Central Electric

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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 Sanford, Anderson Creek CDP, Spout Springs CDP, Siler City, and Whispering Pines. The company has 23,394 electricity customers. There are 20,989 residential customer accounts, 2,391 commercial customers and 14 industrial customers. The average residential electricity price for Central Electric is about 13.53 cents per kilowatt hour, which is 4.13% lower than the nationwide average price of 14.11 cents. The company sold 414,666 megawatt hours by way of retail sales in 2020. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 438,397 megawatt hours purchased by the company. Through electricity sales to end users alone , The company earned $52,759,000 in 2020.

The average monthly residential electricity bill for a consumer of Central Electric is $169.61 per month, while the state average is $120.22. Consumers of the provider pay 39.22% 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 5.41% of the electricity that they transmit. The state average for energy loss is 3.99% and the US average is 2.76%. This leaves Central Electric with a ranking of 32nd best out of 104 electricity suppliers in North Carolina and 1004th best out of 3509 suppliers in the country.

Central Electric Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.135/kWh$0.130/kWh$180.60/mo.$165.68/mo.
2107th13.53¢Central Electric's Average residential price per kWh
2806th$169.61Average monthly electricity bill for Central Electric's residential customers

Central Electric Overview

  • Company Type:Cooperative
  • Headquarters:128 Wilson Road
    Sanford, North Carolina 27332
    United States of America
  • CEO:Eddie Oldham

Central Electric Contact

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Energy Loss

Central Electric's energy loss due to business operations.

-5.41%

Total Energy Loss

23,731MWh

1004 National Rank

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 Carolina23,39452,759,00029100%

Central Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Chatham County76,285412.51$141.48/mo
Harnett County133,568312.38$143.01/mo
Lee County63,285212.76$150.70/mo
Moore County99,727412.57$138.99/mo

Cities Central Electric Has Coverage

* 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 13.53 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 $169.61. The North Carolina average bundled bill is $120.22 and the US average is $120.22.

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 7 cities.

Last Reviewed By: Alex Zdanov
Published: 2022-08-27