Lake Region

Electricity Rates, Plans & Statistics

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About Lake Region

Lake Region supplies electricity to 5 counties and is classified as an electricity cooperative. There are 25,075 customers of the company. Exactly 145 of them are industrial customers, 1,560 are commercial customers and 23,370 of them are residential properties. Lake Region's average residential electricity rate per kilowatt hour is 10.60 cents per kilowatt hour, which ranks the company 23rd out of 93 companies in the state and 726th out of 2923 in the nation. In 2020 Lake Region had sales to end customers totaling 405,549 megawatt hours. During the same timeframe, Lake Region procured 429,520 megawatt hours by way of wholesale electricity channels. The total revenue for the company in 2020 from electricity sales was $43,378,000, with 96.93% coming from retail sales to end users.

The Oklahoma average monthly residential electricity bill is $129.83, while the Lake Region average is 5.98% below at $122.3 per month. This is the 59th lowest average monthly bill amount for a supplier in the state. The supplier currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other providers and then resell it to end consumers.

Lake Region Net Metering

Net metering is available to consumers of Lake Region. The purchase of solar panels and alternative electricity sources is often too expensive for private individuals. Net metering allows purchasers of these electricity sources to sell extra megawatt hours into the grid, making the installation of these alternative sources economically feasible.

Energy Loss

Lake Region reported a yearly loss of around 5.40% of the electricity that they transmit. Loss of energy due to heat dissipation during electricity transmission and other causes is a reality of being in the electricity generation industry and providers must report these losses. This percentage of electricity lost earns them a rank of 1000th best out of 3509 suppliers who report energy loss in the US and 26th best out of 87 in the state.

Lake Region Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.110/kWh$0.106/kWh$133.61/mo.$115.18/mo.
726th10.60¢Lake Region's Average residential price per kWh
1885th$122.3Average monthly electricity bill for Lake Region's residential customers

Lake Region Overview

  • Company Type:Cooperative
  • Headquarters:516 South Lake Region Road
    Hulbert, Oklahoma 74441
    United States of America
  • CEO:Scott Manes

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Energy Loss

Lake Region's energy loss due to business operations.

-5.40%

Total Energy Loss

23,177MWh

1000 National Rank

Lake Region Coverage Map

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Lake Region State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Oklahoma25,07542,047,00021100%

Lake Region County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Cherokee County47,078510.93$122.21/mo
Mayes County39,046411.45$130.80/mo
Muskogee County66,339511.76$133.38/mo
Rogers County95,240511.12$135.71/mo
Wagoner County80,981511.23$126.52/mo

Cities Lake Region Has Coverage

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

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Lake Region FAQ:

How many counties does Lake Region offer service in?

There are 5 counties that receive at least some electricity coverage by Lake Region.

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

Lake Region's current average bundled electricity rate is 10.60 cents per kilowatt hour (¢/kWh), compared to the average Oklahoma bundled rate of 11.67 cents and the average national rate of 14.11 cents.

What is the phone number for Lake Region?

Lake Region's customer service phone number is (918) 772-2526

What is the average bundled bill for Lake Region customers each month?

Lake Region currently has an average monthly bundled electric bill of $122.30, compared to the Oklahoma average of $129.83 and the nationwide of $129.83 for bundled service.

Who is the CEO of Lake Region?

Lake Region's current CEO is Scott Manes.

What cities does Lake Region offer service in?

Lake Region has customers in 10 cities throughout the nation including Oklahoma.

Last Reviewed By: Fernando García
Published: 2022-08-01