Lafayette Electric

About Lafayette Electric

Lafayette Electric is a municipally owned entity supplying electricity in La Fayette in Chambers County, Alabama. Electricity providers must regularly report their customer counts to government agencies. Recently the provider disclosed a total of 1,436 customers signed up to receive electricity from the company. Approximately 83.22% of these are residential properties, 15.32% are commercial customer accounts and 1.46% are industrial properties. On average, Lafayette Electric's customers spend 6.84 cents per kilowatt hour for their residential electricity, which is 47.27% below the average state rate of 12.97 cents, a welcome situation for their customers. Lafayette Electric had total sales and disposition of 38,002 megawatt hours in 2019, of which 91.86% were via retail sales. During the same timeframe, Lafayette Electric acquired 38,002 megawatt hours via the wholesale market. Their revenue in 2019 from electricity activities was $2,261,000, with 100.00% coming from retail sales to end users.

Patrons of the supplier pay an average residential electric bill of $47.25. This is 59.93% lower than the United States average bill of $117.93. The supplier currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end consumers.

Lafayette Electric Rate & Electric Bills

Lafayette Electric residential electric rates are highest in January and the highest average bill is in July.

Historical Electric Rates:

Price Per kWHAverage Bill$0.068/kWh$0.059/kWh$55.06/mo.$47.25/mo.
102nd6.84¢Lafayette Electric's Average residential price per kWh
50th$47.25Average monthly electric bill for Lafayette Electric's residential customers

Lafayette Electric Overview

  • Company Type:Municipal
  • Headquarters:291 4th Place South East
    LaFayette, Alabama 36862
    United States of America
  • CEO:Kenneth Vines

Lafayette Electric Contact

Lafayette Electric Service

  • Outage Phone:(334) 864-1083
Energy provider of the year for Alabama, Mid-Sized Provider Category
Lowest Residential Electricity Rate
Alabama, Mid-Sized Provider Category
Claim Award
Energy provider of the year for Alabama, Mid-Sized Provider Category
Lowest Average Residential Monthly Bill
Alabama, Mid-Sized Provider Category
Claim Award

Lafayette Electric Coverage Map

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Lafayette Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Alabama1,4361,882,00061100%

Lafayette Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Chambers County33,254412.81$145.11/mo

Lafayette Electric Reviews

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Lafayette Electric FAQ:

How much is the average bundled bill for Lafayette Electric customers each month?

Lafayette Electric currently has an average monthly bundled electric bill of $47.25, compared to the Alabama average of $151.45 and the United States average of $151.45 for bundled service.

Who is the CEO of Lafayette Electric?

Kenneth Vines is the CEO of Lafayette Electric.

What is the phone number for Lafayette Electric?

Lafayette Electric's customer service phone number is (334) 864-9581

What is the average bundled electricity rate for Lafayette Electric customers?

Customers of Lafayette Electric, on average, have an electricity bundled rate 6.84 cents per kilowatt hour (¢/kWh).

Last Reviewed By: Ginalyn Gelera
Published: 2021-03-16Last Updated: 2022-01-18