Central Electric: Rates and Coverage Area

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. The company has 23,942 electricity customers. There are 21,538 residential customer accounts, 2,390 commercial customers and 14 industrial customers. The average residential electricity price for Central Electric is about 15.77 cents per kilowatt hour. This is, sadly, 15.31% more than the state's average price of 13.68 cents. About 436,230 megawatt hours were sold by the company to retail customers in 2022. The megawatt hours sourced by the company primarily came from megawatt hours that they acquired on wholesale channels. They purchased 464,579 wholesale megawatt hours. The provider earned a total of $55,174,700 for 2022 through electricity sales to retail consumers.

The average monthly residential electricity bill for a consumer of Central Electric is $193.67 per month, while the state average is $136.29. Consumers of the provider pay 42.39% 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.

Energy Loss

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 6.10% of the electricity that they transmit. The state average for energy loss is 3.47% and the US average is 2.87%. This leaves Central Electric with a ranking of 35th best out of 104 electricity suppliers in North Carolina and 1105th best out of 3517 suppliers in the country.

Central Electric Rate & Electric Bills

Central Electric residential electric rates are highest in March and the highest average bill is in January.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.179/kWh$0.118/kWh$244.10/mo.$123.37/mo.
2269th15.77¢Central Electric's Average residential price per kWh
2814th$193.67Average monthly electricity bill for Central Electric's residential customers

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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

Central Electric Service

  • States Served:
    • North Carolina
  • Counties Served:
    • Harnett County
    • Moore County
    • Chatham County
    • Lee County
  • Major Cities Served:See all cities

Energy Loss

Central Electric's energy loss due to business operations.

-6.10%

Total Energy Loss

28,349MWh

1105 National Rank

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Central Electric Coverage Map

Coverage Map Placeholder

Central Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
North Carolina23,94261,220,975.3928100%

Central Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Chatham County79,864415.24$161.86/mo
Harnett County138,832314.94$162.69/mo
Lee County65,476215.26$171.34/mo
Moore County105,531415.40$160.20/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.

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Central Electric FAQ:

What is the average bundled electricity rate for Central Electric customers?

The average bundled price of electricity for consumers of Central Electric is 15.77 cents per kilowatt hour (¢/kWh).

What is the average bundled bill for Central Electric customers each month?

The average monthly bundled electric bill for customers of Central Electric is $193.67. The North Carolina average bundled bill is $136.29 and the US average is $136.29.

Who is the CEO of Central Electric?

Central Electric's current CEO is Eddie Oldham.

What is the phone number for Central Electric?

Central Electric's customer service phone number is (919) 774-4900

How many counties does Central Electric sell electricity in?

There are 4 counties that receive at least some electricity coverage by Central Electric.

What cities does Central Electric provider electricity to?

Central Electric has customers in 2 cities.

Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-05-29