Lake Country Power
Electricity Rates, Plans & Statistics
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About Lake Country Power
Lake Country Power supplies electricity to 8 counties and is considered an electric cooperative. Consumers of Lake Country Power are charged an average residential electricity rate of 16.57 cents per kilowatt hour, which is 6.60% higher than the average Minnesota price of 15.54 cents and 5.14% above the nationwide average of 15.76. In 2022 the company sold 755,898 megawatt hours via retail sales to end users. During the same timeframe, Lake Country Power purchased 804,413 megawatt hours via wholesale electricity channels. In 2022, they made a total of $108,745,300 from business activities relating to the sale and transfer of electricity. They had 99.30% of their revenue coming from retail sales to end users.
Customers of the company have an average monthly residential power bill of $143.75. This is 27.34% more than the Minnesota average bill of $106.75. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it to end consumers.
Fortunately, Lake Country Power offers net metering choices to their consumers. Net metering allows individuals to sell megawatt hours back to the grid, making the purchase of solar panels and other electricity sources a cheaper endeavor.
Electricity companies regularly submit reports for energy lost through electricity transmission to government agencies who track electricity grid efficiencies. Lake Country Power recently reported a loss of 5.74% of the electricity generation amount. This percentage of electricity lost results in them being given a ranking of 43rd best out of 167 companies who report energy loss in the state and 1050th best out of 3526 in the US.
Lake Country Power Rate & Electric Bills
Lake Country Power residential electric rates are highest in June and the highest average bill is in July.
Historical Electricity Rates:
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Lake Country Power Overview
- Company Type:Cooperative
- Headquarters:26039 Bear Ridge Drive
Cohasset, Minnesota 55721
United States of America - CEO:Mark Bakk
Lake Country Power Contact
- Website:www.lakecountrypower.coop
- Customer Service Phone:(218) 863-1171
- Contact Page:www.lrec.coop
- Social Media:
Lake Country Power Service
- Rates & Plans:www.lakecountrypower.coop
- Outage Map:outage.lcp.coop
- Outage Phone:(218) 863-1171
- States Served:
- Minnesota
- Counties Served:
- St. Louis County
- Itasca County
- Carlton County
- Cass County
- Pine County
- Major Cities Served:
- Hibbing
- Grand Rapids
- Virginia
- Rice Lake
- Ely
- Moose Lake
- Mountain Iron
- Cohasset
- Gilbert
- Coleraine
Energy Loss
Lake Country Power's energy loss due to business operations.
Total Energy Loss
46,210MWh
1050 National Rank
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Lake Country Power Coverage Map
Lake Country Power State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Minnesota | 46,907 | 99,442,264.5 | 11 | 100% |
Lake Country Power County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Aitkin County | 15,747 | 4 | 16.27 | $128.38/mo |
| Carlton County | 36,145 | 4 | 16.00 | $128.91/mo |
| Cass County | 29,917 | 6 | 14.75 | $131.36/mo |
| Itasca County | 44,969 | 6 | 17.40 | $132.41/mo |
| Koochiching County | 12,203 | 4 | 16.00 | $145.41/mo |
| Lake County | 10,835 | 5 | 15.48 | $132.85/mo |
| Pine County | 28,997 | 3 | 16.24 | $133.09/mo |
| St. Louis County | 199,532 | 11 | 16.09 | $135.76/mo |
Cities Lake Country Power Has Coverage
- Babbitt, MN
- Bena, MN
- Boy River, MN
- Buhl, MN
- Cohasset, MN
- Coleraine, MN
- Cook, MN
- Cromwell, MN
- Deer River, MN
- Ely, MN
- Federal Dam, MN
- Gilbert, MN
- Grand Rapids, MN
- Hibbing, MN
- Hill City, MN
- Keewatin, MN
- Kettle River, MN
- La Prairie, MN
- Longville, MN
- McKinley, MN
- Moose Lake, MN
- Mountain Iron, MN
- Nashwauk, MN
- Orr, MN
- Remer, MN
- Rice Lake, MN
- Sturgeon Lake, MN
- Taconite, MN
- Tamarack, MN
- Tower, MN
- Virginia, MN
- Warba, MN
- Wright, MN
- Zemple, MN
* City coverage generated based on government data. Always verify you can get service from the provider.
Lake Country Power Reviews
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Lake Country Power FAQ:
Who is the CEO of Lake Country Power?
The current CEO of Lake Country Power is Mark Bakk.
What cities does Lake Country Power offer service in?
Lake Country Power serves 34 cities in the country including Minnesota.
What is the average bundled electricity rate for Lake Country Power customers?
Lake Country Power's current average bundled electricity rate is 16.57 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 15.54 cents and the average national rate of 15.76 cents.
What is the phone number for Lake Country Power?
Lake Country Power's customer service phone number is (218) 863-1171
How many counties does Lake Country Power sell electricity in?
Lake Country Power offers service in 8 counties.
How much is the average bundled bill for Lake Country Power customers each month?
The average monthly bundled electric bill for customers of Lake Country Power is $143.75. The state average bundled bill is $106.75 and the United States average is $106.75.
