City CDP
- Table Of Contents:
Energy Loss
Homestead Electric's energy loss due to business operations.
Total Energy Loss
19,569MWh
381 National Rank
Homestead Electric Energy Makeup
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Homestead Electric Coverage Map
Homestead Electric State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Florida | 31,576 | 64,278,500 | 33 | 100% |
Homestead Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Miami-Dade County | 2,673,837 | 2 | 14.94 | $167.27/mo |
Power Plants Owned by Homestead Electric
| Plant | City/County | State | Primary Fuel Type | Production (MWh) | Emission (kg) | Emissions/MWh | Toxic Chemical Release | Closing Date |
|---|---|---|---|---|---|---|---|---|
G W IveyHomestead Electric (100.00%) | Homestead | FL | Natural Gas | -2,114 | 30,808.52 | 14.57 |
Homestead Electric Fuel Makeup
Homestead Electric Reviews
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Homestead Electric FAQ:
What is the phone number for Homestead Electric?
Homestead Electric's customer service phone number is (305) 224-4700
How many power plants are owned by or associated with Homestead Electric?
Homestead Electric owns or is associated with one power plant.
How much is the average bundled bill for Homestead Electric customers each month?
Homestead Electric currently has an average monthly bundled electric bill of $134.31, compared to the Florida average of $168.60 and the nationwide of $168.60 for bundled service.
What is the average bundled electricity rate for Homestead Electric customers?
Homestead Electric's current average bundled electricity rate is 12.05 cents per kilowatt hour (¢/kWh), compared to the average Florida bundled rate of 15.52 cents and the average nationwide rate of 15.64 cents.
