Wake Forest Power: Rates and Coverage Area

Wake Forest Power

Electricity Rates, Plans & Statistics

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About Wake Forest Power

Wake Forest Power supplies electricity in Wake County, North Carolina. There are 1,031 commercial customers and 5,856 residential customer accounts receiving electricity from the supplier. Customers of Wake Forest Power are charged an average residential electricity rate of 17.35 cents per kilowatt hour, which is 26.80% above the average state price of 13.68 cents. There were a total of 157,035 megawatt hours sold to retail customers in 2019 by the provider. The electricity sourced by Wake Forest Power is made up primarily of megawatt hours they purchased by way of wholesale channels. Of the electricity sourced by the company, whole purchased made up 100.00%. The revenue for Wake Forest Power for 2019 from electricity sales was $20,161,400, with $20,061,200 from retail sales to end users.

Customers of the company have an average monthly residential power bill of $162.93. This is 19.68% more than the North Carolina average bill of $136.29. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it to end consumers.

Wake Forest Power Rate & Electric Bills

Wake Forest Power residential electric rates are highest in March and the highest average bill is in January.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.197/kWh$0.124/kWh$205.34/mo.$104.20/mo.
2566th17.35¢Wake Forest Power's Average residential price per kWh
2513th$162.93Average monthly electricity bill for Wake Forest Power's residential customers

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Wake Forest Power Overview

  • Company Type:Municipal
  • Headquarters:5031 Unicon Drive
    Wake Forest, North Carolina 27587
    United States of America
  • Director/Superintendent:Chris Terrell

Wake Forest Power Contact

Wake Forest Power Service

  • States Served:
    • North Carolina
  • Counties Served:
    • Wake County
  • Major Cities Served:
    • Wake Forest

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Wake Forest Power Coverage Map

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Wake Forest Power State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
North Carolina6,88723,102,420.9454100%

Wake Forest Power County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Wake County1,175,021514.84$149.33/mo

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Wake Forest Power FAQ:

Who is the CEO of Wake Forest Power?

Chris Terrell is the current CEO of Wake Forest Power.

What is the phone number for Wake Forest Power?

The Wake Forest Power phone number is (919) 435-9478.

What is the average bundled electricity rate for Wake Forest Power customers?

Consumers of Wake Forest Power, on average, have an electricity bundled rate 17.35 cents per kilowatt hour (¢/kWh).

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

Consumers of Wake Forest Power pay, on average, a monthly bundled bill of $162.93.

Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-05-27