Albemarle Electric

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About Albemarle Electric

Electricity companies must regularly report their customer counts to government agencies. Most recently the provider reported a total of 13,259 customers signed on to receive electricity from the company. Around 0.17% of these customers are industrial accounts, 8.27% are commercial customer accounts and 91.56% are residential properties. Albemarle Electric has an average residential electricity rate of 13.75 cents per kilowatt hour. This is 0.30% higher than the national average rate of 13.71 cents, which ranks the provider 2199th lowest for average electricity rate out of 2923 companies in the country. In 2020 Albemarle Electric had retail sales of 213,955 megawatt hours. Wholesale power purchases made up 100.00% of the total electricity sourced by the company and 227,857 megawatt hours were purchased by way of wholesale channels. Their total revenue in 2020 from electricity related activities was $29,454,000, with 96.69% coming from retail sales to end users.

The average monthly residential electric bill for a customer of Albemarle Electric is $165.27 per month, while the US average is $121.23. Customers of the supplier are faced with 1.25 electrical outages on average each year, with outages lasting around 103.5 minutes on average. The national averages for outages and duration are 1.21 outages at 122.99 minutes each. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates from other providers to then be resold to their customers.

Albemarle Electric Net Metering

Fortunately, Albemarle Electric offers net metering choices to customers of the company. This makes it cheaper for people who are interested to install solar and other electricity options as they have the ability to sell unused wattage back to their supplier.

Energy Loss

Suppliers regularly report energy lost through heat dissipation and other causes to government agencies who track infrastructure efficiencies. Albemarle Electric recently reported a loss of 5.85% of the total electricity production total. This percentage of electricity lost earns them a rank of 42nd best out of 104 providers who report energy loss in the state and 1116th best out of 3509 in the country.

Albemarle Electric Rate & Electric Bills

Albemarle Electric residential electric rates are highest in January and the highest average bill is in January.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.141/kWh$0.130/kWh$181.96/mo.$159.45/mo.
2199th13.75¢Albemarle Electric's Average residential price per kWh
2779th$165.27Average monthly electricity bill for Albemarle Electric's residential customers

Albemarle Electric Overview

  • Company Type:Cooperative
  • Headquarters: 125 Cooperative Way
    Hertford, North Carolina 27944
    United States of America
  • CEO:Gary Ray

Albemarle Electric Contact

Albemarle Electric Service

Reduce or replace your electricity bill with solar for as low as $0 down and $79/mo

Energy provider of the year for North Carolina, Major Provider Category
Top 3 Least Outages Per Year
North Carolina, Major Provider Category
Claim Award

Energy Loss

Albemarle Electric's energy loss due to business operations.

-5.85%

Total Energy Loss

13,325MWh

1116 National Rank

Grid Reliability

Length & Frequency of Albemarle Electric's Power Outages

103.5 min.

vs. national average of 122.99 min.

1.25 outages/yr

vs. national average of 1.21

Albemarle Electric Coverage Map

Coverage Map Placeholder

Albemarle Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
North Carolina13,25928,479,00043100%

Albemarle Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Camden County10,355212.28$152.70/mo
Chowan County13,708412.59$154.98/mo
Currituck County28,100211.58$146.67/mo
Pasquotank County40,568312.59$154.60/mo
Perquimans County13,005312.63$155.56/mo

Albemarle Electric Reviews

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Albemarle Electric FAQ:

What is the average bundled bill for Albemarle Electric customers each month?

Consumers of Albemarle Electric pay, on average, a monthly bundled bill of $165.27.

How many counties does Albemarle Electric provider electricity to?

Albemarle Electric sells electricity in 5 counties throughout the United States.

What is the average bundled electricity rate for Albemarle Electric customers?

Albemarle Electric's current average bundled electricity rate is 13.75 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 11.25 cents and the average nationwide rate of 13.71 cents.

When will Albemarle Electric power be restored?

Average outage times for Albemarle Electric are roughly 103.5 minutes per outage.

Who is the CEO of Albemarle Electric?

The CEO of Albemarle Electric is Gary Ray.

What is the phone number for Albemarle Electric?

You can reach Albemarle Electric by phone via (252) 426-5735.

Last Reviewed By: Matt Hope
Published: 2022-08-01