Lake Region Electric Cooperative

About Lake Region Electric Cooperative

Lake Region Electric Cooperative is an electric cooperative. The largest county serviced by Lake Region Electric Cooperative is Clay County, but the company also supplies electricity in 6 counties in the state. There are 26,169 residential customers, 2,077 commercial accounts and 679 industrial customers receiving service from the company. The average residential electricity rate for Lake Region Electric Cooperative is approximately 12.26 cents per kilowatt hour, which is 8.55% below the state's average rate of 13.40 cents and 7.59% lower than the US average of 13.26 cents. Around 453,034 megawatt hours were sold by the supplier to retail end users in 2020. Electricity generation and wholesale power purchases made up 0.02% and 99.98%, respectively, of the total electricity sourced by the company. Power plants the company owns generated 75 megawatt hours and an additional 482,407 were purchased by way of wholesale channels. In 2020, they made a total of $53,258,200 from business activities relating to the sale and transfer of electricity. They had 99.39% of their revenue coming from retail sales to end users.

Consumers of the supplier pay an average monthly residential power bill of $131.21. This is 11.26% more than the nationwide average of $117.93. Electricity production is not part of the Lake Region Electric Cooperative business plan, as they purchase power at wholesale rates to then be resold to their end users.

Lake Region Electric Cooperative Net Metering

Offering net metering to customers is a win-win situation for Lake Region Electric Cooperative and people who get their electricity from the company. This is a positive for any consumer potentially installing private solar panels, as net metering allows them to sell their excess wattage back into the grid.

Energy Loss

Electricity providers regularly submit data for energy lost through electricity transmission to government agencies who track infrastructure efficiencies. Lake Region Electric Cooperative recently reported a loss of 5.87% of the electricity generation. This percentage of loss gives them a rank of 1121st best out of 3510 providers reporting energy loss in the United States.

Lake Region Electric Cooperative Rate & Electric Bills

Lake Region Electric Cooperative residential electric rates are highest in January and the highest average bill is in November.

Historical Electric Rates:

Price Per kWHAverage Bill$0.123/kWh$0.117/kWh$131.53/mo.$126.02/mo.
1638th12.26¢Lake Region Electric Cooperative's Average residential price per kWh
2257th$131.21Average monthly electric bill for Lake Region Electric Cooperative's residential customers

Lake Region Electric Cooperative Overview

  • Company Type:Cooperative
  • Headquarters:1401 South Broadway
    Pelican Rapids, Minnesota 56572
    United States of America
  • CEO:Tim Thompson

Lake Region Electric Cooperative Contact

Lake Region Electric Cooperative Service

Energy Loss

Lake Region Electric Cooperative's energy loss due to business operations.

-5.87%

Total Energy Loss

28,335MWh

1121 National Rank

Lake Region Electric Cooperative Coverage Map

Coverage Map Placeholder

Lake Region Electric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Minnesota28,92552,935,90016100%

Lake Region Electric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Becker County34,423511.56$113.21/mo
Clay County64,222811.82$120.13/mo
Douglas County38,141412.24$142.09/mo
Grant County5,972611.58$141.78/mo
Otter Tail County58,746511.14$104.31/mo
Wilkin County6,207610.39$115.03/mo

Cities Lake Region Electric Cooperative Has Coverage

  • Ashby, MN
  • Barnesville, MN
  • Battle Lake, MN
  • Bluffton, MN
  • Deer Creek, MN
  • Dent, MN
  • Elizabeth, MN
  • Erhard, MN
  • Fergus Falls, MN
  • Frazee, MN
  • Henning, MN
  • New York Mills, MN
  • Ottertail, MN
  • Parkers Prairie, MN
  • Pelican Rapids, MN
  • Perham, MN
  • Richville, MN
  • Rothsay, MN
  • Underwood, MN
  • Vergas, MN
  • Wolf Lake, MN
  • Wolverton, MN

* City coverage generated based on government data. Always verify you can get service from the provider.

Lake Region Electric Cooperative Reviews

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Lake Region Electric Cooperative FAQ:

How much is the average bundled bill for Lake Region Electric Cooperative customers each month?

Currently, the average monthly bundled electric bill for customers of Lake Region Electric Cooperative is $131.21. The Minnesota average bundled bill is $104.42 and the United States average is $104.42.

How many counties does Lake Region Electric Cooperative sell electricity to?

There are 6 counties that receive at least some electricity coverage by Lake Region Electric Cooperative.

What is the phone number for Lake Region Electric Cooperative?

You can reach Lake Region Electric Cooperative by phone via (800) 552-7658.

What cities does Lake Region Electric Cooperative offer service to?

Lake Region Electric Cooperative supplies in 22 cities.

What is the average bundled electricity rate for Lake Region Electric Cooperative customers?

Lake Region Electric Cooperatives current average bundled electricity rate is 12.26 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 13.40 cents and the average US rate of 13.26 cents.

Who is the CEO of Lake Region Electric Cooperative?

Lake Region Electric Cooperative’s current CEO is Tim Thompson.

Last Reviewed By: Fernando García
Published: 2021-03-16Last Updated: 2022-01-07