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 23,987 electricity customers. There are 21,581 residential customer accounts, 2,392 commercial customers and 14 industrial customers. The average residential electricity price for Central Electric is about 15.94 cents per kilowatt hour. This is, sadly, 15.42% more than the state's average price of 13.81 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 $195.13 per month, while the state average is $137.61. Consumers of the provider pay 42.50% more compared to the rest of the state. The company does not have ownership in any electricity plants and all of the electricity that they sell to their consumers must be purchased from other providers.
Losing electricity from heat dissipation during electricity transmission and other causes is part of being in the electricity production business. Suppliers must report these losses. Central Electric reported a yearly loss of approximately 6.10% of the electricity that they transmit. The state average for energy loss is 3.47% and the US average is 2.87%. This leaves Central Electric with a ranking of 35th best out of 104 electricity suppliers in North Carolina and 1105th best out of 3526 suppliers in the country.
Central Electric Rate & Electric Bills
Central Electric residential electric rates are highest in March and the highest average bill is in January.
Historical Electricity Rates:
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Central Electric Overview
- Company Type:Cooperative
- Headquarters:128 Wilson Road
Sanford, North Carolina 27332
United States of America - CEO:Eddie Oldham
Central Electric Contact
- Website:cemcpower.com
- Customer Service Phone:(919) 774-4900
- Contact Page:cemcpower.com
- Social Media:
Central Electric Service
- Rates & Plans:cemcpower.com
- Outage Map:outage.cemcpower.com
- Outage Phone:(877) 766-6769
- States Served:
- North Carolina
- Counties Served:
- Harnett County
- Moore County
- Chatham County
- Lee County
- Major Cities Served:
- Spout Springs CDP
- Carthage
- Broadway
- Moncure CDP
- Bennett CDP
- Gulf CDP
Energy Loss
Central Electric's energy loss due to business operations.
Total Energy Loss
28,349MWh
1105 National Rank
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Central Electric Coverage Map
Central Electric State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| North Carolina | 23,987 | 61,806,027.93 | 28 | 100% |
Central Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Chatham County | 79,864 | 4 | 15.34 | $162.99/mo |
| Harnett County | 138,832 | 3 | 15.04 | $163.80/mo |
| Lee County | 65,476 | 2 | 15.37 | $172.52/mo |
| Moore County | 105,531 | 4 | 15.51 | $161.30/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?
Customers of Central Electric, on average, have an electricity bundled rate 15.94 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 155.841 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 $195.13, compared to the North Carolina average of $137.61 and the United States average of $137.61 for bundled service.
What cities does Central Electric provider electricity to?
Central Electric has customers in 2 cities.
