Jones Onslow Electric Membership Corporation

About Jones Onslow Electric Membership Corporation

Jones Onslow Electric Membership Corporation is an electricity cooperative. The largest county serviced by Jones Onslow Electric Membership Corporation is Onslow County, but the company also operates in in 3 counties in the state. On recent government reports, the provider listed a total of 83,334 electricity customers. This total is made up of 94.49% residential customer accounts, 5.50% commercial customer accounts and 0.00% industrial accounts. Jones Onslow Electric Membership Corporation bills their consumers a residential electricity rate of 12.94 cents per kilowatt hour on average, which is 7.10% below the average state price of 13.93 cents and 17.79% less than the nationwide average of 15.74. About 1,300,684 megawatt hours were sold by the provider to retail end users in 2022. The electricity sourced by the provider primarily came from megawatt hours that they procured by way of the wholesale electricity market. They purchased 1,356,131 wholesale megawatt hours. In 2022, the supplier made a total of $151,998,200 from business activities relating to the sale and transfer of electricity. They had 98.29% of their revenue coming from retail sales to end users.

Customers of the provider have an average monthly residential electric bill of $137.97. This is 1.45% below the North Carolina average bill of $139.93. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates and then resell to their consumers.