Monroe Electric serves 14 cities and is considered a municipally owned entity. The supplier recently reported a total of 11,079 total customers, 1.04% of which are industrial customers, 18.31% are commercial customers and 80.65% are residential customers. On average, Monroe Electric's customers spend 13.10 cents per kilowatt hour for their residential electricity. This is 2.61% lower than the nationwide average rate of 13.45 cents. In 2020 Monroe Electric had retail sales of 590,393 megawatt hours. The electricity they sourced consisted of megawatt hours purchased by way of wholesale channels. They purchased 599,652 megawatt hours on the wholesale market. The supplier made $53,928,000 in total revenue for 2020 through retail electricity sales alone.

About Monroe Electric

The state average monthly residential electricity bill is $121.21, while the Monroe Electric average is 3.89% higher at $125.88 per month. Monroe Electric ranks 62nd in the state for average monthly bill amount. The company currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end customers.

Energy Loss

Monroe Electric reports energy loss of 1.54% of their production from heat dissipation and other causes. This percentage of electricity lost gives them a rank of 1st best out of 105 companies who report energy loss in the state.

Monroe Electric Rate & Electric Bills

Monroe Electric residential electric rates are highest in January and the highest average bill is in March.

Historical Electric Rates:

Price Per kWHAverage Bill$0.131/kWh$0.130/kWh$135.45/mo.$125.88/mo.
2124th13.10¢Monroe Electric's Average residential price per kWh
2259th$125.88Average monthly electric bill for Monroe Electric's residential customers

Monroe Electric Overview

  • Company Type:Municipal
  • Headquarters:300 West Crowell Street
    Monroe, North Carolina 28112
    United States of America
  • CEO:David Lucore

Monroe Electric Contact

Monroe Electric Service

Energy provider of the year for North Carolina, Mid-Sized Provider Category
Shortest Average Electricity Outages
North Carolina, Mid-Sized Provider Category
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Energy provider of the year for North Carolina, Mid-Sized Provider Category
Top 3 Least Outages Per Year
North Carolina, Mid-Sized Provider Category
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Energy Loss

Monroe Electric's energy loss due to business operations.

-1.54%Light BulbIcon representing Light Bulb.

Total Energy Loss

9,259MWh

133 National Rank

Monroe Electric Coverage Map

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Monroe Electric State Coverage

StateArrow UpArrow pointing upwards.CustomersArrow UpArrow pointing upwards.Sales ($)Arrow UpArrow pointing upwards.State Rank Based On RevenueArrow UpArrow pointing upwards.% of Provider's Residential Sales in StateArrow UpArrow pointing upwards.
North Carolina11,07953,928,00029100%

Monroe Electric County Coverage

CountyArrow UpArrow pointing upwards.PopulationArrow UpArrow pointing upwards.ProvidersArrow UpArrow pointing upwards.Avg. County Rate (¢)Arrow UpArrow pointing upwards.Avg. Electric BillArrow UpArrow pointing upwards.
Union County239,859411.86$124.38/mo

Cities Monroe Electric Has Coverage

  • Fairview, NC
  • Hemby Bridge, NC
  • Indian Trail, NC
  • Lake Park, NC
  • Marshville, NC
  • Marvin, NC
  • Mineral Springs, NC
  • Monroe, NC
  • Stallings, NC
  • Unionville, NC
  • Waxhaw, NC
  • Weddington, NC
  • Wesley Chapel, NC
  • Wingate, NC

* City coverage generated based on government data. Always verify you can get service from the provider.

Monroe Electric Reviews

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Monroe Electric FAQ:

How much is the average bill for Monroe Electric customers each month?

Monroe Electric currently has an average monthly electric bill of $125.88, compared to the North Carolina average of $121.21 and the nationwide of $121.21.

Who is the CEO of Monroe Electric?

David Lucore is the CEO of Monroe Electric.

What is the average electricity rate for Monroe Electric customers?

The average price of electricity for consumers of Monroe Electric is 13.10 cents per kilowatt hour (¢/kWh).

What is the phone number for Monroe Electric?

You can reach Monroe Electric by phone via (704) 282-4511.

What cities does Monroe Electric have customers in to?

Monroe Electric provides electricity to 14 cities throughout the nation including, North Carolina.

Last Reviewed By: Alex Zdanov
Published: 2021-03-16Last Updated: 2021-08-25