Ocala Electric is headquartered in Ocala, Florida and it provides electricity in the citizens located there. With 54,666 customers, the supplier provides electricity to 43,157 residential customer accounts, 10,579 commercial locations and 930 industrial properties. Ocala Electric's patrons are charged an average residential electricity rate of 10.03 cents per kilowatt hour. Thankfully, this is 15.11% lower than the state's average price of 11.82 cents, which ranks the company 7th best for average electricity rate out of 37 providers in the state. The company had sales of 1,306,441 megawatt hours in 2020 by way of retail sales. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 1,350,518 megawatt hours acquired by the company. Their revenue in 2020 from electricity activities was $140,067,200, with $121,253,700 coming from retail sales to end users.

About Ocala Electric

The state average monthly residential power bill is $131.88, while the Ocala Electric average is 19.85% less at $108.02 per month. This is the 9th lowest average monthly bill amount for a provider in Florida. Consumers of the provider are faced with 1.45 power outages on average per year, with outages lasting about 109.47 minutes. The national averages for these data points are 1.21 outages at 122.99 minutes each. In the previous year the company's electricity sales efforts were responsible for an increase in CO2 emission amounts of 0.35%. The provider is not associated with any electricity production plants and all of the electricity that they sell to their consumers must be purchased wholesale from other companies.

Ocala Electric Net Metering

Ocala Electric, fortunately, offers net metering choices to customers of the company. This is a positive for any consumer considering installing personal solar panels, as net metering allows them to sell their excess wattage back to the electricity supplier.

Energy Loss

Providers routinely report energy lost through electricity transmission to government agencies who track electricity grid efficiencies. Ocala Electric recently reported a loss of 3.26% of their electricity production amount. The state average for energy loss is 4.91% and the United States average is 2.76%. This results in Ocala Electric getting a ranking of 16th best out of 37 electricity companies in the state and 423rd best out of 3511 providers in the United States.

Ocala Electric Rate & Electric Bills

Ocala Electric residential electric rates are highest in January and the highest average bill is in December.

Historical Electric Rates:

Price Per kWHAverage Bill$0.100/kWh$0.093/kWh$108.02/mo.$95.16/mo.
319th10.03¢Ocala Electric's Average residential price per kWh
672nd$108.02Average monthly electric bill for Ocala Electric's residential customers

Ocala Electric Overview

  • Company Type:Municipal
  • Headquarters:1805 North East 30th Avenue Building 400
    Ocala, Florida 34471
    United States of America

Ocala Electric Contact

Ocala Electric Service

Quick Facts About Ocala Electric

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Ocala Electric emits 576,993,839.33 kilograms of CO2 and other equivalent gases due to megawatt hours sold, which ranks it as the 410th highest polluting electricity provider in the US out of 3511.

Energy provider of the year for Florida, Major Provider Category
Top 3 Lowest Residential Electricity Rate
Florida, Major Provider Category
Claim Award
Energy provider of the year for Florida, Major Provider Category
Top 3 Lowest Residential Electricity Rate
Florida, Major Provider Category
Claim Award
Energy provider of the year for Florida, Major Provider Category
Top 3 Lowest Average Residential Monthly Bill
Florida, Major Provider Category
Claim Award

Energy Loss

Ocala Electric's energy loss due to business operations.

-3.26%Light BulbIcon representing Light Bulb.

Total Energy Loss

44,077MWh

423 National Rank

Grid Reliability

Length & Frequency of Ocala Electric's Power Outages

109.47 min.

vs. national average of 122.99 min.

1.45 outages/yr

vs. national average of 1.21

Ocala Electric Coverage Map

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Ocala Electric State Coverage

StateArrow UpArrow pointing upwards.CustomersArrow UpArrow pointing upwards.Sales ($)Arrow UpArrow pointing upwards.State Rank Based On RevenueArrow UpArrow pointing upwards.% of Provider's Residential Sales in StateArrow UpArrow pointing upwards.
Florida54,666121,253,70020100%

Ocala Electric County Coverage

CountyArrow UpArrow pointing upwards.PopulationArrow UpArrow pointing upwards.ProvidersArrow UpArrow pointing upwards.Avg. County Rate (¢)Arrow UpArrow pointing upwards.Avg. Electric BillArrow UpArrow pointing upwards.
Marion County365,579412.63$140.73/mo

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Ocala Electric FAQ:

What is the phone number for Ocala Electric?

The Ocala Electric phone number is (352) 629-2489.

What is the average bill for Ocala Electric customers each month?

Currently, the average monthly electric bill for customers of Ocala Electric is $108.02. The Florida average bill is $131.88 and the national average is $131.88.

What is the average electricity rate for Ocala Electric customers?

The average rate of electricity for customers of Ocala Electric is 10.03 cents per kilowatt hour (¢/kWh).

When will Ocala Electric power be restored?

Ocala Electric's outages last, on average, roughly 109.467 minutes per each outage.

Last Reviewed By: Matt Hope
Published: 2021-03-16Last Updated: 2021-09-20