New River Light & Power

New River Light & Power supplies electricity to 4 cities throughout North Carolina. The supplier has 8,538 customers. There are 1,760 commercial customer accounts and 6,778 residential accounts. The average residential electricity rate for New River Light & Power is about 10.94 cents per kilowatt hour, which is 4.29% lower than North Carolina's average rate of 11.43 cents. This makes the company 12th lowest for average electricity rate out of 105 companies in North Carolina. They had sales of 191,618 megawatt hours in 2020 sold to end users. Wholesale power purchases made up 100.00% of the total electricity sourced and 197,576 megawatt hours were procured by way of the wholesale electricity market. In 2020, the provider had revenue of $17,784,200 from retail electricity sales to end users. This made up all of the electricity related revenue for the company.

About New River Light & Power

The United States average monthly residential power bill is $120.24, while the New River Light & Power average is 37.35% less at $75.33 per month. The company does not have ownership in any power facilities and all of the electricity that they sell to their consumers must be purchased wholesale from other companies.

Energy Loss

All companies who transmit electricity suffer from some energy loss from heat depletion or other causes. New River Light & Power is no exception, as they average an annual loss of roughly 2.89% of the electricity they generate. The state average for energy loss is 3.99% and the United States average is 2.76%. This leaves New River Light & Power with a ranking of 7th best out of 105 providers in North Carolina and 350th best out of 3510 suppliers 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 June.

Historical Electric Rates:

Price Per kWHAverage Bill$0.109/kWh$0.098/kWh$78.26/mo.$70.49/mo.
1055th10.94¢New River Light & Power's Average residential price per kWh
425th$75.33Average monthly electric bill for New River Light & Power's residential customers

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

  • Outage Phone:(828) 264-8621
Energy provider of the year for North Carolina, Mid-Sized Provider Category
Lowest Average Residential Monthly Bill
North Carolina, Mid-Sized Provider Category
Claim Award
Energy provider of the year for North Carolina, Mid-Sized Provider Category
Top 3 Lowest Energy Loss
North Carolina, Mid-Sized Provider Category
Claim Award
Energy provider of the year for North Carolina, Mid-Sized Provider Category
Top 3 Lowest Residential Electricity Rate
North Carolina, Mid-Sized Provider Category
Claim Award

Energy Loss

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

-2.89%Light BulbIcon representing Light Bulb.

Total Energy Loss

5,711MWh

350 National Rank

New River Light & Power Coverage Map

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New River Light & Power State Coverage

StateArrow UpArrow pointing upwards.CustomersArrow UpArrow pointing upwards.Sales ($)Arrow UpArrow pointing upwards.State Rank Based On RevenueArrow UpArrow pointing upwards.% of Provider's Residential Sales in StateArrow UpArrow pointing upwards.
North Carolina8,53817,784,20057100%

New River Light & Power County Coverage

CountyArrow UpArrow pointing upwards.PopulationArrow UpArrow pointing upwards.ProvidersArrow UpArrow pointing upwards.Avg. County Rate (¢)Arrow UpArrow pointing upwards.Avg. Electric BillArrow UpArrow pointing upwards.
Watauga County56,177311.72$91.54/mo

Cities New River Light & Power Has Coverage

  • Beech Mountain, NC
  • Blowing Rock, NC
  • Boone, NC
  • Seven Devils, NC

* City coverage generated based on government data. Always verify you can get service from the provider.

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New River Light & Power FAQ:

What is the average bill for New River Light & Power customers each month?

New River Light & Power currently has an average monthly electric bill of $75.33, compared to the North Carolina average of $121.21 and the nationwide of $121.21.

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

The average price of electricity for consumers of New River Light & Power is 10.94 cents per kilowatt hour (¢/kWh).

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

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

Who is the CEO of New River Light & Power?

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

What cities does New River Light & Power sell electricity in?

New River Light & Power has customers in 4 cities.

Last Reviewed By: Alex Zdanov
Published: 2021-03-16Last Updated: 2021-09-28