Forest City, North Carolina Electric Utility

About Forest City, North Carolina Electric Utility

Forest City, North Carolina Electric Utility is a municipally owned entity supplying electricity in Forest City, North Carolina and rural areas of Rutherford County. Electricity providers must regularly report the total number of customers signed up for their services to government agencies. In the most recent report the supplier reported a total of 3,270 residential customers, 949 commercial accounts and 18 industrial customers receiving their services. This is the entirety of their customers. Forest City, North Carolina Electric Utility's average residential electricity price per kilowatt hour is 12.30 cents per kilowatt hour, which is 4.90% lower than North Carolina's average price of 12.93 cents. This makes the company 37th out of 108 companies in the state for lowest average electricity rate. A total of 99,189 megawatt hours were sold through retail sales in 2019 by the company. The megawatt hours sourced by the supplier primarily came from electricity plants owned by Forest City, North Carolina Electric Utility. They earned $11,731,000 in total revenue in 2019, which all came from retail electricity sales.

The US average monthly residential power bill is $132.69, while the Forest City, North Carolina Electric Utility average is 21.03% below at $104.79 per month. This is the 965th lowest average monthly bill amount for a supplier in the United States. The company does not have ownership in any electricity production facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other companies.