SECO Energy

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About SECO Energy

SECO Energy supplies electricity for 21 cities in the state. The company is an electric cooperative. A total of 216,477 customers (91.18% residential customers, 8.17% commercial customers and 0.65% industrial accounts) are provided electricity by the company. The average residential electricity rate for customers of SECO Energy is around 12.23 cents per kilowatt hour, which is 5.49% below Florida's average price of 12.94 cents. In 2020 the company sold 96.67% 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 2020 they had total electricity related revenue of $422,969,000, with 97.83% from retail sales.

The average residential electricity bill for a consumer of SECO Energy is $130.61 per month, while the state average is $144.67. Consumers of the supplier have a 11.16% markdown compared to the rest of the state. The supplier's consumers deal with an average of 1.23 power outages per consumer per year. These outages go on for an average of 72.65 minutes, while the nationwide average is 1.21 outages per customer and 122.99 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 3.20% 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 407th best out of 3509 companies who report energy loss in the US and 13th best out of 53 in Florida.

SECO Energy Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.122/kWh$0.119/kWh$130.61/mo.$120.09/mo.
1557th12.23¢SECO Energy's Average residential price per kWh
2159th$130.61Average monthly electricity bill for SECO Energy's residential customers

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

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Energy Loss

SECO Energy's energy loss due to business operations.

-3.20%

Total Energy Loss

120,221MWh

407 National Rank

Grid Reliability

Length & Frequency of SECO Energy's Power Outages

72.65 min.

vs. national average of 122.99 min.

1.23 outages/yr

vs. national average of 1.21

SECO Energy Coverage Map

Coverage Map Placeholder

SECO Energy State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Florida216,477413,794,00012100%

SECO Energy County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Citrus County153,843313.22$148.63/mo
Hernando County194,515313.13$149.03/mo
Lake County383,956413.72$145.76/mo
Levy County42,915413.63$143.42/mo
Marion County375,908314.01$149.00/mo
Pasco County561,891413.00$148.88/mo
Sumter County129,752413.52$144.60/mo

Cities SECO Energy Has Coverage

  • Astatula, FL
  • Belleview, FL
  • Bushnell, FL
  • Clermont, FL
  • Coleman, FL
  • Dunnellon, FL
  • Eustis, 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 72.65 minutes.

What cities does SECO Energy have customers in to?

SECO Energy provides electricity in 21 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 $130.61.

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 12.23 cents per kilowatt hour (¢/kWh), compared to the average Florida bundled rate of 12.94 cents and the average US rate of 14.11 cents.

Last Reviewed By: Nick Reese
Published: 2022-09-27