French Broad Elec Member Corp Electricity Rate per kWh (2024 EIA Data)

French Broad Elec Member Corp is a member-owned cooperative electric utility that reports to the U.S. Energy Information Administration under utility number 6784. In 2024 it served 36,147 bundled residential customers in North Carolina (its largest state of 2), and its average realised residential price was 14.78 cents per kWh: $50 million of residential revenue divided by 335,747 MWh of residential sales.

Across the other sectors, French Broad Elec Member Corp's 2024 average prices were 12.51 cents for commercial customers (3,917 accounts) and 8.32 cents for industrial customers (5 accounts). Industrial customers paid 6.46 cents less per kWh than households, a 44% discount that is typical of high-volume, high-voltage service.

Within North Carolina, French Broad Elec Member Corp ranked number 17 of 55 utilities with bundled or delivery service by residential accounts served (36,147) and accounted for 0.54% of the state's residential electricity sales in 2024, measured in MWh sold or delivered rather than in customers. The state-wide average realised residential price in 2024, computed from the same EIA file, was 14.13 cents per kWh, so French Broad Elec Member Corp's customers paid 0.65 cents above the North Carolina average (+4.6%). For context, EIA's latest monthly figure for North Carolina is 14.74 cents per kWh (June 2026, Electric Power Monthly); that is a different, more recent measure across all utilities and is not directly comparable with a 2024 annual average.

EIA's service-territory file places French Broad Elec Member Corp in 5 North Carolina counties: Buncombe, Madison, McDowell, Mitchell, and Yancey. It also reports 2024 retail sales in Tennessee (994 residential customers at 14.91 cents). On the grid side it operates in the SERC NERC region, and reported generation, transmission, and distribution as its activities. Balancing authority codes: CPLE, TVA.

EIA's preliminary 2025 early release (published 4 August 2026) shows a residential price of 16.21 cents per kWh for French Broad Elec Member Corp in North Carolina across 36,049 residential customers, 1.43 cents higher than the 2024 final figure. Early-release data has not been validated by EIA and must not be aggregated; the 2024 final figures remain the reference on this page until the 2025 final file is published.

The nearest other utilities in North Carolina by service-territory centroid are Town of Erwin (TN) (25.8 miles away, 12.23 cents), City of Greeneville (TN) (30.1 miles away, 11.90 cents), City of Elizabethton (TN) (30.6 miles away, 11.82 cents), Johnson City (TN) (31.1 miles away, 12.41 cents), and Mountain Electric Coop, Inc (34.7 miles away, 12.51 cents).