Wake Electric Membership Corp residential customers paid an average of 13.43¢/kWh in 2024 —
5% below the North Carolina average of 14.13¢/kWh (EIA-861).
It served 53,268 residential customers across 7 NC counties.
Territories are fixed by address, but the cheapest nearby utility, Town of Apex (10.52¢), works out about $314/yr less at 10,800 kWh/yr.
How Wake Electric Membership compares with the utilities next door
| Utility | 2024 ¢/kWh | Customers | Δ vs Wake Electric Membership, ¢/kWh | $/yr difference |
|---|---|---|---|---|
| Town of Apex | 10.52 | 29,289 | -2.91 | -$314 |
| City of Wilson | 12.13 | 32,078 | -1.29 | -$139 |
| City of Rocky Mount | 12.18 | 25,407 | -1.24 | -$134 |
| Tri-County Elec Member Corp | 12.76 | 22,523 | -0.67 | -$72 |
| South River Elec Member Corp | 13.30 | 45,730 | -0.12 | -$13 |
| Wake Electric Membership Corp (this page) | 13.43 | 53,268 | — | — |
| Dominion Energy Virginia | 13.93 | 108,656 | +0.51 | +$55 |
| Duke Energy Carolinas, LLC | 13.94 | 1,919,372 | +0.51 | +$56 |
| Duke Energy Progress | 15.54 | 1,356,079 | +2.12 | +$229 |
| Piedmont Electric Member Corp | 15.60 | 30,334 | +2.17 | +$234 |
| Edgecombe-Martin County E M C | 16.07 | 10,716 | +2.64 | +$285 |
10 bundled utilities (≥5,000 customers) share at least one county with Wake Electric Membership. Positive $/yr = that utility's customers pay more than Wake Electric Membership customers at the same usage. Territories are fixed by address — these gaps measure cost differences between areas, not options you can pick between.
Where Wake Electric Membership customers pay more (county benchmark)
| County | Cheapest utility in county | Their ¢/kWh | Wake Electric Membership premium, $/yr |
|---|---|---|---|
| Wake | Town of Apex | 10.52 | +$314 |
| Johnston | City of Wilson | 12.13 | +$139 |
| Nash | City of Wilson | 12.13 | +$139 |
Multiple utilities in one county means adjoining territories, not household choice — you cannot switch wires companies.
Rate trend and size
| Metric | 2023 | 2024 | Change |
|---|---|---|---|
| Average price, ¢/kWh | 12.53 | 13.43 | +7.1% |
| Residential customers | 51,148 | 53,268 | +4.1% |
Ownership: Cooperative. Statewide context: North Carolina electricity rates.
Supply vs delivery on a Wake Electric Membership bill
North Carolina is a regulated retail market — Wake Electric Membership customers cannot choose a different supplier; rates are set in utility-commission proceedings. Official information: ncuc.gov.
Counties served (NC, EIA-861 2024)
Durham · Franklin · Granville · Johnston · Nash · Vance · Wake
Head-to-head comparisons
- Duke Energy Carolinas, LLC vs Wake Electric Membership Corp
- Duke Energy Progress vs Wake Electric Membership Corp
- Dominion Energy Virginia vs Wake Electric Membership Corp
Questions people ask
- Is Wake Electric Membership Corp more expensive than other North Carolina utilities?
- Wake Electric Membership Corp customers paid an average 13.43 cents/kWh in 2024 — 5% below the North Carolina volume-weighted average of 14.13 cents (EIA-861, bundled residential service).
- Can I switch away from Wake Electric Membership Corp?
- No — distribution territory is fixed by address and North Carolina has no residential supplier shopping. Rate changes go through the state utility commission (ncuc.gov).
- How many customers does Wake Electric Membership Corp have?
- 53,268 residential customers in North Carolina in 2024 across 7 counties, per its EIA-861 federal filing. Ownership type: co-op.
About these numbers. Rates shown are averages computed from federal regulatory filings (EIA Form 861)
and public tariff databases — confirm with your utility before making decisions; your actual rate depends on your tariff,
usage, and riders. Distribution utility is determined by address and generally cannot be chosen; in retail-choice states
you may choose your supplier for the supply portion of the bill. Savings figures use 10,800 kWh/yr
(US average residential usage) and are estimates, not quotes. EnergySavings is an independent data project by CertiHomes
and is not affiliated with any utility, supplier, or government agency.