City of New Bern Electric

About City of New Bern Electric

With headquarters in New Bern, North Carolina, City of New Bern Electric offers electricity services 2 cities in the state and is classified as a municipally owned organization. The most recent data reported by the company showed a total customer count of 25,001 accounts, 4 of which are industrial properties, 3,728 are commercial customer accounts and 21,269 are residential accounts. On average, City of New Bern Electric's customers spend 12.49 cents per kilowatt hour for their residential electricity, which is 11.77% below North Carolina's average price of 14.16 cents and 22.66% below the nationwide average of 16.15 cents. A total of 443,589 megawatt hours were sold to retail accounts in 2023 by the company and 14 megawatt hours sold by way of the wholesale electricity market. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 464,056 megawatt hours procured by the company. The company earned $51,840,500 in 2023, $1,900 of which came from wholesale electricity sales and $50,020,700 of which came from sales to retail end-users.

The United States average monthly residential electric bill is $142.37, while the City of New Bern Electric average is 9.84% lower at $128.36 per month. This is the 1403rd lowest average monthly bill amount for a supplier in the United States. The power grid owned by the supplier has 1 outages per customer a year, with outages lasting roughly 61.45 minutes. The nationwide average for other providers is 1.44 outages per consumer and 123.49 minutes per outage. Electricity production is not handled in house at the company, as they purchase electricity at wholesale rates to then be resold to their end users.