Homestead Electric
Electricity Rates, Plans & Statistics
High Power Bills?
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About Homestead Electric
Homestead Electric provides electricity in Homestead, Florida. Homestead Electric's patrons are billed an average residential electricity price of 13.09 cents per kilowatt hour, which is 15.92% below the state's average rate of 15.57 cents. This ranks the provider 7th out of 59 companies in the state for best average electricity rate. In 2022 Homestead Electric sold 615,707 megawatt hours to end users (known as retail sales). Homestead Electric made $64,278,500 in 2022, which came entirely from sales to retail customers.
The nationwide average monthly residential power bill is $135.34, while the Homestead Electric average is 5.46% more at $142.73 per month. Homestead Electric is the 2077th ranked supplier in the nation for average monthly bill total. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other suppliers and then resell it to end customers. Homestead Electric is the 560th largest electricity company out of 3526 providers in the US based on total megawatt hours sold.
Luckily, Homestead Electric allows consumers to take part in net metering. Net metering makes solar panel purchases more economically viable as it gives the ability for individuals to sell electricity back to the grid.
Losing electricity from heat dissipation during electricity transmission and other causes is a reality of operating in the electricity generation business. Suppliers must report these losses. Homestead Electric reported an annual loss of around 3.08% of the electricity that they transmit. This percentage of energy lost results in them being given a rank of 381st best out of 3526 providers who report energy loss in the United States.
Homestead Electric Rate & Electric Bills
Homestead Electric residential electric rates are highest in February and the highest average bill is in July.
Historical Electricity Rates:
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Homestead Electric Overview
- Company Type:Municipal
- Headquarters:675 North Flagler Avenue
Homestead, Florida 33030
United States of America
Homestead Electric Contact
- Website:www.cityofhomestead.com
- Customer Service Phone:(305) 224-4700
- Social Media:
Homestead Electric Service
- Outage Phone:(855) 211-2062
- States Served:
- Florida
- Counties Served:
- Miami-Dade County
- Major Cities Served:
- Homestead
- Leisure City CDP
Energy Loss
Homestead Electric's energy loss due to business operations.
Total Energy Loss
19,569MWh
381 National Rank
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Homestead Electric Coverage Map
Homestead Electric State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Florida | 32,054 | 67,915,776.63 | 32 | 100% |
Homestead Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Miami-Dade County | 2,673,837 | 2 | 14.85 | $163.56/mo |
Homestead Electric Reviews
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Homestead Electric FAQ:
What is the average bundled electricity rate for Homestead Electric customers?
Customers of Homestead Electric, on average, have an electricity bundled rate 13.09 cents per kilowatt hour (¢/kWh).
What is the phone number for Homestead Electric?
You can reach Homestead Electric by phone via (305) 224-4700.
How much is the average bundled bill for Homestead Electric customers each month?
Homestead Electric currently has an average monthly bundled electric bill of $142.73, compared to the Florida average of $169.09 and the nationwide of $169.09 for bundled service.
