Lea County Electric
Electricity Rates, Plans & Statistics
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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, 16,259 consumers receive their electricity from the supplier. These customers are a mix of 55.27% residential locations, 44.57% commercial customer accounts and 0.16% industrial customer accounts. Lea County Electric charges their consumers a residential electricity rate of 17.30 cents per kilowatt hour on average. Unfortunately for their patrons, this rate is above the US average rate 13.67 cents per kilowatt hour. In 2020 they sold 1,298,109 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 2020, the provider earned $89,094,000 from retail electricity sales to end users. Their total revenue from all electricity activities was $89,713,000.
The national average monthly residential electricity bill is $120.97, while the Lea County Electric average is 50.82% higher at $182.45 per month. Lea County Electric is the 2712th ranked company in the nation for average monthly bill total. Electricity production is not part of the Lea County Electric business plan, as they purchase power at wholesale rates from other companies to then be resold to their consumers. Customers of the company deal with 1.31 power outages each year with outages lasting on average 145 minutes.
Energy loss is always a reality when dealing with electricity transmission. Lea County Electric currently averages a loss of roughly 3.69% of the aggregate electricity they generate. These averages allow us to compare the grid efficiencies of the suppliers who operate throughout the United States. Lea County Electric has received a ranking of 547th best out of 3510 companies who report energy loss in the nation.
Lea County Electric Rate & Electric Bills
Lea County Electric residential electric rates are highest in January and the highest average bill is in January.
Historical Electricity Rates:
Lea County Electric Overview
- Company Type:Cooperative
- Headquarters:1300 West Avenue D
Lovington, New Mexico 88260
United States of America
- CEO:Bobby Ferris
Lea County Electric Contact
Lea County Electric Service
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Lea County Electric's energy loss due to business operations.
Total Energy Loss
547 National Rank
Length & Frequency of Lea County Electric's Power Outages
vs. national average of 122.99 min.
vs. national average of 1.21
Lea County Electric Coverage Map
Lea County Electric State Coverage
|State||Customers||Sales ($)||State Rank Based On Revenue||% of Provider's Residential Sales in State|
Lea County Electric County Coverage
Cities Lea County Electric Has Coverage
- Lovington, NM
- Plains, TX
- Tatum, NM
* City coverage generated based on government data. Always verify you can get service from the provider.
Lea County Electric Reviews
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Lea County Electric FAQ:
What is the phone number for Lea County Electric?
Lea County Electric's customer service phone number is (575) 396-3631
What is the average BUNDLED electricity rate for Lea County Electric customers?
The average BUNDLED rate of electricity for customers of Lea County Electric is 17.30 cents per kilowatt hour (¢/kWh).
How many states does Lea County Electric sell electricity in?
Lea County Electric offers service to customers in 2 states.
How much is the average bundled bill for Lea County Electric customers each month?
Currently, the average monthly bundled electric bill for customers of Lea County Electric is $182.45. The nationwide average is $120.97 for bundled service.
How many counties does Lea County Electric offer service in?
There are 5 counties that receive at least some electricity coverage by Lea County Electric.
Who is the CEO of Lea County Electric?
Bobby Ferris is the CEO of Lea County Electric.
When will Lea County Electric power be restored?
Lea County Electric's outages last, on average, about 144.999 minutes per outage.
What cities does Lea County Electric sell electricity in?
Lea County Electric serves electricity in 3 cities.