Side by side (FL, EIA-861)
| Metric | City of Lakeland | Peace River Electric Coop, Inc |
|---|---|---|
| 2024 average price, ¢/kWh | 11.40 | 12.35 |
| 2023 average price, ¢/kWh | 12.26 | 12.66 |
| Annual cost at 10,800 kWh, $/yr | $1,231 | $1,333 |
| Residential customers (2024) | 121,604 | 57,589 |
| Ownership | Municipal | Co-op |
| Counties served in FL | 1 | 10 |
Average price = residential revenue ÷ sales (bundled service): the all-in price customers actually paid, including supply, delivery and riders. Profiles: City of Lakeland · Peace River Electric Coop, Inc · Florida overview.
Where the territories meet
Both utilities file EIA-861 service territory in: Polk county (FL, 2024).
Adjoining or overlapping territory in a county does not mean households there can pick between the two — service maps are parcel-level and fixed. The county overlap mainly matters when choosing where to live or comparing town-level costs.
Can you actually choose between them?
No — not for delivery. Distribution territories are exclusive and set by address; City of Lakeland and Peace River Electric Coop, Inc do not compete for the same meters. Florida is a regulated retail market — there is no residential supplier shopping; rates are set in utility-commission proceedings (floridapsc.com). The price gap above mainly matters when choosing where to live, comparing towns, or benchmarking your bill.
Questions people ask
- Is City of Lakeland cheaper than Peace River Electric Coop, Inc?
- Yes — in 2024 City of Lakeland customers averaged 11.40 cents/kWh versus 12.35 for Peace River Electric Coop, Inc (EIA-861). City of Lakeland was cheaper by 0.95 cents, about $102 per year at 10,800 kWh.
- Can I switch from Peace River Electric Coop, Inc to City of Lakeland?
- No — distribution territories are exclusive and set by address; you cannot pick between the two wires companies. Florida has no residential supplier shopping either; rates are set in utility-commission proceedings.
- Why is Peace River Electric Coop, Inc more expensive than City of Lakeland?
- EIA-861 averages reflect everything customers actually paid — supply costs, delivery rates, riders, and surcharges across each territory. Differences in generation mix, grid investment, storm costs, and customer density between Peace River Electric Coop and City of Lakeland territory all feed the 0.95-cent gap.