Haywood Electric Membership

About Haywood Electric Membership

Haywood Electric Membership is an electricity cooperative headquartered in Waynesville, North Carolina and providing power to customers in 3 states in the nation including in major cities such as Waynesville, Canton, Lake Junaluska CDP, Maggie Valley, and Clyde. Electricity providers must regularly report the number of customers signed on for their services to government agencies. Recently the supplier reported a total of 28,911 customers receiving their services. Around 0.07% of these customers are industrial properties, 3.26% are commercial customers and 96.67% are residential properties. Haywood Electric Membership's customers purchase electricity for, on average, 15.91 cents per kilowatt hour. Regrettably for their patrons, this rate is above the US average rate 15.64 cents per kilowatt hour. Of the 358,139 megawatt hours Haywood Electric Membership sold and dispossessed, 314,604 were from retail sales. Power generation plants owned by Haywood Electric Membership produced 0.10% of the megawatt hours sourced by the provider and an additional 99.90% was purchased via the wholesale electricity market. The revenue for Haywood Electric Membership in 2022 from electricity sales was $50,889,600, with 95.23% coming from retail sales to end users.

The average monthly residential power bill for a customer of Haywood Electric Membership is $132.74 per month, while the national average is $132.69. Customers of the company pay a 0.03% higher bill compared to the rest of the country. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates from other providers to then be resold to their consumers.