City of Shelby Utilities

About City of Shelby Utilities

City of Shelby Utilities provides electricity to Shelby, North Carolina and is a municipally owned organization. At the time of the most recent government reports, the company disclosed a total of 8,522 electricity customers. This total is made up of 6,483 residential customer accounts, 2,036 commercial customer accounts and 3 industrial accounts. City of Shelby Utilities has an average residential electricity rate of 13.61 cents per kilowatt hour. Fortunately for their customers, this rate is less than both the state and the United States average rates of 13.99 and 15.76 cents per kilowatt hour, respectively. They sold 190,671 megawatt hours by way of retail sales in 2019. Of the megawatt hours they sourced, 200,024 megawatt hours were acquired via wholesale channels. In 2019 they had total electricity related revenue of $20,963,000, with 95.78% from retail sales.

The state average monthly residential electric bill is $142.72, while the City of Shelby Utilities average is 15.41% lower at $121.56 per month. This is the 13th lowest average monthly bill amount for a provider in the state. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it to end users.