Lake Placid Village Electric Utility
Electricity Rates, Plans & Statistics
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About Lake Placid Village Electric Utility
Lake Placid Village Electric Utility is a municipally owned entity providing electricity in Lake Placid, New York. There are 4,042 residential customers and 1,056 commercial customers who are served by the supplier. On average, Lake Placid Village Electric Utility's residential electricity rate is 5.85 cents per kilowatt hour, which is 74.20% below the average New York price of 22.66 cents and 63.96% lower than the US average of 16.22. They sold 173,207 megawatt hours in 2019 through retail accounts. The megawatt hours sourced by the provider primarily came from megawatt hours that they procured on the wholesale electricity market. They purchased 183,008 wholesale megawatt hours. In 2019 the provider had total electricity related revenue of $9,294,300, with 99.72% from retail sales.
The national average monthly residential power bill is $143.38, while the Lake Placid Village Electric Utility average is 31.69% less at $97.94 per month. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end consumers.
Lake Placid Village Electric Utility is one of 14 electricity suppliers in the state who offer net metering to their customers. The purchase of solar panels and alternative electricity sources is often prohibitively priced for citizens. Net metering allows purchasers of these electricity sources to sell extra wattage back to the grid, making the installation of these alternative sources economically viable.
Lake Placid Village Electric Utility Rate & Electric Bills
Lake Placid Village Electric Utility residential electric rates are highest in December and the highest average bill is in August.
Historical Electricity Rates:
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Lake Placid Village Electric Utility Overview
- Company Type:Municipal
- Headquarters:2693 Main Street #102
Lake Placid, New York 12946
United States of America
Lake Placid Village Electric Utility Contact
- Customer Service Phone:(518) 523-2021
Lake Placid Village Electric Utility Service
- Outage Phone:(518) 523-3211
- States Served:
- New York
- Counties Served:
- Essex County
- Major Cities Served:
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Lake Placid Village Electric Utility Coverage Map
Lake Placid Village Electric Utility State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| New York | 5,056 | 9,543,634.94 | 29 | 100% |
Lake Placid Village Electric Utility County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Essex County | 37,501 | 61 | 25.87 | $193.59/mo |
Lake Placid Village Electric Utility Reviews
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Lake Placid Village Electric Utility FAQ:
What is the phone number for Lake Placid Village Electric Utility?
Lake Placid Village Electric Utility's customer service phone number is (518) 523-2021
What is the average bundled bill for Lake Placid Village Electric Utility customers each month?
Customers of Lake Placid Village Electric Utility pay, on average, a monthly bundled bill of $97.94.
What is the average bundled electricity rate for Lake Placid Village Electric Utility customers?
The average bundled price of electricity for consumers of Lake Placid Village Electric Utility is 5.85 cents per kilowatt hour (¢/kWh).
