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 Asheboro, Pinehurst, Randleman, Seven Lakes CDP, and Troy. At the moment, there are 34,288 customers of the provider. About 0.02% of them are industrial accounts, 7.92% are commercial customer accounts and 92.06% are residential customers. Consumers of Randolph Electric Membership Corporation purchase electricity for, on average, 15.05 cents per kilowatt hour. While this is higher than the state average rate of 14.12 cents per kilowatt hour, it is below the United States average of 16.19 cents. They sold 496,385 megawatt hours by way of retail sales in 2023. The electricity sourced was made up of megawatt hours that they purchased on wholesale channels. They purchased 522,872 megawatt hours on the wholesale market. The company made $69,039,000 in total revenue from electricity-related activities in 2023 through sales to retail end-users alone.

The North Carolina average monthly residential electric bill is $145.89, while the Randolph Electric Membership Corporation average is 9.58% more at $159.59 per month. Randolph Electric Membership Corporation is the 81st ranked company in the state for average monthly bill amount. The power grid managed by the supplier has an average of 2.29 outages per customer a year, with outages lasting on average 123.27 minutes. The US average for other companies is 1.44 outages per consumer and around 123.49 minutes each outage. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users.

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 5.07% 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 1064th best out of 3530 providers who report energy loss in the United States and 47th best out of 103 in the state.

Randolph Electric Membership Corporation Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.159/kWh$0.116/kWh$208.82/mo.$102.42/mo.
1918th15.05¢Randolph Electric Membership Corporation's Average residential price per kWh
2131st$159.59Average 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

Energy Loss

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

-5.07%

Total Energy Loss

26,487MWh

1064 National Rank

Grid Reliability

Length & Frequency of Randolph Electric Membership Corporation's Power Outages

123.27 min.

vs. national average of 123.49 min.

2.29 outages/yr

vs. national average of 1.44

Power Outages

Currently, 0 customers are being tracked in Randolph Electric Membership Corporation.

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Customers Out:

0

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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 Carolina34,34274,481,349.1423100%

Randolph Electric Membership Corporation County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Alamance County176,353414.08$142.70/mo
Chatham County79,864414.92$162.77/mo
Montgomery County25,891315.00$156.98/mo
Moore County105,531414.97$159.96/mo
Randolph County146,043314.84$151.44/mo

Cities Randolph Electric Membership Corporation Has Coverage

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

Randolph Electric Membership Corporation Reviews

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Randolph Electric Membership Corporation FAQ:

What is the phone number for Randolph Electric Membership Corporation?

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

Who is the CEO of Randolph Electric Membership Corporation?

Randolph Electric Membership Corporation's current CEO is Dale Lambert.

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

The average bundled rate of electricity for customers of Randolph Electric Membership Corporation is 15.05 cents per kilowatt hour (¢/kWh).

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

Consumers of Randolph Electric Membership Corporation pay, on average, a monthly bundled bill of $159.59.

How many counties does Randolph Electric Membership Corporation offer service in?

There are 5 counties that receive at least some electricity coverage by Randolph Electric Membership Corporation including North Carolina.

When will Randolph Electric Membership Corporation power be restored?

Randolph Electric Membership Corporation's outages last, on average, around 123.274 minutes per outage.

What cities does Randolph Electric Membership Corporation sell electricity in?

Randolph Electric Membership Corporation serves electricity in 10 cities in the country including North Carolina.

Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-05-05