Monroe Electric
Electricity Rates, Plans & Statistics
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About Monroe Electric
Monroe Electric serves electricity to Monroe, North Carolina and is a municipally owned organization. Monroe Electric's patrons pay an average residential electricity rate of 15.59 cents per kilowatt hour, which is 12.83% more than the average North Carolina rate of 13.81 cents. The company sold 669,338 megawatt hours in 2022 by way of traditional retail accounts. Of the megawatt hours they sourced, 689,998 megawatt hours were acquired via wholesale channels. The revenue for the company in 2022 from electricity sales was $58,233,000, with 100.00% coming from retail sales to end users.
The nationwide average monthly residential electricity bill is $135.34, while the Monroe Electric average is 3.32% higher at $139.84 per month. Monroe Electric ranks 2004th in the US for average monthly bill total. The power grid managed by the supplier has 0.19 outages per consumer each year, with outages lasting roughly 20.45 minutes. The US average for other companies is 1.45 outages per consumer and 171.11 minutes an outage. The supplier does not have ownership in any electricity production plants and all of the megawatt hours that they sell to their consumers must be purchased from other suppliers.
Monroe Electric reported an annual loss of about 2.99% of the electricity that they produce. Loss of energy due to heat dissipation during electricity transmission and other causes is a reality of operating in the electricity generation industry and providers are required to report these losses. This percentage of electricity lost earns them a rank of 9th best out of 104 providers reporting energy loss in the state.
Monroe Electric Rate & Electric Bills
Monroe Electric residential electric rates are highest in March and the highest average bill is in January.
Historical Electricity Rates:
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Monroe Electric Overview
- Company Type:Municipal
- Headquarters:300 West Crowell Street
Monroe, North Carolina 28112
United States of America - Director/Superintendent:David Lucore
Monroe Electric Contact
- Website:www.monroenc.org
- Customer Service Phone:(704) 282-4511
- Contact Page:www.monroenc.org
- Social Media:
Monroe Electric Service
- Rates & Plans:www.monroenc.org
- Outage Map:www.electricities.com
- Outage Phone:(704) 282-4600
- States Served:
- North Carolina
- Counties Served:
- Union County
- Major Cities Served:
Energy Loss
Monroe Electric's energy loss due to business operations.
Total Energy Loss
20,660MWh
367 National Rank
Grid Reliability
Length & Frequency of Monroe Electric's Power Outages
20.45 min.
vs. national average of 171.11 min.
0.19 outages/yr
vs. national average of 1.45
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Monroe Electric Coverage Map
Monroe Electric State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| North Carolina | 11,614 | 64,669,246.3 | 27 | 100% |
Monroe Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Union County | 249,070 | 4 | 13.69 | $144.13/mo |
Monroe Electric Reviews
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Monroe Electric FAQ:
Who is the CEO of Monroe Electric?
Monroe Electric's CEO is David Lucore.
What is the average bundled bill for Monroe Electric customers each month?
Customers of Monroe Electric pay, on average, a monthly bundled bill of $139.84.
When will Monroe Electric power be restored?
The average number of minutes for an outage for Monroe Electric's consumers is 20.447 minutes.
What is the phone number for Monroe Electric?
The Monroe Electric phone number is (704) 282-4511.
What is the average bundled electricity rate for Monroe Electric customers?
Monroe Electric's current average bundled electricity rate is 15.59 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 13.81 cents and the average nationwide rate of 15.76 cents.
