Central Electric
Electricity Rates, Plans & Statistics
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About Central Electric
Central Electric is an electricity cooperative providing electricity in the state of North Carolina, including cities such as Spout Springs CDP, Carthage, Broadway, Moncure CDP, and Bennett CDP. Central Electric bills their consumers a residential electricity price of 14.16 cents per kilowatt hour on average, which is 12.30% below the average US rate of 16.15 cents. In 2023 they sold 430,434 megawatt hours via retail sales to end users. The electricity sourced was made up of megawatt hours that they procured via the wholesale electricity market. They purchased 438,766 on the wholesale market. They earned $55,940,800 in 2023. The entirety of the revenue came from retail sales alone.
The average monthly residential electricity bill for a consumer of Central Electric is $188.17 per month, while the state average is $145.76. Consumers of the provider pay 29.79% more compared to the rest of the state. The company does not have ownership in any electricity plants and all of the electricity that they sell to their consumers must be purchased from other providers.
Losing electricity from heat dissipation during electricity transmission and other causes is part of being in the electricity production business. Suppliers must report these losses. Central Electric reported a yearly loss of approximately 1.90% of the electricity that they transmit. The state average for energy loss is 4.02% and the US average is 2.43%. This leaves Central Electric with a ranking of 11th best out of 103 electricity suppliers in North Carolina and 255th best out of 3530 suppliers in the country.
Central Electric Rate & Electric Bills
Central Electric residential electric rates are highest in April and the highest average bill is in August.
Historical Electricity Rates:
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Central Electric Overview
- Company Type:Cooperative
- Headquarters:128 Wilson Road
Sanford, North Carolina 27332
United States of America - CEO:Eddie Oldham
Central Electric Contact
- Website:cemcpower.com
- Customer Service Phone:(919) 774-4900
- Contact Page:cemcpower.com
- Social Media:
Central Electric Service
- Rates & Plans:cemcpower.com
- Outage Map:outage.cemcpower.com
- Outage Phone:(877) 766-6769
- States Served:
- North Carolina
- Counties Served:
- Harnett County
- Moore County
- Chatham County
- Lee County
- Major Cities Served:
- Spout Springs CDP
- Carthage
- Broadway
- Moncure CDP
- Bennett CDP
- Gulf CDP
Energy Loss
Central Electric's energy loss due to business operations.
Total Energy Loss
8,332MWh
255 National Rank
Power Outages
Currently, 0 customers are being tracked in Central Electric.
Customers Out:
0
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Central Electric Coverage Map
Central Electric State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| North Carolina | 24,802 | 59,868,314.34 | 28 | 100% |
Central Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Chatham County | 79,864 | 4 | 14.95 | $162.20/mo |
| Harnett County | 138,832 | 3 | 14.56 | $163.43/mo |
| Lee County | 65,476 | 2 | 14.75 | $168.87/mo |
| Moore County | 105,531 | 4 | 14.99 | $159.20/mo |
Cities Central Electric Has Coverage
- Broadway, NC
- Carthage, NC
* City coverage generated based on government data. Always verify you can get service from the provider.
Central Electric Reviews
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Central Electric FAQ:
What is the average bundled electricity rate for Central Electric customers?
Customers of Central Electric, on average, have an electricity bundled rate 14.16 cents per kilowatt hour (¢/kWh).
Who is the CEO of Central Electric?
The CEO of Central Electric is Eddie Oldham.
What is the phone number for Central Electric?
The Central Electric phone number is (919) 774-4900.
When will Central Electric power be restored?
Central Electric's outages last, on average, around 163.177 minutes per each outage.
How many counties does Central Electric supply electricity in?
There are 4 counties that receive at least some electricity coverage by Central Electric including North Carolina.
What is the average bundled bill for Central Electric customers each month?
Central Electric currently has an average monthly bundled electric bill of $188.17, compared to the North Carolina average of $145.76 and the United States average of $145.76 for bundled service.
What cities does Central Electric provider electricity to?
Central Electric has customers in 2 cities.
