Wake Electric Membership Corp electricity rates

It serves 53,268 residential customers in North Carolina. Its 13.42¢ per kilowatt-hour sits 11.1% below the North Carolina average of 15.09¢.

Its customers use more electricity than the national norm, 1,111 kilowatt-hours a month against 871, which amplifies whatever the rate does.

Owned by the customers it serves, with directors elected by members. Co-ops are frequently outside state rate regulation. That matters because a bill is not only the cost of generating electricity: it also carries the cost of the network, and who owns that network changes how it is paid for.

In 2024 the average Wake Electric Membership Corp customer went 166 minutes without electricity across 1.9 interruptions. The median across the 941 utilities that report this is 185 minutes.

That is better than the typical American utility, though the figure includes major storm days and can move sharply from one year to the next.

Wake Electric Membership Corp offers time-of-use pricing to residential customers. 1,178 households were enrolled, about 2.2% of its residential base.

These plans are opt-in almost everywhere. They reward households that can move laundry, dishwashing, water heating or electric vehicle charging out of the late-afternoon peak, and they cost more than the standard rate for households that cannot. How to tell which group you are in.

796 residential customers had net-metered solar in 2024, totalling 5.17 megawatts. That works out to 14.9 installations per thousand customers, against a median of 8 across the utilities reporting it.

Adoption is above the national median, which generally tracks the retail rate more closely than it tracks sunshine. What exports are actually worth.