Monroe Electric: Rates and Coverage Area

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.

Energy Loss

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:

Price Per kWhAverage Bill$0.142/kWh$0.115/kWh$174.30/mo.$89.16/mo.
1215th13.35¢Monroe Electric's Average residential price per kWh
1408th$128.5Average monthly electricity bill for Monroe Electric's residential customers

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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

Monroe Electric Service

  • States Served:
    • North Carolina
  • Counties Served:
    • Union County
  • Major Cities Served:
Energy provider of the year for North Carolina, Major Provider Category
Top 3 Least Outages Per Year
North Carolina, Major Provider Category
Claim Award
Energy provider of the year for North Carolina, Major Provider Category
Shortest Average Electricity Outages
North Carolina, Major Provider Category
Claim Award

Energy Loss

Monroe Electric's energy loss due to business operations.

-2.19%

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

Power Outages

Currently, 0 customers are being tracked in Monroe Electric.

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Customers Out:

0

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Monroe Electric Coverage Map

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Monroe Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
North Carolina12,44160,210,256.9927100%

Monroe Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Union County249,070413.56$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.

Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2025-05-13