Blue Ridge Energy

About Blue Ridge Energy

Blue Ridge Energy is an electric cooperative with headquarters in Lenoir, North Carolina and serving customers in 7 counties in North Carolina including counties such as Caldwell County, Wilkes County, Watauga County, Alexander County, and Ashe County. There are 81,360 customers receiving electricity from the supplier. These customers are made up of 72,445 residential properties, 8,908 commercial customers and 7 industrial properties. The average residential electricity price for consumers of Blue Ridge Energy is roughly 15.00 cents per kilowatt hour, which is, fortunately, 7.00% below the average nationwide rate of 16.13 cents. Of the 1,123,269 megawatt hours the company sold and dispossessed, 93.96% were via retail sales. The electricity sourced by the supplier primarily came from megawatt hours that they procured via wholesale channels. They purchased 1,123,269 megawatt hours on the wholesale market. The total revenue for the company for 2023 from electricity sales was $148,944,000, with $143,868,000 from retail sales to end users.

The nationwide average monthly residential electricity bill is $141.25, while the Blue Ridge Energy average is 8.68% lower at $128.99 per month. This is the 1488th lowest average monthly bill amount for a provider in the country. The power grid owned by the supplier experiences 0.99 outages per consumer per year, with outages lasting an average of 69.46 minutes. The nationwide average for other companies is 1.44 outages per customer and 123.49 minutes an outage. Electricity production is not handled in house at the company, as they purchase power at wholesale rates from other companies to then be resold to their customers.