Albemarle Electric: Rates and Coverage Area

Albemarle Electric

Electricity Rates, Plans & Statistics

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About Albemarle Electric

Albemarle Electric is an electric cooperative. Cooperatives are owned by their customers and managed by individuals who are voted into their roles. Albemarle Electric's customers spend, on average, 15.78 cents per kilowatt hour for their electricity. Regrettably, this is 17.47% above North Carolina's average rate of 13.44 cents, ranking the provider at 72nd lowest for average electricity rate out of 108 suppliers in North Carolina. In 2022 the company sold 94.39% of their total megawatt hours disposed to end users (known as retail sales). Wholesale power purchases made up 100.00% of all electricity sourced and 245,579 megawatt hours were acquired via the wholesale electricity market. In 2022 they had total electricity related revenue of $30,913,000, with 98.86% coming from retail sales.

The average monthly residential electric bill for a customer of Albemarle Electric is $192.63 per month, while the US average is $135.78. Customers of the supplier are faced with 1.4 electrical outages on average each year, with outages lasting around 95.3 minutes on average. The national averages for outages and duration are 1.27 outages at 137.24 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 5.36% of the total electricity production total. This percentage of electricity lost earns them a rank of 31st best out of 103 providers who report energy loss in the state and 963rd best out of 3518 in the country.

Albemarle Electric Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.177/kWh$0.121/kWh$243.97/mo.$118.72/mo.
2292nd15.78¢Albemarle Electric's Average residential price per kWh
2803rd$192.63Average monthly electricity bill for Albemarle Electric's residential customers

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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

  • States Served:
    • North Carolina
Energy provider of the year for North Carolina, Major Provider Category
Top 3 Least Outages Per Year
North Carolina, Major Provider Category
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Energy Loss

Albemarle Electric's energy loss due to business operations.

-5.36%

Total Energy Loss

13,169MWh

963 National Rank

Grid Reliability

Length & Frequency of Albemarle Electric's Power Outages

95.3 min.

vs. national average of 137.24 min.

1.4 outages/yr

vs. national average of 1.27

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Albemarle Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
North Carolina13,45933,745,028.0745100%

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 $192.63.

What is the phone number for Albemarle Electric?

The Albemarle Electric phone number is (252) 426-5735.

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

Consumers of Albemarle Electric, on average, have an electricity bundled rate 15.78 cents per kilowatt hour (¢/kWh).

Who is the CEO of Albemarle Electric?

Gary Ray is the CEO of Albemarle Electric.

When will Albemarle Electric power be restored?

Albemarle Electric's outages last, on average, approximately 95.3 minutes per outage.

Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-05-25