Apex Utilities

Electricity Rates, Plans & Statistics

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About Apex Utilities

Apex Utilities provides electricity in Apex in Wake County, North Carolina. There are 25,135 customers of the company. Exactly 1,758 of them are commercial accounts and 23,377 of them are residential accounts. The residential electricity rate for consumers of Apex Utilities is, on average, 10.25 cents per kilowatt hour, which is, luckily, 25.25% less than the average US price of 13.71 cents. In 2020 Apex Utilities sold 93.10% of their total megawatt hours disposed via normal retail sales to end users. Wholesale power purchases made up 100.00% of all electricity sourced by the company . Exactly 373,243 megawatt hours were acquired via the wholesale electricity market. They made $34,109,700 in total revenue in 2020 through retail electricity sales alone.

The state average monthly residential electricity bill is $118.54, while the Apex Utilities average is 28.04% below at $84.55 per month. This is the 3rd lowest average monthly bill amount for a supplier in North Carolina. Electricity generation is not part of the Apex Utilities business model, as they purchase electricity at wholesale rates from other companies and then resell to their end users.

Apex Utilities Net Metering

Apex Utilities is one of 23 providers in the state who offer net metering to their consumers. Net metering allows citizens to sell wattage back to their company, which makes the installation of solar panels and other alternative electricity sources more financially viable.

Energy Loss

Loss of electricity from heat dissipation while transmitting electricity and other causes is a reality of operating in the electricity generation business. Providers must report these losses to government agencies who track electricity grid efficiencies. Apex Utilities recently reported an annual loss of around 3.63% of the electricity that they generate. The state of North Carolina has an energy loss average of 3.99% and the countrywide average is 2.76%, giving Apex Utilities a rank of 13th best out of 104 providers reporting energy loss in the state.

Apex Utilities Rate & Electric Bills

Apex Utilities residential electric rates are highest in January and the highest average bill is in September.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.102/kWh$0.100/kWh$93.89/mo.$84.55/mo.
592nd10.25¢Apex Utilities' Average residential price per kWh
529th$84.55Average monthly electricity bill for Apex Utilities' residential customers

Apex Utilities Overview

  • Company Type:Municipal
  • Headquarters:73 Hunter Street
    Apex, North Carolina 27502
    United States of America
  • Director/Superintendent:Catherine Crosby

Apex Utilities Contact

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Energy provider of the year for North Carolina, Mid-Sized Provider Category
Top 3 Lowest Average Residential Monthly Bill
North Carolina, Mid-Sized Provider Category
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Energy provider of the year for North Carolina, Mid-Sized Provider Category
Top 3 Lowest Residential Electricity Rate
North Carolina, Mid-Sized Provider Category
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Energy provider of the year for North Carolina, Major Provider Category
Top 3 Lowest Average Residential Monthly Bill
North Carolina, Major Provider Category
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Energy Loss

Apex Utilities' energy loss due to business operations.

-3.63%

Total Energy Loss

13,567MWh

532 National Rank

Apex Utilities Coverage Map

Coverage Map Placeholder

Apex Utilities State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
North Carolina25,13534,109,70038100%

Apex Utilities County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Wake County1,129,410511.87$130.19/mo

Apex Utilities Reviews

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Apex Utilities FAQ:

How much is the average bundled bill for Apex Utilities customers each month?

Consumers of Apex Utilities pay, on average, a monthly bundled bill of $84.55.

What is the average bundled electricity rate for Apex Utilities customers?

Consumers of Apex Utilities, on average, have an electricity bundled rate 10.25 cents per kilowatt hour (¢/kWh).

What is the phone number for Apex Utilities?

Apex Utilities' customer service phone number is (919) 362-8676

Who is the CEO of Apex Utilities?

Apex Utilities' current CEO is Catherine Crosby.

Last Reviewed By: Alex Zdanov
Published: 2022-08-01