Electricity Rates in Lake city, AR
Residents of Lake city, AR benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 2 electricity providers, with Craighead Electric Coop Corp being the largest.
Electricity Providers in Lake city
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Craighead Electric Coop Corp | 12.0¢/kWh | 13.0¢/kWh | Cooperative |
| Entergy Arkansas LLC | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Lake city
At 12.0¢/kWh, a typical Lake city household spends approximately $1275.84/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Lake city
Charging an electric vehicle at home in Lake city costs approximately $108.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Arkansas
Frequently Asked Questions
What is the average electricity rate in Lake city, AR?
The average residential electricity rate in Lake city, AR is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Lake city?
Lake city is served by 2 electricity providers. Craighead Electric Coop Corp is the largest provider in the area, though rates and availability vary by specific address.
How do Lake city electricity rates compare to the rest of Arkansas?
Lake city's average rate of 12.0¢/kWh is 7.7% below the Arkansas state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.