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 11,576 total customers, 111 of which are industrial customers, 2,025 are commercial accounts and the rest of which are residential customers. Consumers of Monroe Electric purchase electricity for, on average, 15.17 cents per kilowatt hour, which is 3.27% lower than the US average price of 15.68 cents. The company had total sales and disposition of 689,998 megawatt hours in 2022, of which 669,338 megawatt hours were via retail sales. The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. The supplier had $58,233,000 in total revenue for 2022 from electricity-related activities, all of which came from retail sales to end-users.

The nationwide average monthly residential electricity bill is $135.78, while the Monroe Electric average is 1.72% higher at $138.11 per month. Monroe Electric ranks 1954th in the US for average monthly bill total. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices from other suppliers and then resell it to end users.

Energy Loss

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 January and the highest average bill is in August.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.170/kWh$0.118/kWh$176.63/mo.$93.93/mo.
2125th15.17¢Monroe Electric's Average residential price per kWh
1954th$138.11Average 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

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

Monroe Electric's energy loss due to business operations.


Total Energy Loss


367 National Rank

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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 Carolina11,57663,673,775.9727100%

Monroe Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Union County249,070413.32$141.76/mo

Monroe Electric Reviews

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Monroe Electric FAQ:

Who is the CEO of Monroe Electric?

The CEO of Monroe Electric 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 $138.11.

What is the phone number for Monroe Electric?

Monroe Electric's customer service phone number is (704) 282-4511

What is the average bundled electricity rate for Monroe Electric customers?

Customers of Monroe Electric, on average, have an electricity bundled rate 15.17 cents per kilowatt hour (¢/kWh).

Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-05-15