Homestead Electric
Electricity Rates, Plans & Statistics
High Power Bills?
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About Homestead Electric
Homestead Electric provides electricity in Homestead, Florida. Homestead Electric's patrons are billed an average residential electricity price of 14.63 cents per kilowatt hour, which is 2.23% above the average state rate of 14.31 cents. The provider sold 606,588 megawatt hours via retail sales in 2023. In 2023, the provider earned $72,381,100 in total revenue solely through retail electricity sales.
The nationwide average monthly residential power bill is $143.38, while the Homestead Electric average is 45.62% more at $208.79 per month. Homestead Electric is the 2747th ranked supplier in the nation for average monthly bill total. By customer count, Homestead Electric is the 542nd largest supplier out of 3530 electricity companies in the United States. The supplier's consumers deal with an average of 0.05 electrical outages per consumer per year. These outages go on for an average of 69.67 minutes, while the nationwide average is 1.44 outages per consumer and 123.49 minutes per outage. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates and then resell to their customers.
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 5.81% of the electricity that they transmit. This percentage of energy lost results in them being given a rank of 1188th best out of 3530 providers who report energy loss in the United States.
Homestead Electric Rate & Electric Bills
Homestead Electric residential electric rates are highest in April and the highest average bill is in August.
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
Energy Loss
Homestead Electric's energy loss due to business operations.
Total Energy Loss
37,443MWh
1188 National Rank
Grid Reliability
Length & Frequency of Homestead Electric's Power Outages
69.67 min.
vs. national average of 123.49 min.
0.05 outages/yr
vs. national average of 1.44
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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 | 26,815 | 76,871,401.11 | 30 | 100% |
Homestead Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Miami-Dade County | 2,673,837 | 2 | 13.72 | $154.77/mo |
Homestead Electric Reviews
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Homestead Electric FAQ:
When will Homestead Electric power be restored?
Homestead Electric's outages last, on average, roughly 69.671 minutes per outage.
How much is the average bundled bill for Homestead Electric customers each month?
Homestead Electric currently has an average monthly bundled electric bill of $208.79, compared to the Florida average of $159.65 and the nationwide of $159.65 for bundled service.
What is the average bundled electricity rate for Homestead Electric customers?
The average bundled price of electricity for customers of Homestead Electric is 14.63 cents per kilowatt hour (¢/kWh).
What is the phone number for Homestead Electric?
You can reach Homestead Electric by phone via (305) 224-4700.
