Albemarle Electric
Electricity Rates, Plans & Statistics
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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 13,509 customers signed on to receive electricity from the company. Around 0.16% of these customers are industrial accounts, 7.89% are commercial customer accounts and 91.95% are residential properties. Albemarle Electric has an average residential electricity rate of 16.21 cents per kilowatt hour. This is 2.88% higher than the national average rate of 15.76 cents, which ranks the provider 2372nd lowest for average electricity rate out of 2892 companies in the country. In 2022 Albemarle Electric had retail sales of 231,790 megawatt hours. Wholesale power purchases made up 100.00% of the total electricity sourced by the company and 245,579 megawatt hours were purchased by way of wholesale channels. Their total revenue in 2022 from electricity related activities was $30,913,000, with 98.86% coming from retail sales to end users.
The average monthly residential electric bill for a customer of Albemarle Electric is $195.04 per month, while the US average is $135.34. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it to end consumers.
Fortunately, Albemarle Electric offers net metering choices to customers of the company. This makes it cheaper for people who are interested to install solar and other electricity options as they have the ability to sell unused wattage back to their supplier.
Suppliers regularly report energy lost through heat dissipation and other causes to government agencies who track infrastructure efficiencies. Albemarle Electric recently reported a loss of 5.36% of the total electricity production total. This percentage of electricity lost earns them a rank of 31st best out of 104 providers who report energy loss in the state and 963rd best out of 3526 in the country.
Albemarle Electric Rate & Electric Bills
Albemarle Electric residential electric rates are highest in March and the highest average bill is in January.
Historical Electricity Rates:
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Albemarle Electric Overview
- Company Type:Cooperative
- Headquarters: 125 Cooperative Way
Hertford, North Carolina 27944
United States of America - CEO:Gary Ray
Albemarle Electric Contact
- Website:www.aemc.coop
- Customer Service Phone:(252) 426-5735
- Contact Page:www.aemc.coop
- Social Media:
Albemarle Electric Service
- Outage Map:dfs.aemc.coop:7576
- Outage Phone:(800) 274-2072
- States Served:
- North Carolina
- Counties Served:
- Pasquotank County
- Currituck County
- Chowan County
- Perquimans County
- Camden County
- Major Cities Served:
Energy Loss
Albemarle Electric's energy loss due to business operations.
Total Energy Loss
13,169MWh
963 National Rank
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Albemarle Electric Coverage Map
Albemarle Electric State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| North Carolina | 13,509 | 34,283,737.89 | 45 | 100% |
Albemarle Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Camden County | 10,353 | 2 | 14.73 | $176.37/mo |
| Chowan County | 13,796 | 3 | 14.98 | $179.41/mo |
| Currituck County | 27,575 | 2 | 14.09 | $167.43/mo |
| Pasquotank County | 40,240 | 3 | 14.97 | $178.75/mo |
| Perquimans County | 13,002 | 3 | 15.05 | $180.61/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 $195.04.
How many counties does Albemarle Electric offer service in?
There are 5 counties that receive at least some electricity coverage by Albemarle Electric.
What is the average bundled electricity rate for Albemarle Electric customers?
The average bundled price of electricity for customers of Albemarle Electric is 16.21 cents per kilowatt hour (¢/kWh).
What is the phone number for Albemarle Electric?
You can reach Albemarle Electric by phone via (252) 426-5735.
Who is the CEO of Albemarle Electric?
The CEO of Albemarle Electric is Gary Ray.
