Laurinburg, North Carolina Electric Utility

About Laurinburg, North Carolina Electric Utility

Laurinburg, North Carolina Electric Utility supplies electricity in Laurinburg, North Carolina. The company has a total of 5,648 electricity customers. There are 4 industrial customer accounts, 940 commercial accounts and 4,704 residential customers. On average, Laurinburg, North Carolina Electric Utility's residential electricity rate is 12.71 cents per kilowatt hour, which is 10.51% less than the average state rate of 14.20 cents and 19.03% less than the national average of 15.70. They sold 132,474 megawatt hours in 2019 via traditional retail accounts. The electricity sourced was made up of megawatt hours procured by way of the wholesale electricity market. They purchased 141,450 on the wholesale market. In 2019, they made a total of $13,531,500 from business activities relating to the sale and transfer of electricity. They had 98.82% of their revenue coming from retail sales to end users.

The North Carolina average monthly residential electric bill is $144, while the Laurinburg, North Carolina Electric Utility average is 14.56% lower at $123.8 per month. This is the 24th 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.