Mecklenburg Electric Cooperative

About Mecklenburg Electric Cooperative

With headquarters in Chase City, Virginia, Mecklenburg Electric Cooperative supplies electricity to 2 states throughout the US. The company last disclosed a total of 32,672 customers. Exactly 30 of them are industrial accounts, 1,842 are commercial customers and the rest are residential accounts. Mecklenburg Electric Cooperative averages 15.22 cents per kilowatt hour charged to their patrons for residential electricity. This is 5.61% less than the nationwide average rate of 16.13 cents. They had sales of 1,206,256 megawatt hours in 2023 sold to end users. Wholesale power purchases made up 100.00% of the total electricity sourced by the company . Exactly 1,242,720 megawatt hours were acquired on the wholesale electricity market. In 2023, they made a total of $106,224,400 from business activities relating to the sale and transfer of electricity. They had revenue of $103,582,500 from retail sales to end users.

The average monthly residential electricity bill for a customer of Mecklenburg Electric Cooperative is $146.41 per month, while the nationwide average is $141.25. Patrons of the supplier pay 3.65% more compared to the rest of the US. Consumers of the supplier deal with 2.06 electrical outages per year with outages lasting an average of 244.43 minutes. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end customers.