SECO Energy
Electricity Rates, Plans & Statistics
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About SECO Energy
SECO Energy supplies electricity for 23 cities in the state. The company is an electric cooperative. A total of 241,971 customers (91.07% residential customers, 8.31% commercial customers and 0.62% industrial accounts) are provided electricity by the company. The average residential electricity rate for customers of SECO Energy is around 13.32 cents per kilowatt hour, which is 7.30% below Florida's average price of 14.36 cents. In 2023 the company sold 96.06% of their disposition via normal retail sales to end users. The electricity sourced by the company is made up primarily of megawatt hours they procured via the wholesale electricity market. This category makes up 100.00% of all electricity sourced by the company. In 2023 they had total electricity related revenue of $480,032,000, with 97.56% from retail sales.
The average residential electricity bill for a consumer of SECO Energy is $130.5 per month, while the state average is $158.11. Consumers of the supplier have a 19.82% markdown compared to the rest of the state. Electricity production is not part of the SECO Energy business plan, as they purchase electricity at wholesale rates from other companies and then resell to their customers.
Consumers of SECO Energy are able to participate in net metering, which is a positive for both parties. The purchase of solar panels and alternative electricity sources is often prohibitively priced for citizens. Net metering allows purchasers of these electricity sources to sell extra kilowatt hours back to their electricity supplier, making the installation of these alternative sources more financially friendly.
Electricity providers regularly submit data on energy lost through electricity transmission to government agencies who track electricity grid efficiencies. SECO Energy recently reported a loss of 3.81% of their total electricity generation amount. These averages enable us to compare and contrast the grid efficiencies of the various providers who operate around the US. SECO Energy has received a rank of 752nd best out of 3530 companies who report energy loss in the US and 22nd best out of 51 in Florida.
SECO Energy Rate & Electric Bills
SECO Energy residential electric rates are highest in September and the highest average bill is in July.
Historical Electricity Rates:
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SECO Energy Overview
- Company Type:Cooperative
- Headquarters:330 South Highway 301
Sumterville, Florida 33585
United States of America - CEO:Jim Duncan
SECO Energy Contact
- Website:www.secoenergy.com
- Customer Service Phone:(352) 793 -3801
- Contact Page:www.secoenergy.com
- Social Media:
SECO Energy Service
- Rates & Plans:www.secoenergy.com
- Outage Map:stormcenter.secoenergy.com
- Outage Phone:(352) 793 -3801
- States Served:
- Florida
- Counties Served:
- Pasco County
- Lake County
- Marion County
- Hernando County
- Citrus County
- Major Cities Served:
- The Villages CDP
- Four Corners CDP
- Ocala
- Clermont
- Leesburg
- Eustis
- Liberty Triangle CDP
- Marion Oaks CDP
- Tavares
- Groveland
Energy Loss
SECO Energy's energy loss due to business operations.
Total Energy Loss
154,461MWh
752 National Rank
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SECO Energy Coverage Map
SECO Energy State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Florida | 244,005 | 479,799,374.02 | 11 | 100% |
SECO Energy County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Citrus County | 162,529 | 3 | 12.93 | $145.83/mo |
| Hernando County | 206,896 | 2 | 12.50 | $145.58/mo |
| Lake County | 410,139 | 4 | 14.43 | $143.29/mo |
| Levy County | 42,392 | 4 | 15.01 | $150.02/mo |
| Marion County | 396,415 | 4 | 14.30 | $143.26/mo |
| Pasco County | 608,794 | 3 | 12.71 | $148.56/mo |
| Sumter County | 144,970 | 3 | 13.55 | $134.32/mo |
Cities SECO Energy Has Coverage
- Astatula, FL
- Belleview, FL
- Bushnell, FL
- Center Hill, FL
- Clermont, FL
- Coleman, FL
- Dunnellon, FL
- Eustis, FL
- Fruitland Park, FL
- Groveland, FL
- Howey-in-the-Hills, FL
- Inverness, FL
- Lady Lake, FL
- Leesburg, FL
- Mascotte, FL
- Minneola, FL
- Montverde, FL
- Mount Dora, FL
- Ocala, FL
- Tavares, FL
- Umatilla, FL
- Webster, FL
- Wildwood, FL
* City coverage generated based on government data. Always verify you can get service from the provider.
SECO Energy Reviews
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SECO Energy FAQ:
How many counties does SECO Energy provider electricity in?
There are 7 counties that receive at least some electricity coverage by SECO Energy including Florida.
Who is the CEO of SECO Energy?
SECO Energy's CEO is Jim Duncan.
What is the phone number for SECO Energy?
SECO Energy's customer service phone number is (352) 793 -3801
How much is the average bundled bill for SECO Energy customers each month?
The average monthly bundled electric bill for customers of SECO Energy is $130.50. The Florida average bundled bill is $158.11 and the national average is $158.11.
What is the average bundled electricity rate for SECO Energy customers?
SECO Energy's current average bundled electricity rate is 13.32 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 14.36 cents and the average US rate of 16.06 cents.
What cities does SECO Energy supply electricity in?
SECO Energy serves 23 cities.
