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 57,090 customers. There are 47,390 residential customer accounts, 9,675 commercial customers and 25 industrial customer accounts. Peace River Electric's consumers pay an average residential electricity rate of 14.08 cents per kilowatt hour, which ranks the company 29th out of 60 companies in Florida and 1956th out of 2893 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 $133.26, while the Peace River Electric average is 25.19% more at $166.82 per month. Peace River Electric ranks 2585th in the US for average monthly bill amount. The company does not have ownership in any electricity production facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other companies.
Consumers of Peace River Electric are able to participate in net metering solutions, which is a positive for both parties. Net metering makes solar panel installation more economically feasible as it gives the ability for people to sell electricity back to their electricity provider.
Electricity providers routinely submit reports for energy lost through heat dissipation and other causes to government agencies who track infrastructure efficiencies. Peace River Electric recently reported a loss of 5.18% of the electricity generation total. The state of Florida has an energy loss average of 5.48% and the countrywide average is 2.87%, giving Peace River Electric a rank of 929th best out of 3510 providers who report energy loss in the United States.
Peace River Electric Rate & Electric Bills
Peace River Electric residential electric rates are highest in January and the highest average bill is in October.
Historical Electricity Rates:
Peace River Electric Overview
- Company Type:Cooperative
- Headquarters:210 Metheny Road
Wauchula, Florida 33873
United States of America
- CEO:Randy Shaw
Peace River Electric Contact
Peace River Electric Service
- States Served:
- Counties Served:
- Polk County
- Brevard County
- Sarasota County
- Manatee County
- Osceola County
- Major Cities Served:
- North Port
- Lakewood Ranch CDP
- Memphis CDP
- Avon Park
- West Samoset CDP
- Ellenton CDP
- The Meadows CDP
- Table Of Contents:
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Peace River Electric's energy loss due to business operations.
Total Energy Loss
929 National Rank
Peace River Electric Coverage Map
Peace River Electric State Coverage
|State||Customers||Sales ($)||State Rank Based On Revenue||% of Provider's Residential Sales in State|
Peace River Electric County Coverage
|County||Population||Providers||Avg. County Rate (¢)||Avg. Electric Bill|
|Indian River County||167,352||2||14.40||$164.03/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:
What is the phone number for Peace River Electric?
Peace River Electric's customer service phone number is (800) 282-3824
Who is the CEO of Peace River Electric?
The CEO of Peace River Electric is Randy Shaw.
What cities does Peace River Electric offer service in?
Peace River Electric serves electricity in 8 cities.
How much is the average bundled bill for Peace River Electric customers each month?
Customers of Peace River Electric pay, on average, a monthly bundled bill of $166.82.
How many counties does Peace River Electric have customers in to?
There are 10 counties that receive at least some electricity coverage by Peace River Electric.
What is the average bundled electricity rate for Peace River Electric customers?
Peace River Electric's current average bundled electricity rate is 14.08 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 15.09 cents and the average United States rate of 15.61 cents.