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 29,920 customers receiving their services. Around 0.06% of these customers are industrial properties, 3.18% are commercial customers and 96.76% are residential properties. Haywood Electric Membership's customers purchase electricity for, on average, 17.04 cents per kilowatt hour. Regrettably for their patrons, this rate is above the US average rate 16.22 cents per kilowatt hour. Of the 338,436 megawatt hours Haywood Electric Membership sold and dispossessed, 311,879 were from retail sales. Power generation plants owned by Haywood Electric Membership produced 0.24% of the megawatt hours sourced by the provider and an additional 99.76% was purchased via the wholesale electricity market. The revenue for Haywood Electric Membership in 2023 from electricity sales was $53,437,200, with 94.93% coming from retail sales to end users.

The average monthly residential power bill for a customer of Haywood Electric Membership is $150.89 per month, while the national average is $143.38. Customers of the company pay a 5.24% higher bill compared to the rest of the country. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end consumers. Consumers of the company deal with 3.15 power outages on average each year, with outages lasting an average of 485.71 minutes. The national averages for outages and duration are 1.44 outages at 123.49 minutes each.