Lake Park, Minnesota Electric Utility: Rates and Coverage Area

Lake Park, Minnesota Electric Utility

Electricity Rates, Plans & Statistics

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About Lake Park, Minnesota Electric Utility

Lake Park, Minnesota Electric Utility is a municipally owned entity serving Lake Park in Becker County, Minnesota. At the moment, there are 489 customers of the supplier. Exactly 94 of them are commercial customers and 395 of them are residential accounts. The average residential electricity rate for consumers of Lake Park, Minnesota Electric Utility is around 11.06 cents per kilowatt hour, which is 29.47% lower than the average nationwide rate of 15.68 cents. In 2019 the company sold 8,290 megawatt hours to end users (known as retail sales). The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. The total revenue for Lake Park, Minnesota Electric Utility in 2019 from electricity sales was $816,000, with all revenue coming from retail sales to end users.

The national average monthly residential electric bill is $135.78, while the Lake Park, Minnesota Electric Utility average is 41.54% less at $79.37 per month. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users.

Lake Park, Minnesota Electric Utility Rate & Electric Bills

Lake Park, Minnesota Electric Utility residential electric rates are highest in January and the highest average bill is in August.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.116/kWh$0.095/kWh$104.17/mo.$63.22/mo.
524th11.06¢Lake Park, Minnesota Electric Utility's Average residential price per kWh
281st$79.37Average monthly electricity bill for Lake Park, Minnesota Electric Utility's residential customers

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Lake Park, Minnesota Electric Utility Overview

  • Company Type:Municipal
  • Headquarters:2032 2nd Street
    Lake Park, Minnesota 56554
    United States of America
  • Director/Superintendent:Todd Frank

Lake Park, Minnesota Electric Utility Contact

Lake Park, Minnesota Electric Utility Service

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    Lake Park, Minnesota Electric Utility Coverage Map

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    Lake Park, Minnesota Electric Utility State Coverage

    StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
    Minnesota489720,930.37155100%

    Lake Park, Minnesota Electric Utility County Coverage

    CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
    Becker County34,995613.15$151.34/mo

    Lake Park, Minnesota Electric Utility Reviews

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    Lake Park, Minnesota Electric Utility FAQ:

    What is the phone number for Lake Park, Minnesota Electric Utility?

    You can reach Lake Park, Minnesota Electric Utility by phone via (218) 238-5337.

    What is the average bundled electricity rate for Lake Park, Minnesota Electric Utility customers?

    The average bundled price of electricity for consumers of Lake Park, Minnesota Electric Utility is 11.06 cents per kilowatt hour (¢/kWh).

    Who is the CEO of Lake Park, Minnesota Electric Utility?

    The current CEO of Lake Park, Minnesota Electric Utility is Todd Frank.

    How much is the average bundled bill for Lake Park, Minnesota Electric Utility customers each month?

    Consumers of Lake Park, Minnesota Electric Utility pay, on average, a monthly bundled bill of $79.37.

    Fernando García
    Last Reviewed By: Fernando García
    Published: 2022-10-18