Lake Country Power
Electricity Rates, Plans & Statistics
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About Lake Country Power
Lake Country Power supplies electricity to 8 counties and is considered an electric cooperative. There are a total of 50,786 customer accounts receiving service from the provider. These accounts are made up of 3 industrial customers, 4,125 commercial customers and 46,658 residential accounts. Lake Country Power's customers are charged an average residential electricity rate of 15.66 cents per kilowatt hour. This is 0.13% more than the nationwide average price of 15.64 cents, ranking the provider at 2429th lowest for average electricity rate out of 2893 providers in the country. The provider had total sales and disposition of 804,413 megawatt hours in 2022, of which 93.97% were from retail sales. The electricity sourced by the supplier primarily came from megawatt hours that they acquired by way of the wholesale market. They purchased 804,413 wholesale megawatt hours. The revenue for the company for 2022 from electricity sales was $108,745,300, with $107,979,900 from retail sales to end users.
Customers of the company have an average monthly residential power bill of $144.31. This is 27.70% more than the Minnesota average bill of $107.55. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it to end consumers.
Fortunately, Lake Country Power offers net metering choices to their consumers. Net metering allows individuals to sell megawatt hours back to the grid, making the purchase of solar panels and other electricity sources a cheaper endeavor.
Electricity companies regularly submit reports for energy lost through electricity transmission to government agencies who track electricity grid efficiencies. Lake Country Power recently reported a loss of 5.74% of the electricity generation amount. This percentage of electricity lost results in them being given a ranking of 43rd best out of 166 companies who report energy loss in the state and 1050th best out of 3517 in the US.
Lake Country Power Rate & Electric Bills
Lake Country Power residential electric rates are highest in January and the highest average bill is in December.
Historical Electricity Rates:
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Lake Country Power Overview
- Company Type:Cooperative
- Headquarters:26039 Bear Ridge Drive
Cohasset, Minnesota 55721
United States of America - CEO:Mark Bakk
Lake Country Power Contact
- Website:www.lakecountrypower.coop
- Customer Service Phone:(218) 863-1171
- Contact Page:www.lrec.coop
- Social Media:
Lake Country Power Service
- Rates & Plans:www.lakecountrypower.coop
- Outage Map:outage.lcp.coop
- Outage Phone:(218) 863-1171
- States Served:
- Minnesota
- Counties Served:
- St. Louis County
- Itasca County
- Carlton County
- Cass County
- Pine County
- Major Cities Served:
- Hibbing
- Grand Rapids
- Virginia
- Rice Lake
- Ely
- Moose Lake
- Mountain Iron
- Cohasset
- Gilbert
- Coleraine
- Table Of Contents:
Energy Loss
Lake Country Power's energy loss due to business operations.
Total Energy Loss
46,210MWh
1050 National Rank
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Lake Country Power Coverage Map
Lake Country Power State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Minnesota | 50,786 | 107,979,900 | 11 | 100% |
Lake Country Power County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Aitkin County | 15,747 | 4 | 15.44 | $128.73/mo |
| Carlton County | 36,145 | 4 | 15.31 | $128.91/mo |
| Cass County | 29,917 | 6 | 13.97 | $131.83/mo |
| Itasca County | 44,969 | 6 | 16.48 | $132.90/mo |
| Koochiching County | 12,203 | 4 | 15.14 | $145.99/mo |
| Lake County | 10,835 | 5 | 14.65 | $133.36/mo |
| Pine County | 28,997 | 3 | 15.75 | $132.35/mo |
| St. Louis County | 199,532 | 11 | 15.27 | $136.15/mo |
Cities Lake Country Power Has Coverage
- Babbitt, MN
- Bena, MN
- Boy River, MN
- Buhl, MN
- Cohasset, MN
- Coleraine, MN
- Cook, MN
- Cromwell, MN
- Deer River, MN
- Ely, MN
- Federal Dam, MN
- Gilbert, MN
- Grand Rapids, MN
- Hibbing, MN
- Hill City, MN
- Keewatin, MN
- Kettle River, MN
- La Prairie, MN
- Longville, MN
- McKinley, MN
- Moose Lake, MN
- Mountain Iron, MN
- Nashwauk, MN
- Orr, MN
- Remer, MN
- Rice Lake, MN
- Sturgeon Lake, MN
- Taconite, MN
- Tamarack, MN
- Tower, MN
- Virginia, MN
- Warba, MN
- Wright, MN
- Zemple, MN
* City coverage generated based on government data. Always verify you can get service from the provider.
Lake Country Power Reviews
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Lake Country Power FAQ:
Who is the CEO of Lake Country Power?
The current CEO of Lake Country Power is Mark Bakk.
What cities does Lake Country Power offer service in?
Lake Country Power serves 34 cities in the country including Minnesota.
What is the average bundled electricity rate for Lake Country Power customers?
Lake Country Power's current average bundled electricity rate is 15.66 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 15.09 cents and the average national rate of 15.64 cents.
What is the phone number for Lake Country Power?
Lake Country Power's customer service phone number is (218) 863-1171
How many counties does Lake Country Power sell electricity in?
Lake Country Power offers service in 8 counties.
How much is the average bundled bill for Lake Country Power customers each month?
The average monthly bundled electric bill for customers of Lake Country Power is $144.31. The state average bundled bill is $107.55 and the United States average is $107.55.
