Homestead Electric
Electricity Rates, Plans & Statistics
High Power Bills?
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About Homestead Electric
Homestead Electric provides electricity in Homestead, Florida. The supplier recently reported a total of 23,971 residential customer accounts, 2,150 commercial accounts and 614 industrial customer accounts, which makes up the whole of their customer base. The average residential electricity price for patrons of Homestead Electric is approximately 14.58 cents per kilowatt hour, which is 9.93% less than the nationwide average price of 16.19 cents. The company sold 606,588 megawatt hours in 2023 by way of retail sales. They made $72,381,100 in 2023 from sales to retail customers alone.
The nationwide average monthly residential power bill is $143.04, while the Homestead Electric average is 46.12% more at $209.02 per month. Homestead Electric is the 2753rd ranked supplier in the nation for average monthly bill total. Homestead Electric is the 580th largest provider out of 3530 electricity companies in the United States based on total megawatt hours sold. The supplier's customers have an average of 0.05 electrical outages per customer a year. These outages are an average of 69.67 minutes, while the nationwide average is 1.44 outages per customer and 123.49 minutes an outage.
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
Homestead Electric Production, Sales, and Emissions by Fuel Types
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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 | 26,774 | 76,389,848.1 | 30 | 100% |
Homestead Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Miami-Dade County | 2,673,837 | 2 | 13.72 | $154.18/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 | -3,965 | 64,876.69 | 16.36 |
Homestead Electric Production Fuel Makeup
Homestead Electric Reviews
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Homestead Electric FAQ:
When will Homestead Electric power be restored?
The average number of minutes for an outage for Homestead Electric's consumers is 69.671 minutes.
What is the phone number for Homestead Electric?
You can reach Homestead Electric by phone via (305) 224-4700.
How much is the average bundled bill for Homestead Electric customers each month?
Homestead Electric currently has an average monthly bundled electric bill of $209.02, compared to the Florida average of $158.58 and the nationwide of $158.58 for bundled service.
What is the average bundled electricity rate for Homestead Electric customers?
Homestead Electric's current average bundled electricity rate is 14.58 cents per kilowatt hour (¢/kWh), compared to the average Florida bundled rate of 14.26 cents and the average nationwide rate of 16.19 cents.
How many power plants are owned by or associated with Homestead Electric?
Homestead Electric owns or is associated with one power plant.
