Lafayette Electric: Rates and Coverage Area

Lafayette Electric

Electricity Rates, Plans & Statistics

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About Lafayette Electric

Lafayette Electric is headquartered in LaFayette, Alabama and they serve electricity in the residents that call the city home. The company last reported a total of 1,445 customers. Exactly 20 of them are industrial properties, 219 are commercial customers and 1,206 are residential customers. Lafayette Electric's customers spend, on average, 11.85 cents per kilowatt hour for their electricity, which is 21.81% lower than the average Alabama rate of 15.15 cents. Roughly 34,910 megawatt hours were sold by the supplier to retail accounts in 2019. The electricity sourced by the company primarily came from megawatt hours that they purchased via the wholesale electricity market. They purchased 38,002 on the wholesale market. They earned $2,261,000 in 2019, which they earned entirely from electricity sales to end users.

The Alabama average monthly residential electricity bill is $170.86, while the Lafayette Electric average is 69.01% below at $77.43 per month. This is the 2nd lowest average monthly bill amount for a supplier in the state. Electricity production is not handled in house at the company, as they purchase electricity at wholesale rates from other companies and then resell to their customers.

Lafayette Electric Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.128/kWh$0.052/kWh$111.12/mo.$36.39/mo.
780th11.85¢Lafayette Electric's Average residential price per kWh
248th$77.43Average monthly electricity bill for Lafayette Electric's residential customers

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Lafayette Electric Overview

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

Lafayette Electric Contact

Lafayette Electric Service

  • Outage Phone:(334) 864-1083
  • States Served:
    • Alabama
  • Counties Served:
    • Chambers County
  • Major Cities Served:
    • La Fayette
Energy provider of the year for Alabama, Mid-Sized Provider Category
Lowest Average Residential Monthly Bill
Alabama, Mid-Sized Provider Category
Claim Award
Energy provider of the year for Alabama, Mid-Sized Provider Category
Lowest Residential Electricity Rate
Alabama, Mid-Sized Provider Category
Claim Award

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Lafayette Electric Coverage Map

Coverage Map Placeholder

Lafayette Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Alabama1,4452,965,174.5960100%

Lafayette Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Chambers County34,834514.53$161.79/mo

Lafayette Electric Reviews

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Lafayette Electric FAQ:

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

The average monthly bundled electric bill for customers of Lafayette Electric is $77.43. The Alabama average bundled bill is $170.86 and the United States average is $170.86.

What is the phone number for Lafayette Electric?

The Lafayette Electric phone number is (334) 864-9581.

Who is the CEO of Lafayette Electric?

Lafayette Electric's current CEO is Kenneth Vines.

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

Customers of Lafayette Electric, on average, have an electricity bundled rate 11.85 cents per kilowatt hour (¢/kWh).

Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-06-11