Tri-County Electric Membership Corporation (North Carolina)

About Tri-County Electric Membership Corporation (North Carolina)

Tri-County Electric Membership Corporation (North Carolina) is an electricity cooperative with headquarters in Dudley, North Carolina and supplying electricity to customers in 4 counties in North Carolina. The company recently disclosed a total of 26,295 total customers, 83.35% of which are residential accounts, 16.63% are commercial customer accounts and 0.01% are industrial properties. On average, Tri-County Electric Membership Corporation (North Carolina)'s residential electricity rate is 11.51 cents per kilowatt hour. Fortunately, this is 10.99% less than North Carolina's average price of 12.93 cents. About 552,107 megawatt hours were sold by the supplier to retail accounts in 2022. The electricity sourced by Tri-County Electric Membership Corporation (North Carolina) is made up primarily of megawatt hours they purchased on wholesale channels. This category makes up 100.00% of all electricity sourced. In 2022, they made a total of $60,224,000 from business activities relating to the sale and transfer of electricity. They had revenue of $59,801,000 from retail sales to end users.

The national average monthly residential power bill is $132.69, while the Tri-County Electric Membership Corporation (North Carolina) average is 14.21% higher at $151.55 per month. Tri-County Electric Membership Corporation (North Carolina) is the 2293rd ranked supplier in the country for average monthly bill amount. The company's consumers are faced with an average of 1.06 power outages per customer a year. These outages last an average of 100.16 minutes, while the nationwide average is 1.27 outages per customer and 137.24 minutes an outage. The company does not have ownership in any power facilities and all of the power that they sell to their consumers must be purchased from other companies.