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, 15,590 consumers receive their electricity from the supplier. These customers are a mix of 55.07% residential locations, 44.75% commercial customer accounts and 0.17% industrial customer accounts. Lea County Electric charges their consumers a residential electricity rate of 11.30 cents per kilowatt hour on average. Fortunately for their patrons, this rate is lower than the US average rate of 15.76 cents per kilowatt hour. In 2022 they sold 1,280,126 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 2022, the provider earned $116,637,000 from retail electricity sales to end users. Their total revenue from all electricity activities was $117,349,000.

The US average monthly residential electricity bill is $135.34, while the Lea County Electric average is 1.94% less at $132.72 per month. 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.