Lea County Electric

About Lea County Electric

With headquarters in Lovington, New Mexico, Lea County Electric offers electricity services 2 states in the country and is classified as an electric cooperative. Presently, 15,503 consumers receive their electricity from the supplier. These customers are a mix of 53.36% residential locations, 46.46% commercial customer accounts and 0.18% industrial customer accounts. Lea County Electric charges their consumers a residential electricity rate of 10.46 cents per kilowatt hour on average. Fortunately for their patrons, this rate is lower than the US average rate of 16.22 cents per kilowatt hour. In 2023 they sold 1,373,957 megawatt hours by way of retail sales to end users. The electricity sourced by the company is made up primarily of megawatt hours they acquired on wholesale channels. This category comprises 100.00% of the total electricity sourced by the company. In 2023, the provider earned $102,766,000 from retail electricity sales to end users. Their total revenue from all electricity activities was $103,537,000.

The national average monthly residential electricity bill is $143.38, while the Lea County Electric average is 2.25% higher at $146.6 per month. Lea County Electric is the 1788th ranked company in the nation for average monthly bill total. The supplier does not have ownership in any power facilities and all of the megawatt hours that they sell to their consumers must be purchased from other suppliers.