Piedmont Electric Member Corporation

Electricity Rates, Plans & Statistics

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About Piedmont Electric Member Corporation

Piedmont Electric Member Corporation serves 6 counties in the state of North Carolina including Durham County, Alamance County, Orange County, Granville County, and Person County. Recently, the company reported a customer base of 32,923 customers. Exactly 3,784 are commercial properties, 29,138 are residential accounts and one is an industrial account. The average residential electricity rate for consumers of Piedmont Electric Member Corporation is approximately 13.88 cents per kilowatt hour, which is 23.06% more than North Carolina's average price of 11.28 cents and 1.62% higher than the nationwide average of 14.11 cents. A total of 466,482 megawatt hours were sold to retail customers in 2020 by the company. During the same timeframe, the company obtained 496,627 megawatt hours via wholesale channels. In 2020, the supplier made a total of $65,186,900 from business activities relating to the sale and transfer of electricity. They had 99.24% of their revenue coming from retail sales to end users.

The state average monthly residential electricity bill is $120.22, while the Piedmont Electric Member Corporation average is 31.43% higher at $159.81 per month. Piedmont Electric Member Corporation is the 101st ranked supplier in the state for average monthly bill amount. Electricity generation is not part of the Piedmont Electric Member Corporation business plan, as they purchase electricity at wholesale rates from other companies and then resell to their customers.

Piedmont Electric Member Corporation Net Metering

Offering net metering to consumers is a win-win situation for Piedmont Electric Member Corporation and residents who get their electricity from the company. Without net metering, solar panel installation is significantly less attractive economically, as individuals have no way to sell extra energy back into the grid.

Energy Loss

All providers who produce electricity suffer from some energy loss from heat depletion or other factors. Piedmont Electric Member Corporation is no different, as they have a yearly loss of around 5.84% of the total electricity they produce. The state of North Carolina has an energy loss average of 3.99% and the nationwide average is 2.76%, resulting in Piedmont Electric Member Corporation receiving a rank of 41st best out of 104 providers reporting energy loss in North Carolina.

Piedmont Electric Member Corporation Rate & Electric Bills

Piedmont Electric Member Corporation residential electric rates are highest in January and the highest average bill is in May.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.139/kWh$0.127/kWh$160.53/mo.$153.79/mo.
2234th13.88¢Piedmont Electric Member Corporation's Average residential price per kWh
2724th$159.81Average monthly electricity bill for Piedmont Electric Member Corporation's residential customers

Piedmont Electric Member Corporation Overview

  • Company Type:Cooperative
  • Headquarters:2500 North Carolina -86 South
    Hillsborough, North Carolina 27278
    United States of America
  • CEO:Stephen Hamlin

Piedmont Electric Member Corporation Contact

Piedmont Electric Member Corporation Service

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Energy Loss

Piedmont Electric Member Corporation's energy loss due to business operations.

-5.84%

Total Energy Loss

29,005MWh

1112 National Rank

Piedmont Electric Member Corporation Coverage Map

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Piedmont Electric Member Corporation State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
North Carolina32,92364,691,40023100%

Piedmont Electric Member Corporation County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Alamance County171,415411.03$116.59/mo
Caswell County22,736312.16$134.43/mo
Durham County324,833411.27$122.04/mo
Granville County60,992512.12$135.14/mo
Orange County148,696311.93$131.05/mo
Person County39,097212.94$145.81/mo

Cities Piedmont Electric Member Corporation Has Coverage

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

Piedmont Electric Member Corporation Reviews

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Piedmont Electric Member Corporation FAQ:

What is the average bundled bill for Piedmont Electric Member Corporation customers each month?

The average monthly bundled electric bill for customers of Piedmont Electric Member Corporation is $159.81. The North Carolina average bundled bill is $120.22 and the United States average is $120.22.

Who is the CEO of Piedmont Electric Member Corporation?

The current CEO of Piedmont Electric Member Corporation is Stephen Hamlin.

What is the average bundled electricity rate for Piedmont Electric Member Corporation customers?

Piedmont Electric Member Corporation's current average bundled electricity rate is 13.88 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.

How many counties does Piedmont Electric Member Corporation offer service in?

There are 6 counties that receive at least some electricity coverage by Piedmont Electric Member Corporation including North Carolina.

What is the phone number for Piedmont Electric Member Corporation?

Piedmont Electric Member Corporation's customer service phone number is (800) 222-3107

What cities does Piedmont Electric Member Corporation sell electricity in?

Piedmont Electric Member Corporation supplies in 4 cities.

Last Reviewed By: Ginalyn Gelera
Published: 2022-09-27