Wake Electric

Electricity Rates, Plans & Statistics

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Wake Electric Rate & Electric Bills

Wake Electric residential electric rates are highest in January and the highest average bill is in September.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.126/kWh$0.122/kWh$153.69/mo.$140.10/mo.
1577th12.24¢Wake Electric's Average residential price per kWh
2402nd$140.1Average monthly electricity bill for Wake Electric's residential customers

About Wake Electric

Wake Electric is headquartered in Wake Forest, North Carolina and provides electricity in 16 cities in the state. The company recently reported a total of 4 industrial customer accounts, 2,611 commercial customer accounts and 45,478 residential customers, which makes up the whole of their customer base. Wake Electric bills their patrons a residential electricity rate of 12.24 cents per kilowatt hour on average, which is 8.79% more than the state's average price of 11.25 cents and 10.46% more than the nationwide average of 13.67 cents. In 2020 the company had retail sales of 793,517 megawatt hours. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 831,801 acquired by the company. Their revenue in 2020 from electricity related activities was $94,116,300, with $91,981,300 coming from retail sales to end users.

The average monthly residential electricity bill for a consumer of Wake Electric is $140.1 per month. Customers of the company are stuck with a 15.81% higher bill compared to other residents of the country. The provider does not have ownership in any electricity facilities and all of the power that they sell to their consumers must be purchased wholesale from other companies.

Wake Electric Net Metering

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.

Energy Loss

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 4.51% of the electricity that they generate. Wake Electric's energy loss numbers leave them with a rank of 23rd best out of the 104 providers that operate in the state and report energy loss and 782nd best out of 3510 in the US.

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

Wake Electric Service

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Energy Loss

Wake Electric's energy loss due to business operations.

-4.51%

Total Energy Loss

37,479MWh

782 National Rank

Wake Electric Coverage Map

Coverage Map Placeholder

Wake Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
North Carolina48,09391,981,30018100%

Wake Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Durham County324,833411.29$120.95/mo
Franklin County68,573311.93$131.85/mo
Granville County60,992512.04$133.45/mo
Johnston County215,999811.91$131.69/mo
Nash County94,970611.81$129.72/mo
Vance County42,578311.91$131.17/mo
Wake County1,129,410511.87$130.19/mo

Cities Wake Electric Has Coverage

  • Butner, NC
  • Creedmoor, NC
  • Durham, NC
  • Franklinton, NC
  • Kittrell, NC
  • Knightdale, NC
  • Louisburg, NC
  • Middlesex, NC
  • Oxford, NC
  • Raleigh, NC
  • Rolesville, NC
  • Stovall, NC
  • Wake Forest, NC
  • Wendell, NC
  • Youngsville, NC
  • Zebulon, NC

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

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Wake Electric FAQ:

Who is the CEO of Wake Electric?

Wake Electric's CEO is Jim Mangum.

What is the average bundled electricity rate for Wake Electric customers?

The average bundled price of electricity for consumers of Wake Electric is 12.24 cents per kilowatt hour (¢/kWh).

What is the phone number for Wake Electric?

Wake Electric's customer service phone number is (800) 474-6300

What cities does Wake Electric supply electricity in?

Wake Electric provides electricity to 16 cities throughout the nation including North Carolina.

What is the average bundled bill for Wake Electric customers each month?

Customers of Wake Electric pay, on average, a monthly bundled bill of $140.10.

How many counties does Wake Electric sell electricity to?

Wake Electric supplies electricity to customers in 7 counties in the United States.

Last Reviewed By: Ginalyn Gelera
Published: 2022-08-01