Randolph Electric Membership Corporation

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About Randolph Electric Membership Corporation

Randolph Electric Membership Corporation is an electric cooperative serving the state of North Carolina, including cities like Randleman, Liberty, Biscoe, Franklinville, and Mount Gilead. At the moment, there are 32,554 customers of the provider. About 0.02% of them are industrial accounts, 7.65% are commercial customer accounts and 92.34% are residential customers. Consumers of Randolph Electric Membership Corporation purchase electricity for, on average, 13.40 cents per kilowatt hour. While this is higher than the state average rate of 11.28 cents per kilowatt hour, it is below the United States average of 14.11 cents. They sold 498,788 megawatt hours by way of retail sales in 2020. The electricity sourced was made up of megawatt hours that they purchased on wholesale channels. They purchased 525,184 megawatt hours on the wholesale market. The company made $62,369,600 in total revenue from electricity-related activities in 2020 through sales to retail end-users alone.

The North Carolina average monthly residential electric bill is $120.22, while the Randolph Electric Membership Corporation average is 12.52% more at $135.99 per month. Randolph Electric Membership Corporation is the 79th ranked company in the state for average monthly bill amount. The provider 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 customers.

Energy Loss

Suppliers routinely submit data for energy lost through electricity transmission to government agencies who track electricity grid efficiencies. Randolph Electric Membership Corporation recently reported a loss of 5.03% of the electricity generation. These averages allow us to compare and contrast the grid efficiencies of the numerous providers who operate around the nation. Randolph Electric Membership Corporation has earned a rank of 900th best out of 3509 providers who report energy loss in the United States and 28th best out of 104 in the state.

Randolph Electric Membership Corporation Rate & Electric Bills

Randolph Electric Membership Corporation residential electric rates are highest in January and the highest average bill is in March.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.137/kWh$0.131/kWh$147.87/mo.$132.65/mo.
2056th13.40¢Randolph Electric Membership Corporation's Average residential price per kWh
2295th$135.99Average monthly electricity bill for Randolph Electric Membership Corporation's residential customers

Randolph Electric Membership Corporation Overview

  • Company Type:Cooperative
  • Headquarters:879 McDowell Road
    Asheboro, North Carolina 27204
    United States of America
  • CEO:Dale Lambert

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Energy Loss

Randolph Electric Membership Corporation's energy loss due to business operations.

-5.03%

Total Energy Loss

26,396MWh

900 National Rank

Randolph Electric Membership Corporation Coverage Map

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Randolph Electric Membership Corporation State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
North Carolina32,55462,369,60024100%

Randolph Electric Membership Corporation County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Alamance County171,415411.03$116.59/mo
Chatham County76,285412.51$141.48/mo
Montgomery County25,751412.51$134.68/mo
Moore County99,727412.57$138.99/mo
Randolph County144,171412.28$130.12/mo

Cities Randolph Electric Membership Corporation Has Coverage

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

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Randolph Electric Membership Corporation FAQ:

What is the phone number for Randolph Electric Membership Corporation?

You can reach Randolph Electric Membership Corporation by phone via (800) 672-8212.

Who is the CEO of Randolph Electric Membership Corporation?

The current CEO of Randolph Electric Membership Corporation is Dale Lambert.

What is the average bundled bill for Randolph Electric Membership Corporation customers each month?

Customers of Randolph Electric Membership Corporation pay, on average, a monthly bundled bill of $135.99.

What is the average bundled electricity rate for Randolph Electric Membership Corporation customers?

Customers of Randolph Electric Membership Corporation, on average, have an electricity bundled rate 13.40 cents per kilowatt hour (¢/kWh).

How many counties does Randolph Electric Membership Corporation sell electricity to?

Randolph Electric Membership Corporation sells electricity to customers in 5 counties.

What cities does Randolph Electric Membership Corporation offer service in?

Randolph Electric Membership Corporation has customers in 9 cities throughout the US.

Last Reviewed By: Fernando García
Published: 2022-09-02