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 16 cities in the state. The company recently reported a total of 3 industrial customer accounts, 2,682 commercial customer accounts and 50,141 residential customers, which makes up the whole of their customer base. Wake Electric bills their patrons a residential electricity rate of 12.76 cents per kilowatt hour on average, resulting in the supplier ranking 50th out of 108 suppliers in the state and 1399th out of 2893 in the country. The company sold 822,588 megawatt hours via retail sales in 2022. The megawatt hours sourced by the provider primarily came from megawatt hours that they procured by way of wholesale channels. They purchased 904,427 wholesale megawatt hours. In 2022, the provider made 97.96% of their revenue from retail electricity sales to end users. Their revenue from electricity activities was $101,933,000.
The average monthly residential electricity bill for a consumer of Wake Electric is $139.71 per month. Customers of the company are stuck with a 5.29% 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.
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 8.93% of the electricity that they generate. Wake Electric's energy loss numbers leave them with a rank of 49th best out of the 104 providers that operate in the state and report energy loss and 1379th best out of 3517 in the US.
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:
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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:ebill.wemc.com
- Outage Phone:(919) 863-6499
- States Served:
- North Carolina
- Counties Served:
- Wake County
- Durham County
- Johnston County
- Nash County
- Franklin County
- Major Cities Served:See all cities
- Table Of Contents:
Energy Loss
Wake Electric's energy loss due to business operations.
Total Energy Loss
80,794MWh
1379 National Rank
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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 | 52,826 | 99,853,000 | 17 | 100% |
Wake Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Durham County | 332,680 | 4 | 12.47 | $127.59/mo |
| Franklin County | 74,539 | 3 | 13.84 | $142.52/mo |
| Granville County | 60,854 | 5 | 13.53 | $141.17/mo |
| Johnston County | 234,778 | 8 | 13.91 | $144.41/mo |
| Nash County | 95,789 | 5 | 14.06 | $143.78/mo |
| Vance County | 42,650 | 3 | 13.98 | $143.27/mo |
| Wake County | 1,175,021 | 5 | 13.85 | $141.73/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.
Wake Electric Reviews
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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 12.76 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 $139.71.
How many counties does Wake Electric sell electricity to?
Wake Electric supplies electricity to customers in 7 counties in the United States.
