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, Medulla CDP, Lakeland Highlands CDP, and Fuller Heights CDP. Presently, 133,118 consumers are provided electricity by the company. These customers are a mix of 0.06% industrial locations, 12.12% commercial customers and 87.82% residential locations. Lakeland Electric's average residential electricity rate per kilowatt hour is 12.18 cents per kilowatt hour, which is 22.12% lower than the average national rate of 15.64 cents. Lakeland Electric had total sales and disposition of 3,423,750 megawatt hours in 2022, of which 98.84% were via retail sales. Electricity production and wholesale power purchases made up 72.33% and 5.05%, respectively, of the total electricity sourced. Power facilities the company owns generated 2,476,533 megawatt hours and an additional 172,871 megawatt hours were acquired by way of wholesale channels. In 2022, the company made a total of $398,229,000 from business activities relating to the sale and transfer of electricity. They had 1.45% of their revenue come from wholesale electricity sales and 93.79% from retail sales to end users.

Patrons of the supplier pay an average monthly residential electricity bill of $146.66. This is 10.53% more than the nationwide average of $132.69. Customers of the provider are faced with 1.19 power outages on average each year, with outages lasting about 73.36 minutes on average. The national averages for outages and duration are 1.27 outages at 137.24 minutes each. Lakeland Electric is the 14th largest supplier out of 53 electricity companies in the state based on customer count. The provider is the 12th highest out of 53 in the state for total megawatt hours generated using natural gas.