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. The supplier recently reported a total of 12,427 total customers, 114 of which are industrial customers, 2,225 are commercial accounts and the rest of which are residential customers. Consumers of Monroe Electric purchase electricity for, on average, 13.35 cents per kilowatt hour. This is, luckily, 5.68% less than North Carolina's average rate of 14.16 cents, resulting in the supplier ranking 51st out of 108 companies in North Carolina for best average electricity rate. In 2023 the company sold 97.81% of their disposition via normal retail sales to end users. Of the megawatt hours they sourced, 693,779 megawatt hours were procured on wholesale channels. They made $58,472,900 in total revenue for 2023 through retail electricity sales alone.
The national average monthly residential electricity bill is $142.37, while the Monroe Electric average is 9.74% less at $128.5 per month. This is the 1408th lowest average monthly bill amount for a provider in the US. The power grid managed by the supplier has 0.2 outages per consumer each year, with outages lasting roughly 23.33 minutes. The US average for other companies is 1.44 outages per consumer and 123.49 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 2.19% 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 14th best out of 103 providers reporting energy loss in the state.
Monroe Electric Rate & Electric Bills
Monroe Electric residential electric rates are highest in September and the highest average bill is in July.
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.outageentry.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
15,196MWh
325 National Rank
Grid Reliability
Length & Frequency of Monroe Electric's Power Outages
23.33 min.
vs. national average of 123.49 min.
0.2 outages/yr
vs. national average of 1.44
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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 | 12,441 | 60,210,256.99 | 27 | 100% |
Monroe Electric County Coverage
County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
---|---|---|---|---|
Union County | 249,070 | 4 | 13.56 | $145.98/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 $128.50.
When will Monroe Electric power be restored?
The average number of minutes for an outage for Monroe Electric's consumers is 23.331 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 13.35 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 14.16 cents and the average nationwide rate of 16.15 cents.