SECO Energy: Rates and Coverage Area

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. On average, SECO Energy's consumers pay a residential electricity rate of 16.09 cents per kilowatt hour, which is 2.68% higher than the state's average price of 15.67 cents. This ranks the company 41st best for average electricity price out of 59 suppliers in Florida. The provider had total sales and disposition of 3,980,886 megawatt hours in 2022, of which 3,833,147 megawatt hours were via retail sales. Of the megawatt hours they sourced, 3,980,886 megawatt hours were acquired on wholesale channels. Their total revenue in 2022 from electricity related activities was $535,723,000, with $524,372,000 from retail sales to end users.

The average residential electricity bill for a consumer of SECO Energy is $164.91 per month, while the state average is $172.69. Consumers of the supplier have a 5.73% markdown compared to the rest of the state. The supplier's consumers deal with an average of 1.32 power outages per consumer per year. These outages go on for an average of 86.47 minutes, while the nationwide average is 1.27 outages per customer and 137.24 minutes an outage. Electricity generation is not part of the SECO Energy business plan, as they purchase electricity at wholesale rates and then resell to their consumers.

SECO Energy Net Metering

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.

Energy Loss

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 3.58% 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 512th best out of 3518 companies who report energy loss in the US and 13th best out of 51 in Florida.

SECO Energy Rate & Electric Bills

SECO Energy residential electric rates are highest in January and the highest average bill is in March.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.167/kWh$0.107/kWh$219.25/mo.$91.09/mo.
2365th16.09¢SECO Energy's Average residential price per kWh
2515th$164.91Average monthly electricity bill for SECO Energy's residential customers

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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

SECO Energy Service

Energy Loss

SECO Energy's energy loss due to business operations.

-3.58%

Total Energy Loss

142,498MWh

512 National Rank

Grid Reliability

Length & Frequency of SECO Energy's Power Outages

86.47 min.

vs. national average of 137.24 min.

1.32 outages/yr

vs. national average of 1.27

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SECO Energy Coverage Map

Coverage Map Placeholder

SECO Energy State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Florida233,347561,988,803.411100%

SECO Energy County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Citrus County162,529316.41$178.63/mo
Hernando County206,896316.28$179.08/mo
Lake County410,139417.19$175.85/mo
Levy County42,392416.96$174.16/mo
Marion County396,415417.18$176.66/mo
Pasco County608,794416.16$179.62/mo
Sumter County144,970317.12$175.69/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.

When will SECO Energy power be restored?

The average number of minutes for an outage for SECO Energy's customers is 86.47 minutes.

What cities does SECO Energy have customers in to?

SECO Energy provides electricity in 23 cities.

How much is the average bundled bill for SECO Energy customers each month?

Customers of SECO Energy pay, on average, a monthly bundled bill of $164.91.

What is the phone number for SECO Energy?

You can reach SECO Energy by phone via (352) 793 -3801.

What is the average bundled electricity rate for SECO Energy customers?

SECO Energy's current average bundled electricity rate is 16.09 cents per kilowatt hour (¢/kWh), compared to the average Florida bundled rate of 15.67 cents and the average US rate of 15.68 cents.

Nick Reese
Last Reviewed By: Nick Reese
Published: 2024-05-09