LCEC rates are 5th lowest in Florida
LCEC has announces that its electric rates are the fifth lowest amongst electric providers in Florida as of July, 2016. These recent industry benchmarks reflect LCEC’s operating expenses per kWh sold as being in the lowest quartile nationwide, and lowest amongst comparable cooperatives in the state, officials said. LCEC is the main provider of electricity in Lehigh Acres and also serves customers in Cape Coral and North Fort Myers.
“We are very pleased be able to pass through operating and power cost savings to our customers,” LCEC CFO Denise Vidal said. “LCEC continually strives to contain costs while providing excellent reliability and customer service in order to keep rates competitive.”
Becoming the fifth lowest in electric rates for the state is a strategic priority at LCEC, she said.
Rate levels are determined through forecasting sales levels (expected revenue) compared to budgeted spending needs for operations, power supply, and capital investment in the electric infrastructure. When revenue is expected to be more favorable compared to spending, she said the coop passes those savings through to customers in the form of reduced rates.
LCEC has not had a rate increase in more than eight years and has been able to reduce rates five times over the past three years, Vidal said in a news release.
“At LCEC, our mission is to provide efficient, reliable, cost-competitive electric service, emerging energy solutions and excellent service to our customers. We stand behind our mission and are extremely proud to share this news with our customers,” Vidal said.
Although the goal has been reached, efforts to manage costs while providing reliable power will remain on the forefront of the LCEC business plan, she said.
Source: Lee County Electric Cooperative
LCEC rates are 5th lowest in Florida
LCEC has announces that its electric rates are the fifth lowest amongst electric providers in Florida as of July, 2016. These recent industry benchmarks reflect LCEC’s operating expenses per kWh sold as being in the lowest quartile nationwide, and lowest amongst comparable cooperatives in the state, officials said. LCEC is the main provider of electricity in Lehigh Acres and also serves customers in Cape Coral and North Fort Myers.
“We are very pleased be able to pass through operating and power cost savings to our customers,” LCEC CFO Denise Vidal said. “LCEC continually strives to contain costs while providing excellent reliability and customer service in order to keep rates competitive.”
Becoming the fifth lowest in electric rates for the state is a strategic priority at LCEC, she said.
Rate levels are determined through forecasting sales levels (expected revenue) compared to budgeted spending needs for operations, power supply, and capital investment in the electric infrastructure. When revenue is expected to be more favorable compared to spending, she said the coop passes those savings through to customers in the form of reduced rates.
LCEC has not had a rate increase in more than eight years and has been able to reduce rates five times over the past three years, Vidal said in a news release.
“At LCEC, our mission is to provide efficient, reliable, cost-competitive electric service, emerging energy solutions and excellent service to our customers. We stand behind our mission and are extremely proud to share this news with our customers,” Vidal said.
Although the goal has been reached, efforts to manage costs while providing reliable power will remain on the forefront of the LCEC business plan, she said.
Source: Lee County Electric Cooperative
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