City of Albermarle Power

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About City of Albermarle Power

City of Albermarle Power is a municipally owned entity serving Albemarle, North Carolina and other areas of Stanly County. At the time of the most recent government reports, the supplier showed a total of 12,314 electricity customers being supplied electricity by the company. This total is made up of 10,064 residential accounts, 2,238 commercial customer accounts and 12 industrial customer accounts. City of Albermarle Power's average residential electricity price per kilowatt hour is 12.61 cents per kilowatt hour. This is, unfortunately for their customers, 12.88% higher than the state's average price of 11.17 cents. In 2020 they had retail sales of 261,018 megawatt hours. Wholesale power purchases made up 100.00% of all electricity sourced . Exactly 279,487 megawatt hours were purchased by way of the wholesale market. In 2020, they made a total of $29,808,700 from business activities relating to the sale and transfer of electricity. They had 99.59% of their revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $119.32, while the City of Albermarle Power average is 8.33% higher at $129.25 per month. City of Albermarle Power is the 2180th ranked company in the United States for average monthly bill total. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it to end consumers.

Energy Loss

City of Albermarle Power currently loses around 6.57% of the electricity that they produce via heat dissipation and other causes. The state average for energy loss is 3.99% and the United States average is 2.76%. This leaves City of Albermarle Power with a ranking of 46th best out of 104 electricity providers in the state and 1238th best out of 3510 suppliers in the country.

City of Albermarle Power Rate & Electric Bills

City of Albermarle Power residential electric rates are highest in January and the highest average bill is in March.

Historical Electricity Rates:

Price Per kWh Average Bill $0.133/kWh$0.126/kWh $147.17/mo.$129.25/mo.
1787th 12.61¢ City of Albermarle Power's Average residential price per kWh
2180th $129.25 Average monthly electricity bill for City of Albermarle Power's residential customers

City of Albermarle Power Overview

  • Company Type: Municipal
  • Headquarters: 144 North Second Street
    Albemarle, North Carolina 28001
    United States of America
  • Director/Superintendent: Gerald R. Michael

City of Albermarle Power Contact

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Energy Loss

City of Albermarle Power's energy loss due to business operations.

-6.57%

Total Energy Loss

18,376 MWh

1238  National Rank

City of Albermarle Power Coverage Map

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City of Albermarle Power State Coverage

State Customers Sales ($) State Rank Based On Revenue % of Provider's Residential Sales in State
North Carolina 12,314 29,687,800 40 100%

City of Albermarle Power County Coverage

County Population Providers Avg. County Rate (¢) Avg. Electric Bill
Stanly County 62,504 4 11.20 $123.47/mo

City of Albermarle Power Reviews

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City of Albermarle Power FAQ:

How much is the average bundled bill for City of Albermarle Power customers each month?

The average monthly bundled electric bill for customers of City of Albermarle Power is $129.25. The state average bundled bill is $117.51 and the nationwide average is $117.51.

What is the phone number for City of Albermarle Power?

The City of Albermarle Power phone number is (704) 984-9615.

What is the average bundled electricity rate for City of Albermarle Power customers?

The average bundled price of electricity for consumers of City of Albermarle Power is 12.61 cents per kilowatt hour (¢/kWh).

Who is the CEO of City of Albermarle Power?

City of Albermarle Power's CEO is Gerald R. Michael.

Last Reviewed By: King Manalo
Published: 2021-03-16 Last Updated: 2022-03-17