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 33,773 electricity customers being supplied electricity by the company. This total is made up of 90.16% residential customer accounts, 7.07% commercial accounts and 2.77% industrial accounts. On average, Lake Region Electric Cooperative's residential electricity rate is 12.08 cents per kilowatt hour. This is 23.24% less than the national average rate of 15.74 cents, ranking the supplier at 861st best for average electricity rate out of 2892 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 $135.98, while the Lake Region Electric Cooperative average is 2.82% lower at $132.15 per month. Customers of the company deal with 1.01 power outages each year with outages lasting an average of 112.62 minutes. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end customers.
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 3526 suppliers reporting energy loss in the nation.
Lake Region Electric Cooperative Rate & Electric Bills
Lake Region Electric Cooperative residential electric rates are highest in September and the highest average bill is in July.
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:lrec.outagemap.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
- Perham
- Barnesville
- Pelican Rapids
- New York Mills
- Frazee
- Henning
- Battle Lake
- Rothsay
- Ottertail
Energy Loss
Lake Region Electric Cooperative's energy loss due to business operations.
Total Energy Loss
29,953MWh
1069 National Rank
Grid Reliability
Length & Frequency of Lake Region Electric Cooperative's Power Outages
112.62 min.
vs. national average of 171.11 min.
1.01 outages/yr
vs. national average of 1.45
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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 | 33,773 | 61,327,147.95 | 19 | 100% |
Lake Region Electric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Becker County | 34,995 | 5 | 12.86 | $160.27/mo |
| Clay County | 65,929 | 7 | 12.91 | $192.77/mo |
| Douglas County | 38,742 | 4 | 12.71 | $150.09/mo |
| Grant County | 6,045 | 5 | 12.39 | $161.90/mo |
| Otter Tail County | 59,728 | 4 | 11.95 | $129.12/mo |
| Wilkin County | 6,495 | 5 | 11.88 | $145.96/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
- 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:
What is the phone number for Lake Region Electric Cooperative?
You can reach Lake Region Electric Cooperative by phone via (218) 863-1171.
What is the average bundled electricity rate for Lake Region Electric Cooperative customers?
The average bundled price of electricity for customers of Lake Region Electric Cooperative is 12.08 cents per kilowatt hour (¢/kWh).
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 $132.15.
When will Lake Region Electric Cooperative power be restored?
Lake Region Electric Cooperative's outages last, on average, about 112.62 minutes per each outage.
Who is the CEO of Lake Region Electric Cooperative?
Lake Region Electric Cooperative's current CEO is Tim Thompson.
How many counties does Lake Region Electric Cooperative sell electricity in?
There are 6 counties that receive at least some electricity coverage by Lake Region Electric Cooperative including Minnesota.
What cities does Lake Region Electric Cooperative supply electricity in?
Lake Region Electric Cooperative supplies in 21 cities in the US including Minnesota.
