If you are a customer who pays attention to the LCEC electric bill on an ongoing basis (and we bet most of you are!), you know that we have not seen a rate increase in more than eight years.
That is due in large part to our diligence in providing the best possible price for the best reliable service.
Not For Profit Business Model
As an electric cooperative, LCEC is not in business to make money, only to serve its members/customers. Reliability continues to improve thanks to new technology and process improvements.
The customer experience has been enhanced through convenient payment options, free online energy-saving tools, and strong corporate stewardship. While labor, materials, and cost in general continue to rise, rates have remained stable and service has improved.
LCEC electric bill
There are parts of the LCEC electric bill that we cannot control. The cost of power is more than 60 percent of your bill. Cape Coral customers also see a franchise fee included with their electric bill. This is a fee that LCEC collects and remits to the City of Cape Coral for the right to locate facilities in the rights-of-way.
Franchise fees for LCEC customers range anywhere from 3 percent (Sanibel Island, Everglades City, Cape Coral) to 4.5 percent (Lee County). The City of Marco Island officials set their franchise fee at zero.
Cape Coral customers will also notice a 7 percent Public Service Tax included on their electric bill, which is a tax collected by LCEC and remitted to the City.
LCEC’s dedicated employees work hard to control internal costs, optimize spending and represent the customers’ interests in order to keep rates competitive.
The organization continues to look for ways to hold the line because members have come to expect consistency in everything including rates, reliability, and responsibility.