North Carolina Electricity Rates & Average Electricity Bills (2024)

Electricity Companies & Statistics in North Carolina

  • Population

    see rank

    10,551,162
  • Total Production

    see rank

    132,872,517MWh / 12.59MWh per capita
  • Total Consumption

    see rank

    137,966,979MWh / 13.08MWh per capita
  • Total Production from Renewable

    see rank

    19,015,152MWh / 1.8MWh per capita
  • CO2 Emissions from Consumption

    see rank

    40,772,378,492kg / 3,864.25kg per capita
  • Total Production from Non-Renewable

    see rank

    113,857,597MWh / 10.79MWh per capita
North Carolina Electricity Rates & Average Electricity Bills (1)

Average Residential Electricity Bills & Rates in North Carolina

North Carolina residential electric rates are highest in January and the highest average bill is in October.

Historical Electricity Rates:

11th12.25¢Average residential price per kWh in the state of North Carolina

22nd$130.24Average residential monthly electricity bill for North Carolina Residents

North Carolina Electricity Fuel Mix

MonthlyWe report production data as it is published. Due to reporting methods and timing, data from 2022 and 2021 may be incomplete. Data is released in full each fall for the previous calendar year. For clarification on any data points, please contact our team.

AnnualAnnual data for 2021 will be finalized in the fall of 2022. Until that time, some data may be incomplete. Data for 2022 is a summation of all information released to date, which may only represent a portion of the actual production that has occurred. For clarification on any data points, please contact our team.

North Carolina's Electricity Prices and Usage

North Carolina has an average residential electricity rate of 12.25 cents per kilowatt hour. This is 20.14% below the United States average price of 15.34 cents. This ranks North Carolina as the 11th lowest priced state in the nation using average electric rate. The state has over 100 electricity suppliers, but consumers are left with a single supplier choice due to the fact that North Carolina has a regulated electricity market. On average, citizens of North Carolina account for 3,864.25 kilograms of CO2 gases from electricity use for each resident of the state, which is 33rd highest in the US. The state has seen a 41.57% decrease in coal usage for electricity production within the past 12 months. The state has seen a 10.89% increase in electricity produced from the use of solar energy throughout the last year. North Carolina has seen a 2.10% rise in the use of renewable fuel sources for electricity production during the previous 12 months.

Residential Electricity Providers in North Carolina

ProviderService TypeResidential Rate (¢)Residential Average Bill ($)Residential Sales (MWh)Residential Revenues ($)State Production (MWh)
Duke Energy CarolinasBUNDLED10.65108.2922,515,8632,396,911,99251,992,321.03
Duke Energy ProgressBUNDLED12.42132.9216,625,2042,065,536,54952,900,742.63
Energy United Electric Member CorpBUNDLED11.15131.781,651,446184,112,000
Dominion EnergyBUNDLED11.74149.091,623,641190,607,9811,315,144
Union PowerBUNDLED12.18150.881,180,194143,760,000
Brunswick Electric Membership CorporationBUNDLED13.84141.261,147,456158,764,972
Lumbee River EMCBUNDLED11.55158.831,012,883117,016,500
Jones Onslow Electric Membership CorporationBUNDLED12.11131.22993,163120,288,000
Rutherford ElectricBUNDLED12.03139.34956,159114,988,242
Fayetteville Electric CompanyBUNDLED11.06111.56907,516100,331,00049,246

104 providers total

Commercial Electricity Providers in North Carolina

ProviderService TypeCommercial Rate (¢)Commercial Average Bill ($)Commercial Sales (MWh)Commercial Revenues ($)State Production (MWh)
Duke Energy CarolinasBUNDLED7.69505.8824,391,4711,875,364,93851,992,321.03
Duke Energy ProgressBUNDLED9.76489.5413,142,3661,283,309,70952,900,742.63
Dominion EnergyBUNDLED9.55390.43919,65587,849,8611,315,144
Fayetteville Electric CompanyBUNDLED10.51635.33681,42771,606,00049,246
Energy United Electric Member CorpBUNDLED9.68264614,66259,469,000
Greenville UtilitiesBUNDLED9.68631.99602,53958,350,300
City of High Point UtilitiesBUNDLED10.47863.81596,91562,505,500584
Concord UtilitiesBUNDLED9.22597.64378,23234,861,500
Brunswick Electric Membership CorporationBUNDLED11.02310.52375,81641,406,468
City of Gastonia UtilitiesBUNDLED10.74676.27316,77834,027,400

104 providers total

Power Plants in North Carolina

PlantCity/CountyPrimary Fuel TypeProduction (MWh)Emission (KG)Emissions/MWh (KG/MWh)Toxic Chemical ReleaseClosing Date
Mecklenburg County Nuclear 19,446,659
Brunswick County Nuclear 15,447,162

Sherwood H Smith Jr Energy ComplexDuke Energy Progress (100.00%)

Richmond County Natural Gas 9,897,766.034,169,215,575.52421.23
Stokes County Natural Gas 8,686,1515,580,392,099.68642.45
Wake County Nuclear 7,803,150
Lake Norman of Catawba CDP Natural Gas 6,821,787.014,787,638,237.14701.82

Lee Combined Cycle PlantDuke Energy Progress (100.00%)

Wayne County Natural Gas 5,981,7032,411,671,121.96403.17

James E. Rogers Energy ComplexDuke Energy Carolinas (100.00%)

Cleveland County Natural Gas 5,074,968.022,992,615,457.48589.68
Rowan County Natural Gas 4,836,4861,830,998,141.14378.58
Person County Coal 4,696,220.014,844,599,301.431,031.6

815 power plants total

Quick Facts

When calculating by customer count, Duke Energy Carolinas is the largest provider in the state of North Carolina.

North Carolina produces 96.31% of their needed electricity and must purchase the remaining 3.69% from other states.

The monthly residential electric bill average in North Carolina is $130.24 compared to the nationwide average of $137.45. North Carolina consumers enjoy a 5.25% lower average bill each month compared to their fellow countrymen.

Residents living in North Carolina use a grand total of over 137,900,000 megawatt hours for their electricity needs.

North Carolina has experienced a 1.18% rise in the burning of non-renewable fuel sources for electricity generation during the last year.

North Carolina's ability to produce 5,219,436.04 megawatts of electricity from the use of hydroelectric energy sources, has given rise to its ranking of 11th highest hydroelectric energy generator in the nation.

CountyPopulationProvidersPlantsResidential Rate (¢)Residential Avg. Electric Bill
Alamance County169,1855811.27$117.99/mo
Alexander County36,4914310.90$120.03/mo
Alleghany County10,910312.60$110.26/mo
Anson County22,3883912.62$140.56/mo
Ashe County26,598112.62$110.28/mo
Avery County17,747411.34$110.38/mo
Beaufort County44,89861113.47$137.28/mo
Bertie County18,1053614.62$176.22/mo
Bladen County30,10551512.58$147.41/mo
Brunswick County133,7894513.04$136.56/mo
Buncombe County266,9814612.61$130.03/mo
Burke County87,8297911.27$121.54/mo
Cabarrus County221,2004710.93$117.50/mo
Caldwell County80,7054311.57$109.30/mo
Camden County10,3532412.41$156.71/mo
Carteret County67,944311.95$126.41/mo
Caswell County22,7854512.29$135.11/mo
Catawba County159,85261810.92$116.26/mo
Chatham County75,07051212.65$143.50/mo
Cherokee County28,5155512.04$113.53/mo
Chowan County13,7964512.67$159.30/mo
Clay County10,9973212.19$114.82/mo
Cleveland County98,89862810.98$114.60/mo
Columbus County51,47431613.07$136.76/mo
Craven County101,40551112.43$131.51/mo
Cumberland County333,58251512.30$141.27/mo
Currituck County27,5752411.80$149.79/mo
Dare County36,7183113.68$146.37/mo
Davidson County168,0025610.99$121.02/mo
Davie County42,5433610.90$119.98/mo
Duplin County49,83653112.31$143.95/mo
Durham County320,1465511.47$123.45/mo
Edgecombe County49,6098812.94$149.90/mo
Forsyth County380,5834511.30$117.30/mo
Franklin County67,59841312.37$135.36/mo
Gaston County226,09771411.23$119.11/mo
Gates County10,5842313.71$167.67/mo
Graham County8,0892110.65$108.29/mo
Granville County60,8546812.31$136.17/mo
Greene County20,5245412.75$149.90/mo
Guilford County537,11341210.81$109.80/mo
Halifax County49,29181613.14$151.07/mo
Harnett County133,07441012.55$146.00/mo
Haywood County61,6954313.73$135.36/mo
Henderson County115,6132310.65$108.29/mo
Hertford County22,01021413.34$164.19/mo
Hoke County52,1693312.10$142.52/mo
Hyde County4,6972114.10$138.19/mo
Iredell County183,9654710.89$119.49/mo
Jackson County42,9834511.74$116.72/mo
Johnston County211,32092812.39$135.87/mo
Jones County9,3264712.25$131.58/mo
Lee County62,6763912.77$154.02/mo
Lenoir County55,34471312.29$136.35/mo
Lincoln County85,6705511.29$123.17/mo
Macon County36,5324311.44$113.28/mo
Madison County21,269312.86$118.70/mo
Martin County22,21381612.51$154.38/mo
McDowell County44,527311.16$119.96/mo
Mecklenburg County1,100,9847710.94$114.62/mo
Mitchell County14,951412.80$120.63/mo
Montgomery County25,89151212.63$135.21/mo
Moore County98,6185912.70$140.37/mo
Nash County94,62862912.35$133.91/mo
New Hanover County225,1752312.42$132.92/mo
Northampton County17,91751513.57$165.24/mo
Onslow County201,5973912.27$132.07/mo
Orange County147,3764411.91$131.71/mo
Pamlico County12,2933113.32$135.51/mo
Pasquotank County40,2403312.65$159.07/mo
Pender County59,9644812.57$146.45/mo
Perquimans County13,0023912.72$160.03/mo
Person County38,99931012.90$145.89/mo
Pitt County170,600101011.80$131.56/mo
Polk County19,4133111.25$121.85/mo
Randolph County143,73551212.39$130.23/mo
Richmond County43,3013912.61$140.28/mo
Robeson County118,83654412.01$144.95/mo
Rockingham County90,9033810.78$114.51/mo
Rowan County145,78451410.86$115.98/mo
Rutherford County64,59251111.07$117.35/mo
Sampson County59,46841412.53$147.35/mo
Scotland County34,34551212.20$142.36/mo
Stanly County62,1485511.33$125.92/mo
Stokes County44,5884411.53$121.89/mo
Surry County71,4394512.83$131.92/mo
Swain County14,1662110.65$108.29/mo
Transylvania County32,979312.56$120.44/mo
Tyrrell County3,436111.74$149.09/mo
Union County235,6995711.42$127.52/mo
Vance County42,65041312.38$134.59/mo
Wake County1,112,88371112.36$134.13/mo
Warren County18,8894913.02$143.34/mo
Washington County11,1832312.73$144.53/mo
Watauga County54,077312.50$109.24/mo
Wayne County117,69253112.05$140.53/mo
Wilkes County66,335512.06$122.65/mo
Wilson County78,84471412.05$133.73/mo
Yadkin County37,1983812.83$131.92/mo
Yancey County18,357312.86$118.89/mo

Power Plant Fuel Types, Emissions & Pollution Factors

When it comes to electricity generation, North Carolina's top fuel is Natural Gas, accounting for 58,448,441.25 megawatt hours, or 43.99% of production in the state. Nuclear and Coal are the second and third most often used fuel types for electricity generation. Nuclear makes up 42,696,971 megawatt hours (32.13%) of electricity production and Coal makes up 12,257,554.63 megawatt hours (9.23%) of total generation in the state. Approximately 40,772,378,491.89 kilograms of CO2 emissions are released in the state from electricity use. Averaging 3,864.25 kilograms of CO2 emissions per citizen, the state ranks 33rd highest for emissions per capita. North Carolina has 815 power plants, which is the 2nd most in the US and 8th most when counting facilities per citizen.

NUCLEAR

North Carolina Electricity Rates & Average Electricity Bills (7)

North Carolina Electricity Rates & Average Electricity Bills (8)

North Carolina Electricity Rates & Average Electricity Bills (9)

North Carolina Electricity Rates & Average Electricity Bills (10)

32.13%

COAL

North Carolina Electricity Rates & Average Electricity Bills (11)

9.23%

SOLAR

North Carolina Electricity Rates & Average Electricity Bills (12)

8.59%

CONVENTIONAL HYDROELECTRIC

North Carolina Electricity Rates & Average Electricity Bills (13)

3.93%

OTHER

North Carolina Electricity Rates & Average Electricity Bills (14)

2.13%

North Carolina Net Metering

Roughly 22.12% of the electricity providers in North Carolina offer net metering to their consumers. North Carolina has good regulations in place for consumers who are interested in taking advantage of net metering with solar panels.

Energy Loss

North Carolina has 46 electricity providers who report energy loss during transmission activities. The average energy loss for these suppliers is 4.11%. With a nationwide average of 2.45%, North Carolina is the 38th best state in the country.

Solar Taxes And Rebates

When it comes to stimulating personal solar, one of the government's easiest methods is tax and rebate related incentives. North Carolina currently offers no state tax credit to consumers who purchase solar panels at their place of residence. Residents in the state enjoy rebates for private solar installs of over $500. This is the highest amount we've seen in the US. North Carolina offers citizens a 100% tax exemption that lasts less than 10 years. Citizens in the state do not have access to a sales tax exemption when installing private solar panels.

State Level Initiatives

Whether a consumer is able to easily find electricity options with renewable fuel sources is at least somewhat determined by initiatives at the state level. Many states require green fuel sources to be a percentage of the fuel used for electricity production by providers in the state. These guidelines are referred to as Renewable Portfolio Standards (RPS). While further improvements could be made, North Carolina requires for 1-15% of electric output to come from renewable fuels. Furthermore, there are currently no low income solar programs to assist low income families to install solar panels.

Learn about going solar in North Carolina, find out which system size is best for you, compare local installers and see which incentives are available in your area.

FAQ: Common Questions About Electricity in North Carolina

What is a good electricity rate in North Carolina?

The average electricity rate in North Carolina is 12.25 cents per kilowatt hour, so anything below this amount is better than most. The lowest priced provider is currently New River Light & Power, at 9.47 cents per kilowatt hour.

Which electricity company is the largest supplier in North Carolina?

By total revenue, Duke Energy Carolinas is the largest electricity supplier in North Carolina.

Where does North Carolina get its electricity?

The main fuels used for electricity generation in North Carolina are Natural Gas, Nuclear and Coal, accounting for 43.99%, 32.13% and 9.23% respectively.

Does North Carolina have a deregulated electricity market?

North Carolina has a regulated electricity market, rather than a deregulated market. This means that consumers in the state normally have only one or two electricity provider options when it comes time to choose who they purchase electricity from.

What is the cheapest electricity company in North Carolina?
Residential Rate RankProviderResidential Rate (¢)State Customers
1New River Light & Power9.478,942
2Lucama, North Carolina Electric Utility10.131,163
3Concord Utilities10.2133,019
4City of Kings Mountain Utilities10.275,218
5Town of Dallas Utilities10.343,737
6Duke Energy Carolinas10.652,158,012
7Elizabeth City Power10.6513,003
8Ayden Utilities10.744,219
9Statesville Electric Utility10.7714,036
10Mountain Electric Cooperative10.9019,609
What is the average electric bill in North Carolina?

In 2023, North Carolina has an average electricity bill of $130, while the United States average is $137.

How many power plants are located within North Carolina?

North Carolina has 815 power plants generating electricity for the state.

What electricity companies offer service in North Carolina?
How many electric companies offer service in North Carolina?

North Carolina has 104 electricity providers offering service in the area.

North Carolina Electricity Rates & Average Electricity Bills (15)

Last Reviewed By: Matt Hope

Published: 2022-10-06

North Carolina Electricity Rates & Average Electricity Bills (2024)

FAQs

What is the average electricity rate in North Carolina? ›

Electric rates in North Carolina

The average residential electricity rate in North Carolina is 13 ¢/kWh, which is 24% lower than the national average rate of 18 ¢/kWh.

What is the average electric bill per month in NC? ›

Utility Costs in North Carolina
UtilityAverage North Carolina Bill
Electricity$120
Gas$119
Cable & Internet$112
Water$20

What is the average energy bill in my area? ›

On average, Los Angeles County, CA residents spend about $197 per month on electricity. That adds up to $2,364 per year. That's 14% higher than the national average electric bill of $2,075.

What is the average electric bill in the US? ›

In 2021, the average U.S. household spent $122 per month on electricity, with the average U.S. resident consuming 892 kilowatt-hours per month, according to the U.S. Energy Information Administration. Average electric bill costs differ by state, and some states are more affordable than others.

How much is electricity per kilowatt-hour in North Carolina? ›

Electricity (kWh) Prices by State
STATESep 2021MOVEMENT
North Carolina11.24¢ / kWhUP
North Dakota12.07¢ / kWhDOWN
Ohio12.64¢ / kWhDOWN
Oklahoma10.72¢ / kWhUP
47 more rows

What states have the highest electricity rates? ›

U.S. residential retail price of electricity 2022, by state

Hawaii is the U.S. state with the highest household electricity price. In September 2022, the average retail price of electricity for Hawaiian residences amounted to roughly 45 U.S. cents per kilowatt-hour.

What are North Carolina utility rates? ›

North Carolina's Electricity Prices and Usage

North Carolina has an average residential electricity rate of 12.25 cents per kilowatt hour. This is 20.14% below the United States average price of 15.34 cents. This ranks North Carolina as the 11th lowest priced state in the nation using average electric rate.

What is the average Duke energy bill in NC? ›

Average Duke Energy Electric Bill
Based on average usage of 1,027 kilowatt hours (kWh) per month, as of 10/27/2022*
Month
Total Monthly Bill:$179.44
Price per kWh (with fixed charge):$0.174727
Price per kWh (w/o fixed charge):$0.164464
15 more rows

Is it cheaper to live in NC or TX? ›

Lower Cost Of Living

For example, housing in NC is 3 percent lower than Texas, but healthcare is 12 percent more expensive. Transportation in North Carolina is a full 20 percent less expensive than Texas, but houses are about the same median price ($242,300 in NC and $243,600 in TX).

What costs the most on your energy bill? ›

What costs the most on your electric bill? Heating and cooling are by far the greatest energy users in the home, making up around 40% of your electric bill. Other big users are washers, dryers, ovens, and stoves. Electronic devices like laptops and TVs are usually pretty cheap to run, but of course, it can all add up.

Who has highest utility rates? ›

The Average Electricity Rate in the U.S. is 16.11 cents per kilowatt-hour. Hawaii has the highest average electricity rate of 43.18 cents per kilowatt-hour.

How much electricity does a TV use? ›

On average, the latest TVs use around 58.6 watts when running and 1.3 watts while in standby mode. The range of power consumption is 10W to 117W while the TV is on and 0.5W to 3W on standby, and this large range is because there are different technologies and sizes of TVs which result in different power consumption.

How much is the average power bill in Alabama? ›

The average household in Alabama uses 1,214 kWh per month. So, the average household bill in Alabama is about $154.30 each month.

What is the average cost of electricity in the US quizlet? ›

The average cost of electricity in the United States is approximately $0.09 per kilowatt hour.

What is the average AC bill per month in India? ›

An average electricity bill of 1.5 Ton AC (Window / Split or Normal / Inverter AC) is Rs. 2,000 to 3,000 per month. That means if you have one 1.5 ton ac, 4 star rating inverter ac, then your monthly electricity bill be approx. 3500 to 5000 in summer season.

How much does Duke Energy charge per kilowatt hour in NC? ›

Average Duke Energy Electric Bill
Based on average usage of 1,027 kilowatt hours (kWh) per month, as of 10/27/2022*
RatesMonth
First 300 kWh$0.148799$44.64
Next 700 kWh$0.108297$75.81
Over 1000 kWh$0.098147$2.65
15 more rows

What is the average electric bill in Raleigh NC? ›

Utilities (Monthly)

Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Raleigh, energy bills cost around $186.87 per month.

How much does electricity cost in Charlotte? ›

Average electricity rates:

The average residential electric rate in Charlotte is approximately 10.5 cents per kilowatt-hour (kWh), which is slightly lower than the national average of 119 cents per kWh.

What are electric rates in Asheville NC? ›

The average residential electricity rate in Asheville, NC is 14 ¢/kWh, which is 8% higher than the average electricity rate in North Carolina of 13.32 ¢/kWh. The average residential electricity rate in Asheville, NC is 18% lower than the national average rate of 18 ¢/kWh.

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