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 8,538 customers of the company. Roughly 20.61% of them are commercial customers and 79.39% of them are residential properties. New River Light & Power's consumers are charged an average residential electricity rate of 10.94 cents per kilowatt hour, which is 22.46% lower than the US average price of 14.11 cents. This ranks the provider 892nd lowest for average electricity price out of 2923 suppliers in the country. In 2020 New River Light & Power sold 191,618 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 $17,784,200 in total revenue in 2020 through retail electricity sales alone.

Customers of the provider pay an average monthly residential electric bill of $75.33. This is 40.19% lower than the national average of $125.95. 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 2.89% of their electricity production. New River Light & Power's energy loss amounts place them at of 7th best out of the 104 providers that operate in North Carolina and report energy loss and 349th best out of 3509 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 July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.109/kWh$0.098/kWh$78.26/mo.$70.49/mo.
892nd10.94¢New River Light & Power's Average residential price per kWh
289th$75.33Average monthly electricity 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

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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.

-2.89%

Total Energy Loss

5,711MWh

349 National Rank

New River Light & Power Coverage Map

Coverage Map Placeholder

New River Light & Power State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
North Carolina8,53817,784,20055100%

New River Light & Power County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Watauga County54,086312.75$112.73/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 $75.33.

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

New River Light & Power's current average bundled electricity rate is 10.94 cents per kilowatt hour (¢/kWh), compared to the average North Carolina bundled rate of 11.28 cents and the average US rate of 14.11 cents.

Who is the CEO of New River Light & Power?

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

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