Peace River Electric
Electricity Rates, Plans & Statistics
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About Peace River Electric
Peace River Electric is an electric cooperative. The largest county serviced by Peace River Electric is Polk County, but the company also operates in in 10 counties in the state of Florida. The supplier has a total of 57,904 customers. There are 48,215 residential customer accounts, 9,661 commercial customers and 28 industrial customer accounts. Peace River Electric's consumers pay an average residential electricity rate of 15.06 cents per kilowatt hour, which ranks the company 30th out of 59 companies in Florida and 2035th out of 2895 in the country. In 2022 the company sold 1,016,429 megawatt hours by way of retail sales to end users. During the same timeframe, Peace River Electric purchased 1,071,966 megawatt hours through wholesale channels. The revenue for Peace River Electric for 2022 from electricity sales was $139,589,500, with $137,433,800 coming from retail sales to end users.
The national average monthly residential power bill is $137.33, while the Peace River Electric average is 28.84% more at $176.93 per month. Peace River Electric ranks 2676th in the US for average monthly bill amount. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates from other suppliers and then resell to their consumers. The power grid owned by the company experiences 1.5 outages per consumer a year, with outages lasting roughly 171.3 minutes. The nationwide average for other companies is 1.45 outages per customer and approximately 171.11 minutes an outage.
Consumers of Peace River Electric are able to participate in net metering solutions, which is a positive for both parties. Net metering makes solar panel installation more economically feasible as it gives the ability for people to sell electricity back to their electricity provider.
Electricity providers routinely submit reports for energy lost through heat dissipation and other causes to government agencies who track infrastructure efficiencies. Peace River Electric recently reported a loss of 5.18% of the electricity generation total. The state of Florida has an energy loss average of 5.48% and the countrywide average is 2.87%, giving Peace River Electric a rank of 929th best out of 3529 providers who report energy loss in the United States.
Peace River Electric Rate & Electric Bills
Peace River Electric residential electric rates are highest in February and the highest average bill is in August.
Historical Electricity Rates:
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Peace River Electric Overview
- Company Type:Cooperative
- Headquarters:210 Metheny Road
Wauchula, Florida 33873
United States of America - CEO:Randy Shaw
Peace River Electric Contact
- Website:www.preco.coop
- Customer Service Phone:(800) 282-3824
- Contact Page:www.preco.coop
- Social Media:
Peace River Electric Service
- Rates & Plans:www.preco.coop
- Outage Map:members.preco.coop
- Outage Phone:(800) 282-3824
- States Served:
- Florida
- Counties Served:
- Polk County
- Brevard County
- Sarasota County
- Manatee County
- Osceola County
- Major Cities Served:
- North Port
- Bradenton
- Lakewood Ranch CDP
- Palmetto
- Memphis CDP
- Avon Park
- Arcadia
- West Samoset CDP
- Ellenton CDP
- The Meadows CDP
Energy Loss
Peace River Electric's energy loss due to business operations.
Total Energy Loss
55,537MWh
929 National Rank
Grid Reliability
Length & Frequency of Peace River Electric's Power Outages
171.3 min.
vs. national average of 171.11 min.
1.5 outages/yr
vs. national average of 1.45
Power Outages
Currently, 0 customers are being tracked in Peace River Electric.
Customers Out:
0
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Peace River Electric Coverage Map
Peace River Electric State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Florida | 57,904 | 146,930,143.49 | 17 | 100% |
Peace River Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Brevard County | 630,693 | 3 | 15.41 | $167.79/mo |
| DeSoto County | 34,027 | 2 | 14.64 | $165.40/mo |
| Hardee County | 25,632 | 4 | 16.45 | $178.35/mo |
| Highlands County | 105,618 | 4 | 17.71 | $186.35/mo |
| Indian River County | 167,352 | 2 | 14.63 | $165.15/mo |
| Manatee County | 429,125 | 2 | 14.81 | $170.33/mo |
| Okeechobee County | 39,716 | 4 | 17.02 | $182.50/mo |
| Osceola County | 422,545 | 4 | 16.87 | $175.94/mo |
| Polk County | 787,404 | 7 | 16.28 | $176.93/mo |
| Sarasota County | 462,286 | 2 | 14.65 | $165.75/mo |
Cities Peace River Electric Has Coverage
* City coverage generated based on government data. Always verify you can get service from the provider.
Peace River Electric Reviews
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Peace River Electric FAQ:
When will Peace River Electric power be restored?
Peace River Electric's outages last, on average, roughly 171.3 minutes per each outage.
Who is the CEO of Peace River Electric?
Randy Shaw is the CEO of Peace River Electric.
What cities does Peace River Electric provider electricity in?
Peace River Electric supplies to 8 cities in the US including Florida.
What is the average bundled electricity rate for Peace River Electric customers?
Customers of Peace River Electric, on average, have an electricity bundled rate 15.06 cents per kilowatt hour (¢/kWh).
How much is the average bundled bill for Peace River Electric customers each month?
The average monthly bundled electric bill for customers of Peace River Electric is $176.93. The state average bundled bill is $167.98 and the national average is $167.98.
What is the phone number for Peace River Electric?
You can reach Peace River Electric by phone via (800) 282-3824.
How many counties does Peace River Electric sell electricity to?
Peace River Electric provides electricity to customers in 10 counties.
