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. The residential electricity rate for consumers of Piedmont Electric Member Corporation is, on average, 15.92 cents per kilowatt hour, which is 12.91% above North Carolina's average price of 14.10 cents. This ranks the provider 94th lowest for average electricity price out of 108 providers in North Carolina. They sold 488,722 megawatt hours in 2023 via retail sales. The electricity sourced was made up of megawatt hours purchased on the wholesale market. They purchased 507,375 on the wholesale market. Their total revenue in 2023 from electricity related activities was $76,232,000, with 98.93% coming from retail sales to end users.
The state average monthly residential electricity bill is $145.67, while the Piedmont Electric Member Corporation average is 33.53% higher at $193.76 per month. Piedmont Electric Member Corporation is the 105th ranked supplier in the state for average monthly bill amount. The provider's consumers are faced with an average of 1.77 power outages per consumer each year. These outages go on for an average of 167.81 minutes, while the nationwide average is 1.44 outages per customer and 123.49 minutes per outage. The supplier currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end consumers.
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.
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 3.44% of the total electricity they produce. The state of North Carolina has an energy loss average of 4.02% and the nationwide average is 2.43%, resulting in Piedmont Electric Member Corporation receiving a rank of 20th best out of 103 providers reporting energy loss in North Carolina.
Piedmont Electric Member Corporation Rate & Electric Bills
Piedmont Electric Member Corporation residential electric rates are highest in April and the highest average bill is in August.
Historical Electricity Rates:
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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
- Website:www.pemc.coop
- Customer Service Phone:(800) 222-3107
- Contact Page:www.pemc.coop
- Social Media:
Piedmont Electric Member Corporation Service
- Rates & Plans:www.pemc.coop
- Outage Map:outageviewer.pemc.coop
- Outage Phone:(800) 449-2667
- States Served:
- North Carolina
- Counties Served:
- Durham County
- Alamance County
- Orange County
- Granville County
- Person County
- Major Cities Served:
- Durham
- Carrboro
- Hillsborough
- Roxboro
- Rougemont CDP
- Efland CDP
Energy Loss
Piedmont Electric Member Corporation's energy loss due to business operations.
Total Energy Loss
17,479MWh
655 National Rank
Grid Reliability
Length & Frequency of Piedmont Electric Member Corporation's Power Outages
167.81 min.
vs. national average of 123.49 min.
1.77 outages/yr
vs. national average of 1.44
Power Outages
Currently, 0 customers are being tracked in Piedmont Electric Member Corporation.
Customers Out:
0
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Piedmont Electric Member Corporation Coverage Map
Piedmont Electric Member Corporation State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| North Carolina | 34,891 | 82,107,661.72 | 21 | 100% |
Piedmont Electric Member Corporation County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Alamance County | 176,353 | 4 | 14.05 | $142.43/mo |
| Caswell County | 22,785 | 3 | 15.06 | $162.72/mo |
| Durham County | 332,680 | 4 | 14.09 | $146.77/mo |
| Granville County | 60,854 | 4 | 14.48 | $155.26/mo |
| Orange County | 150,477 | 2 | 14.78 | $160.51/mo |
| Person County | 38,999 | 2 | 15.61 | $174.04/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 $193.76. The North Carolina average bundled bill is $145.67 and the United States average is $145.67.
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 15.92 cents per kilowatt hour (¢/kWh), compared to the average North Carolina bundled rate of 14.10 cents and the average US rate of 16.22 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.
When will Piedmont Electric Member Corporation power be restored?
Average outage times for Piedmont Electric Member Corporation are about 167.814 minutes per outage.
What cities does Piedmont Electric Member Corporation offer service in?
Piedmont Electric Member Corporation has customers in 4 cities in the country.
What is the phone number for Piedmont Electric Member Corporation?
You can reach Piedmont Electric Member Corporation by phone via (800) 222-3107.
