Ocala Electric

Electricity Rates, Plans & Statistics

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About Ocala Electric

Ocala Electric provides electricity for Ocala, Florida and is a municipally owned entity. They currently provide electricity to residential, commercial and industrial customer accounts, with a total of 43,157 residential customers, 10,579 commercial customers and 930 industrial customers signed on for their services. The average residential electricity price for Ocala Electric is roughly 10.03 cents per kilowatt hour, which is 28.90% below the nationwide average rate of 14.11 cents. This makes the provider 499th lowest for average electricity price out of 2923 providers in the nation. About 1,306,441 megawatt hours were sold by the supplier to retail customers in 2020. The electricity sourced by the supplier primarily came from megawatt hours that they acquired by way of wholesale channels. They purchased 1,350,518 megawatt hours on the wholesale market. The revenue for Ocala Electric for 2020 from electricity sales was $140,067,200, with 86.57% coming from retail sales to end users.

Patrons of the provider pay an average residential power bill of $108.02. This is 29.10% less than the state average of $144.67. Electricity generation is not part of the Ocala Electric business plan, as they purchase electricity at wholesale rates from other companies and then resell to their consumers. The power grid operated by the provider experiences an average of 1.45 outages per consumer each year, with outages lasting on average 109.47 minutes. The nationwide average for other suppliers is 1.21 outages per consumer and about 122.99 minutes per outage.

Ocala Electric Net Metering

Customers of Ocala Electric are able to participate in net metering, which is a positive for both parties. Net metering makes solar panel installation more economically feasible as it allows individuals to sell electricity back to the grid.

Energy Loss

All providers who transmit electricity have some energy loss via heat depletion or alternative causes. Ocala Electric is not an exception, as they have a yearly loss of about 3.26% of the electricity they generate. The Florida average for energy loss is 4.91% and the US average is 2.76%. This leaves Ocala Electric with a ranking of 16th best out of 53 electricity providers in the state and 422nd best out of 3509 companies in the country.

Ocala Electric Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.100/kWh$0.093/kWh$108.02/mo.$95.16/mo.
499th10.03¢Ocala Electric's Average residential price per kWh
1337th$108.02Average monthly electricity bill for Ocala Electric's residential customers

Ocala Electric Overview

  • Company Type:Municipal
  • Headquarters:1805 Northeast 30th Avenue Building 400
    Ocala, Florida 34471
    United States of America
  • Director/Superintendent:Sandra Wilson

Ocala Electric Contact

Ocala Electric Service

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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%

Total Energy Loss

44,077MWh

422 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

Coverage Map Placeholder

Ocala Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Florida54,666121,253,70019100%

Ocala Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Marion County375,908314.01$149.00/mo

Ocala Electric Reviews

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Ocala Electric FAQ:

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

Ocala Electric currently has an average monthly bundled electric bill of $108.02, compared to the Florida average of $144.67 and the United States average of $144.67 for bundled service.

When will Ocala Electric power be restored?

The average number of minutes for an outage for Ocala Electric's consumers is 109.467 minutes.

What is the average bundled electricity rate for Ocala Electric customers?

Ocala Electric's current average bundled electricity rate is 10.03 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 12.94 cents and the average national rate of 14.11 cents.

What is the phone number for Ocala Electric?

You can reach Ocala Electric by phone via (352) 629-2489.

Who is the CEO of Ocala Electric?

The CEO of Ocala Electric is Sandra Wilson.

Last Reviewed By: Matt Hope
Published: 2022-08-01