Lakeland Electric

About Lakeland Electric

Lakeland Electric is a municipally owned organization headquartered in Lakeland, Florida and serving customers in 3 cities in Florida such as the cities of Lakeland, Auburndale, Highland City CDP, Lakeland Highlands CDP, and Medulla CDP. Presently, 134,243 consumers are provided electricity by the company. These customers are a mix of 0.06% industrial locations, 16.38% commercial customers and 83.56% residential locations. Lakeland Electric's average residential electricity rate per kilowatt hour is 9.82 cents per kilowatt hour, which is 28.17% lower than the average national rate of 13.67 cents. Lakeland Electric had total sales and disposition of 3,346,458 megawatt hours in 2020, of which 94.53% were via retail sales. Electricity production and wholesale power purchases made up 73.55% and 8.69%, respectively, of the total electricity sourced. Power facilities the company owns generated 2,461,449 megawatt hours and an additional 290,820 megawatt hours were acquired by way of wholesale channels. In 2020, the company made a total of $296,281,100 from business activities relating to the sale and transfer of electricity. They had 0.87% of their revenue come from wholesale electricity sales and 92.63% from retail sales to end users.

Patrons of the supplier pay an average monthly residential electric bill of $117.62. This is 15.49% below the Florida average bill of $136.36. Customers of the provider are faced with 1.16 power outages on average each year, with outages lasting about 63.32 minutes on average. The national averages for outages and duration are 1.21 outages at 122.99 minutes each. Lakeland Electric is the 14th largest supplier out of 53 electricity companies in the state based on customer count. The provider's production plants have output of 2,109,230.45 megawatt hours by burning natural gas as the fuel source.