Randolph Electric Membership Corporation

About Randolph Electric Membership Corporation

With their main offices in Asheboro, North Carolina, Randolph Electric Membership Corporation supplies electricity to 14 cities in Alamance County, North Carolina and is classified as an electric cooperative. With 32,554 customers, the company provides electricity to 30,059 residential customers, 2,489 commercial locations and 6 industrial accounts. Randolph Electric Membership Corporation bills their customers a residential electricity price of 13.40 cents per kilowatt hour on average. Sadly for their customers, this rate is more than both the state and national average prices of 11.43 and 13.26 cents per kilowatt hour, respectively. In 2020 the company sold 94.97% of their megawatt hours by way of normal retail sales to end users. Of the megawatt hours they sourced, 525,184 megawatt hours were purchased via the wholesale market. Their revenue for 2020 from electricity related activities was $62,369,600, with 100.00% coming from retail sales to end users.

Consumers of the provider have an average monthly residential electricity bill of $135.99. This is 15.31% more than the US average of $117.93. The company is not associated with any electricity generation plants and all of the megawatt hours that they sell to their customers must be purchased from other companies.

Energy Loss

Randolph Electric Membership Corporation reports energy loss of 5.03% of their total generation during transmission. This percentage of loss earns them a rank of 902nd best out of 3510 suppliers reporting energy loss in the country.

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 Electric Rates:

Price Per kWHAverage Bill$0.137/kWh$0.131/kWh$147.87/mo.$132.65/mo.
2113th13.40¢Randolph Electric Membership Corporation's Average residential price per kWh
2364th$135.99Average monthly electric 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

Randolph Electric Membership Corporation Contact

Randolph Electric Membership Corporation Service

Energy Loss

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

-5.03%

Total Energy Loss

26,396MWh

902 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 County169,509410.95$115.47/mo
Chatham County74,470411.31$121.79/mo
Montgomery County27,173412.13$129.61/mo
Moore County100,880412.20$132.81/mo
Randolph County143,667511.46$120.42/mo

Cities Randolph Electric Membership Corporation Has Coverage

  • Asheboro, NC
  • Biscoe, NC
  • Carthage, NC
  • Franklinville, NC
  • Liberty, NC
  • Mount Gilead, NC
  • Ramseur, NC
  • Randleman, NC
  • Robbins, NC
  • Seagrove, NC
  • Siler City, NC
  • Staley, NC
  • Star, NC
  • Troy, 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:

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

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

What is the phone number for Randolph Electric Membership Corporation?

Randolph Electric Membership Corporation's customer service phone number is (800) 672-8212

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

The average bundled price of electricity for customers of Randolph Electric Membership Corporation is 13.40 cents per kilowatt hour (¢/kWh).

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

The average monthly bundled electric bill for customers of Randolph Electric Membership Corporation is $135.99. The state average bundled bill is $121.21 and the national average is $121.21.

What cities does Randolph Electric Membership Corporation supply electricity to?

Randolph Electric Membership Corporation provides electricity in 14 cities.

Who is the CEO of Randolph Electric Membership Corporation?

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

Last Reviewed By: Fernando García
Published: 2021-03-16Last Updated: 2022-01-06