City of Kinston Electric

About City of Kinston Electric

City of Kinston Electric is a municipally owned organization operating in Kinston, North Carolina and additional areas of Lenoir County. There are 12,139 customers of the supplier. Exactly 10,159 of them are residential accounts, 1,967 are commercial customers and 13 of them are industrial accounts. The average residential electricity price for consumers of City of Kinston Electric is around 13.36 cents per kilowatt hour, which is 5.25% lower than the state's average price of 14.10 cents and 17.64% below the national average of 16.22 cents. There were a total of 416,597 megawatt hours sold to retail customers in 2023 by the company. The electricity sourced by the supplier primarily came from megawatt hours that they acquired on wholesale channels. They purchased 433,103 wholesale megawatt hours. In 2023, the supplier earned 99.64% of their revenue from retail electricity sales. Their total revenue from electricity activities was $44,728,800.

The national average monthly residential electricity bill is $143.38, while the City of Kinston Electric average is 4.29% higher at $149.53 per month. City of Kinston Electric is the 1858th ranked provider in the United States for average monthly bill amount. Consumers of the provider experience 1.04 power outages on average per year, with outages lasting about 179.57 minutes. The national averages for these data points are 1.44 outages at 123.49 minutes each. Electricity production is not handled in house at the company, as they purchase power at wholesale rates and then resell to their customers.