Randolph Electric Membership Corporation: Rates and Coverage Area

Randolph Electric Membership Corporation

Electricity Rates, Plans & Statistics

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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, Biscoe, Liberty, Robbins, and Franklinville. At the moment, there are 33,264 customers of the provider. About 0.02% of them are industrial accounts, 7.75% are commercial customer accounts and 92.23% are residential customers. Consumers of Randolph Electric Membership Corporation purchase electricity for, on average, 14.29 cents per kilowatt hour. While this is higher than the state average rate of 12.74 cents per kilowatt hour, it is below the United States average of 15.59 cents. They sold 525,659 megawatt hours by way of retail sales in 2022. The electricity sourced was made up of megawatt hours that they purchased on wholesale channels. They purchased 554,998 megawatt hours on the wholesale market. The company made $70,544,600 in total revenue from electricity-related activities in 2022 through sales to retail end-users alone.

The North Carolina average monthly residential electric bill is $125, while the Randolph Electric Membership Corporation average is 18.88% more at $150.15 per month. Randolph Electric Membership Corporation is the 82nd 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.

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 June.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.143/kWh$0.131/kWh$150.15/mo.$132.65/mo.
2036th14.29¢Randolph Electric Membership Corporation's Average residential price per kWh
2261st$150.15Average monthly electricity bill for Randolph Electric Membership Corporation's residential customers

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Randolph Electric Membership Corporation Overview

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

Randolph Electric Membership Corporation Contact

Randolph Electric Membership Corporation Service

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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 Carolina33,26470,544,60022100%

Randolph Electric Membership Corporation County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Alamance County176,353412.15$119.97/mo
Chatham County79,864413.81$148.47/mo
Montgomery County25,891413.83$143.89/mo
Moore County105,531413.90$146.81/mo
Randolph County146,043413.60$139.19/mo

Cities Randolph Electric Membership Corporation Has Coverage

  • Biscoe, NC
  • Franklinville, NC
  • Liberty, NC
  • Mount Gilead, NC
  • Randleman, NC
  • Robbins, NC
  • Seagrove, NC
  • Staley, NC
  • Star, NC

* 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 $150.15.

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 14.29 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.

Fernando García
Last Reviewed By: Fernando García
Published: 2023-12-06