Hamilton, North Carolina Electric Utility

About Hamilton, North Carolina Electric Utility

Hamilton, North Carolina Electric Utility supplies electricity in Martin County, North Carolina. Presently, 272 customers receive their electricity from the company. These customers are a mix of 19.85% commercial locations and 80.15% residential properties. On average, Hamilton, North Carolina Electric Utility's residential electricity rate is 12.17 cents per kilowatt hour. Thankfully for their consumers, this price is lower than both the North Carolina and US average prices of 12.24 and 15.39 cents per kilowatt hour, respectively. Approximately 2,622 megawatt hours were sold by the company to retail end users in 2019. The electricity sourced by the provider primarily came from megawatt hours that they acquired via the wholesale electricity market. They purchased 3,047 wholesale megawatt hours. Hamilton, North Carolina Electric Utility made $353,000 in 2019, which they earned entirely from electricity sales to end users.

Consumers of the supplier pay an average residential electricity bill of $105.88. This is 19.10% less than the United States average of $130.88. The provider currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other suppliers and then resell it at a higher rate to end customers.