Lake Placid Village Electric Utility

Recently filed reports by the company showed a customer base of 4,839 customer accounts. Exactly 4,057 are residential customers and 782 are commercial properties. The average residential electricity rate for Lake Placid Village Electric Utility is around 5.49 cents per kilowatt hour, which is 70.66% below New York's average price of 18.72 cents. This makes the supplier 25th out of 248 suppliers in New York for best average electricity rate. Approximately 173,207 megawatt hours were sold by the supplier to retail end users in 2019. The electricity sourced by the company is made up primarily of megawatt hours they purchased via wholesale channels. This category comprises 100.00% of the total electricity sourced. In 2019, the company made 99.72% of their revenue from retail electricity sales to end users.

About Lake Placid Village Electric Utility

The nationwide average monthly residential power bill is $120.11, while the Lake Placid Village Electric Utility average is 23.79% less at $91.54 per month. Electricity sales were responsible for an increase in CO2 pollution amounts of 713,766.53 kilograms (0.96%) throughout the last 12 months. The production of megawatt hours sold by Lake Placid Village Electric Utility emits 75,415,986.14 kilograms of CO2 emissions, which makes them the 74th worst polluting electricity provider out of the 248 we track in the state.

Lake Placid Village Electric Utility Net Metering

Offering net metering to consumers is a win-win situation but citizens who receive their electricity from Lake Placid Village Electric Utility do not have this option. Without net metering, solar panel purchased are significantly less economically realistic, as consumers have no way to sell extra electricity back to their supplier.

Energy Loss

Loss of electricity from heat dissipation while transmitting electricity and other causes is part of being in the electricity generation business. Suppliers are required to report these losses to government agencies who track electricity infrastructure efficiencies. Lake Placid Village Electric Utility reported a yearly loss of about 5.19% of the electricity that they transmit. This percentage of electricity lost results in them being given a rank of 1177th worst out of 3511 providers reporting energy loss in the United States.

Lake Placid Village Electric Utility Rate & Electric Bills

Lake Placid Village Electric Utility residential electric rates are highest in January and the highest average bill is in February.

Historical Electric Rates:

Price Per kWHAverage Bill$0.060/kWh$0.052/kWh$98.49/mo.$79.96/mo.
42nd5.49¢Lake Placid Village Electric Utility's Average residential price per kWh
940th$91.54Average monthly electric bill for Lake Placid Village Electric Utility's residential customers

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

Quick Facts About Lake Placid Village Electric Utility

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Lake Placid Village Electric Utility does not produce any of their own electricity and instead purchases directly from other suppliers at wholesale prices to be resold to their customers.

Energy Loss

Lake Placid Village Electric Utility's energy loss due to business operations.

-5.19%Light BulbIcon representing Light Bulb.

Total Energy Loss

9,505MWh

1177 National Rank

Lake Placid Village Electric Utility Coverage Map

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Lake Placid Village Electric Utility State Coverage

StateArrow UpArrow pointing upwards.CustomersArrow UpArrow pointing upwards.Sales ($)Arrow UpArrow pointing upwards.State Rank Based On RevenueArrow UpArrow pointing upwards.% of Provider's Residential Sales in StateArrow UpArrow pointing upwards.
New York4,8399,268,30095100%

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?

You can reach Lake Placid Village Electric Utility by phone via (518) 523-2021.

What is the average electricity rate for Lake Placid Village Electric Utility customers?

Lake Placid Village Electric Utilitys current average electricity rate is 5.49 cents per kilowatt hour (¢/kWh), compared to the average state rate of 18.72 cents and the average national rate of 13.33 cents.

What is the average bill for Lake Placid Village Electric Utility customers each month?

The average monthly electric bill for customers of providerInfo.name is $91.54. The state average bill is $114.65 and the US average is $114.65.

Last Reviewed By: Matt Hope
Published: 2021-03-16Last Updated: 2021-08-25