Lake Region Electric Cooperative
Electricity Rates, Plans & Statistics
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About Lake Region Electric Cooperative
Lake Region Electric Cooperative is an electricity cooperative. The largest county serviced by Lake Region Electric Cooperative is Clay County, but the company also operates in in 6 counties in the state. On recent government reports, the supplier reported a total of 29,487 electricity customers being supplied electricity by the company. This total is made up of 90.52% residential customer accounts, 7.07% commercial accounts and 2.41% industrial accounts. On average, Lake Region Electric Cooperative's residential electricity rate is 11.72 cents per kilowatt hour. This is 25.05% less than the national average rate of 15.64 cents, ranking the supplier at 884th best for average electricity rate out of 2893 providers in the United States. In 2022 they had retail sales of 477,940 megawatt hours. The electricity generated in the company's power plants made up 69 of the megawatt hours sourced by the company and the purchase of wholesale electricity made up an additional 508,923. The revenue for the company in 2022 from electricity sales was $54,799,800, with 97.88% coming from retail sales to end users.
The United States average monthly residential electric bill is $132.69, while the Lake Region Electric Cooperative average is 2.19% lower at $129.79 per month. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users.
Lake Region Electric Cooperative, fortunately, allows customers of the company to participate in net metering programs. Installation of solar panels and alternative electricity sources is often prohibitively priced for private individuals. Net metering allows purchasers of these electricity sources to sell unused electricity back into the grid, making the installation of these alternative sources financially possible.
Lake Region Electric Cooperative recently reported an annual loss of around 5.88% of the electricity that they transmit. Loss of energy due to heat dissipation during electricity transmission and other causes is part of being in the electricity production industry and providers must report these losses. This percentage of loss results in them receiving a rank of 1069th best out of 3517 suppliers reporting energy loss in the nation.
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 December.
Historical Electricity Rates:
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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
- Website:www.lrec.coop
- Customer Service Phone:(218) 863-1171
- Contact Page:www.lrec.coop
- Social Media:
Lake Region Electric Cooperative Service
- Outage Map:outagemap.lrec.coop
- Outage Phone:(218) 863-1171
- States Served:
- Minnesota
- Counties Served:
- Clay County
- Otter Tail County
- Douglas County
- Becker County
- Wilkin County
- Major Cities Served:
- Fergus Falls
- Barnesville
- New York Mills
- Frazee
- Henning
- Battle Lake
- Underwood
- Ashby
- Erhard
- Elizabeth
- Table Of Contents:
Energy Loss
Lake Region Electric Cooperative's energy loss due to business operations.
Total Energy Loss
29,953MWh
1069 National Rank
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Lake Region Electric Cooperative Coverage Map
Lake Region Electric Cooperative State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Minnesota | 29,487 | 53,638,300 | 19 | 100% |
Lake Region Electric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Becker County | 34,995 | 6 | 12.55 | $150.79/mo |
| Clay County | 65,929 | 7 | 12.58 | $189.55/mo |
| Douglas County | 38,742 | 4 | 12.36 | $147.92/mo |
| Grant County | 6,045 | 5 | 12.05 | $159.55/mo |
| Otter Tail County | 59,728 | 4 | 11.62 | $127.28/mo |
| Wilkin County | 6,495 | 5 | 11.55 | $143.94/mo |
Cities Lake Region Electric Cooperative Has Coverage
- Ashby, MN
- Barnesville, MN
- Battle Lake, MN
- Elizabeth, MN
- Erhard, MN
- Fergus Falls, MN
- Frazee, MN
- Henning, MN
- New York Mills, MN
- Underwood, MN
- Urbank, MN
- Wolf Lake, MN
- Wolverton, MN
* City coverage generated based on government data. Always verify you can get service from the provider.
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Lake Region Electric Cooperative FAQ:
What is the phone number for Lake Region Electric Cooperative?
The Lake Region Electric Cooperative phone number is (218) 863-1171.
What is the average bundled electricity rate for Lake Region Electric Cooperative customers?
Lake Region Electric Cooperative's current average bundled electricity rate is 11.72 cents per kilowatt hour (¢/kWh), compared to the average Minnesota bundled rate of 15.09 cents and the average nationwide rate of 15.64 cents.
How much is the average bundled bill for Lake Region Electric Cooperative customers each month?
Customers of Lake Region Electric Cooperative pay, on average, a monthly bundled bill of $129.79.
How many counties does Lake Region Electric Cooperative offer service to?
There are 6 counties that receive at least some electricity coverage by Lake Region Electric Cooperative.
What cities does Lake Region Electric Cooperative have customers in to?
Lake Region Electric Cooperative serves 13 cities throughout the US.
Who is the CEO of Lake Region Electric Cooperative?
Lake Region Electric Cooperative's CEO is Tim Thompson.
