Laurinburg, North Carolina Electric Utility

About Laurinburg, North Carolina Electric Utility

Laurinburg, North Carolina Electric Utility is a municipally owned entity serving the state of North Carolina such as the cities of Laurinburg and East Laurinburg. At the moment, there are 5,558 customers of the provider. About 0.07% of them are industrial accounts, 17.25% are commercial customer accounts and 82.67% are residential customers. Consumers of Laurinburg, North Carolina Electric Utility purchase electricity for, on average, 11.91 cents per kilowatt hour. Fortunately for their consumers, this rate is lower than both the North Carolina and nationwide average rates of 12.93 and 15.64 cents per kilowatt hour, respectively. Of the 141,450 megawatt hours the provider sold and dispossessed, 93.65% were from retail sales. The electricity sourced by Laurinburg, North Carolina Electric Utility is made up primarily of megawatt hours they acquired by way of wholesale channels. Of the total electricity sourced whole purchased made up 100.00%. Their revenue in 2019 from electricity activities was $13,531,500, with $13,371,200 from retail sales to end users.

The North Carolina average monthly residential electric bill is $127.16, while the Laurinburg, North Carolina Electric Utility average is 9.56% lower at $114.47 per month. This is the 21st lowest average monthly bill amount for a supplier in the state. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end customers.