New River Light & Power: Rates and Coverage Area

New River Light & Power

Electricity Rates, Plans & Statistics

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About New River Light & Power

New River Light & Power supplies electricity in Boone, North Carolina and other areas of Watauga County. There are 8,944 customers of the company. Roughly 19.88% of them are commercial customers and 80.12% of them are residential properties. New River Light & Power's consumers are charged an average residential electricity rate of 13.78 cents per kilowatt hour, which is 6.51% higher than North Carolina's average price of 12.93 cents. This ranks the provider 73rd lowest for average electricity price out of 108 suppliers in North Carolina. In 2022 New River Light & Power sold 213,597 megawatt hours via retail sales to end users. The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. They made $26,109,800 in total revenue in 2022 through retail electricity sales alone.

Customers of the provider pay an average monthly residential electric bill of $100.45. This is 24.30% lower than the national average of $132.69. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates from other suppliers and then resell it to end customers.

Energy Loss

Electricity providers routinely submit data for energy lost through heat dissipation and other causes to government agencies who track infrastructure efficiencies. New River Light & Power recently reported a loss of 4.39% of their electricity production. New River Light & Power's energy loss amounts place them at of 25th best out of the 104 providers that operate in North Carolina and report energy loss and 722nd best out of 3517 in the country.

New River Light & Power Rate & Electric Bills

New River Light & Power residential electric rates are highest in January and the highest average bill is in April.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.138/kWh$0.095/kWh$100.45/mo.$68.17/mo.
1844th13.78¢New River Light & Power's Average residential price per kWh
834th$100.45Average monthly electricity bill for New River Light & Power's residential customers

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New River Light & Power Overview

  • Company Type:State
  • Headquarters:146 Faculty Street Extension
    Boone, North Carolina 28607
    United States of America
  • CEO:Ed Miller

New River Light & Power Contact

New River Light & Power Service

Energy provider of the year for North Carolina, Mid-Sized Provider Category
Top 3 Lowest Energy Loss
North Carolina, Mid-Sized Provider Category
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Energy provider of the year for North Carolina, Mid-Sized Provider Category
Lowest Average Residential Monthly Bill
North Carolina, Mid-Sized Provider Category
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Energy provider of the year for North Carolina, Major Provider Category
Top 3 Lowest Average Residential Monthly Bill
North Carolina, Major Provider Category
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Energy Loss

New River Light & Power's energy loss due to business operations.

-4.39%

Total Energy Loss

9,809MWh

722 National Rank

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New River Light & Power Coverage Map

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New River Light & Power State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
North Carolina8,94426,109,80050100%

New River Light & Power County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Watauga County54,077313.06$118.76/mo

New River Light & Power Reviews

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New River Light & Power FAQ:

What is the phone number for New River Light & Power?

New River Light & Power's customer service phone number is (828) 264-3671

How much is the average bundled bill for New River Light & Power customers each month?

Customers of New River Light & Power pay, on average, a monthly bundled bill of $100.45.

What is the average bundled electricity rate for New River Light & Power customers?

New River Light & Power's current average bundled electricity rate is 13.78 cents per kilowatt hour (¢/kWh), compared to the average North Carolina bundled rate of 12.93 cents and the average US rate of 15.64 cents.

Who is the CEO of New River Light & Power?

The CEO of New River Light & Power is Ed Miller.

Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2022-08-01