Wake Electric
Electricity Rates, Plans & Statistics
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About Wake Electric
Wake Electric is headquartered in Wake Forest, North Carolina and provides electricity in 10 cities in the state. The company recently reported a total of 2 industrial customer accounts, 2,674 commercial customer accounts and 52,497 residential customers, which makes up the whole of their customer base. Wake Electric bills their patrons a residential electricity rate of 13.34 cents per kilowatt hour on average, resulting in the supplier ranking 36th out of 108 suppliers in the state and 1321st out of 2885 in the country. The company sold 836,452 megawatt hours via retail sales in 2023. The megawatt hours sourced by the provider primarily came from megawatt hours that they procured by way of wholesale channels. They purchased 869,780 wholesale megawatt hours. In 2023, the provider made 98.37% of their revenue from retail electricity sales to end users. Their revenue from electricity activities was $101,062,000.
The average monthly residential electricity bill for a consumer of Wake Electric is $149.27 per month. Customers of the company are stuck with a 7.62% higher bill compared to other residents of the country. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates from other suppliers to then be resold to their customers. Consumers of the provider deal with 1.5 power outages a year with outages lasting on average 98.4 minutes.
Fortunately, Wake Electric allows customers of the company to participate in net metering programs. This makes it cheaper for people to install solar and other electricity options as they have the ability to sell excess megawatt hours back into the grid.
Loss of electricity from heat dissipation while transmitting electricity and other causes is part of being in the electricity production business. Electricity companies are required to report these losses. Wake Electric reported a yearly loss of approximately 3.70% of the electricity that they generate. Wake Electric's energy loss numbers leave them with a rank of 23rd best out of the 103 providers that operate in the state and report energy loss and 726th best out of 3530 in the US.
Wake Electric Rate & Electric Bills
Wake Electric residential electric rates are highest in April and the highest average bill is in July.
Historical Electricity Rates:
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Wake Electric Overview
- Company Type:Cooperative
- Headquarters:100 South Franklin Street
Wake Forest, North Carolina 27587
United States of America - CEO:Jim Mangum
Wake Electric Contact
- Website:www.wemc.com
- Customer Service Phone:(800) 474-6300
- Contact Page:www.wemc.com
- Social Media:
Wake Electric Service
- Rates & Plans:www.wemc.com
- Outage Map:wemc.outagemap.coop
- Outage Phone:(919) 863-6499
- States Served:
- North Carolina
- Counties Served:
- Wake County
- Durham County
- Johnston County
- Nash County
- Franklin County
- Major Cities Served:
- Raleigh
- Durham
- Wake Forest
- Knightdale
- Rolesville
- Oxford
- Zebulon
- Creedmoor
- Youngsville
- Franklinton
Energy Loss
Wake Electric's energy loss due to business operations.
Total Energy Loss
32,225MWh
726 National Rank
Grid Reliability
Length & Frequency of Wake Electric's Power Outages
98.4 min.
vs. national average of 123.49 min.
1.5 outages/yr
vs. national average of 1.44
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Wake Electric Coverage Map
Wake Electric State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| North Carolina | 55,173 | 112,202,913.27 | 19 | 100% |
Wake Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Durham County | 332,680 | 4 | 14.17 | $145.56/mo |
| Franklin County | 74,539 | 3 | 14.83 | $153.89/mo |
| Granville County | 60,854 | 4 | 14.72 | $155.22/mo |
| Johnston County | 234,778 | 8 | 14.96 | $155.42/mo |
| Nash County | 95,789 | 6 | 14.73 | $151.68/mo |
| Vance County | 42,650 | 2 | 15.01 | $154.88/mo |
| Wake County | 1,175,021 | 5 | 14.94 | $152.74/mo |
Cities Wake Electric Has Coverage
- Creedmoor, NC
- Durham, NC
- Franklinton, NC
- Knightdale, NC
- Oxford, NC
- Raleigh, NC
- Rolesville, NC
- Wake Forest, NC
- Youngsville, NC
- Zebulon, NC
* City coverage generated based on government data. Always verify you can get service from the provider.
Wake Electric Reviews
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Wake Electric FAQ:
Who is the CEO of Wake Electric?
Wake Electric's CEO is Jim Mangum.
When will Wake Electric power be restored?
Average outage times for Wake Electric are around 98.4 minutes per outage.
How many counties does Wake Electric sell electricity in?
There are 7 counties that receive at least some electricity coverage by Wake Electric.
What is the average bundled electricity rate for Wake Electric customers?
The average bundled price of electricity for consumers of Wake Electric is 13.34 cents per kilowatt hour (¢/kWh).
What cities does Wake Electric supply electricity in?
Wake Electric has customers in 10 cities.
What is the average bundled bill for Wake Electric customers each month?
Consumers of Wake Electric pay, on average, a monthly bundled bill of $149.27.
What is the phone number for Wake Electric?
The Wake Electric phone number is (800) 474-6300.
