Carteret Craven Electric Cooperative

About Carteret Craven Electric Cooperative

Carteret Craven Electric Cooperative provides electricity for 12 cities in the state. The entity is an electricity cooperative. Electricity companies must regularly report their customer counts to government agencies. Most recently the provider disclosed a total of 43,560 customers receiving their services. Exactly 39,242 of these are residential properties and 4,318 are commercial properties. The residential electricity price for consumers of Carteret Craven Electric Cooperative is, on average, 12.20 cents per kilowatt hour. Fortunately, this is 13.45% lower than the state's average rate of 14.10 cents, resulting in the company ranking 20th lowest for average electricity price out of 108 companies in North Carolina. The provider sold 586,424 megawatt hours via retail sales in 2023. Of the megawatt hours they sourced, 617,503 megawatt hours were purchased via the wholesale market. In 2023, the company earned a total of $68,622,700 from retail electricity sales to end users. Their total revenue from all electricity activities was $69,229,400.

The North Carolina average monthly residential electricity bill is $145.67, while the Carteret Craven Electric Cooperative average is 10.47% lower at $130.66 per month. This is the 31st lowest average monthly bill amount for a provider in North Carolina. Electricity production is not handled in house at the company, as they purchase power at wholesale rates from other suppliers and then resell to their customers.