SECO Energy
Electricity Rates, Plans & Statistics
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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 230,909 customers (91.07% residential customers, 8.29% commercial customers and 0.64% industrial accounts) are provided electricity by the company. The average residential electricity rate for customers of SECO Energy is around 14.67 cents per kilowatt hour, which is 5.46% below Florida's average price of 15.52 cents. In 2022 the company sold 96.29% 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 2022 they had total electricity related revenue of $535,723,000, with 97.88% from retail sales.
The average residential electricity bill for a consumer of SECO Energy is $150.09 per month, while the state average is $168.6. Consumers of the supplier have a 13.95% 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.
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 3.58% 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 3517 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 June.
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
- Table Of Contents:
Energy Loss
SECO Energy's energy loss due to business operations.
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
SECO Energy State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Florida | 230,909 | 524,372,000 | 12 | 100% |
SECO Energy County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Citrus County | 162,529 | 3 | 15.82 | $172.12/mo |
| Hernando County | 206,896 | 3 | 15.68 | $172.37/mo |
| Lake County | 410,139 | 4 | 16.65 | $170.62/mo |
| Levy County | 42,392 | 4 | 16.30 | $167.78/mo |
| Marion County | 396,415 | 3 | 16.90 | $173.57/mo |
| Pasco County | 608,794 | 4 | 15.57 | $172.96/mo |
| Sumter County | 144,970 | 4 | 16.44 | $169.61/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 86.47 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 $150.09.
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 14.67 cents per kilowatt hour (¢/kWh), compared to the average Florida bundled rate of 15.52 cents and the average US rate of 15.64 cents.
