Randolph Electric Member Corp Electricity Rate per kWh (2024 EIA Data)

Randolph Electric Member Corp is a member-owned cooperative electric utility that reports to the U.S. Energy Information Administration under utility number 15671. In 2024 it served 31,086 bundled residential customers in North Carolina, and its average realised residential price was 15.91 cents per kWh: $61 million of residential revenue divided by 382,556 MWh of residential sales.

Across the other sectors, Randolph Electric Member Corp's 2024 average prices were 12.43 cents for commercial customers (2,722 accounts) and 9.55 cents for industrial customers (7 accounts). Industrial customers paid 6.36 cents less per kWh than households, a 40% discount that is typical of high-volume, high-voltage service.

Within North Carolina, Randolph Electric Member Corp ranked number 19 of 55 utilities with bundled or delivery service by residential accounts served (31,086) and accounted for 0.62% 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 Randolph Electric Member Corp's customers paid 1.78 cents above the North Carolina average (+12.6%). 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 Randolph Electric Member Corp in 5 North Carolina counties: Alamance, Chatham, Montgomery, Moore, and Randolph. On the grid side it operates in the SERC NERC region, and reported buying transmission, distribution, and retail marketing as its activities. Balancing authority code: CPLE.

EIA's preliminary 2025 early release (published 4 August 2026) shows a residential price of 16.15 cents per kWh for Randolph Electric Member Corp in North Carolina across 31,531 residential customers, 0.24 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 Central Electric Membership Corp. (NC) (16 miles away, 14.34 cents), Town of High Point (32.8 miles away, 11.63 cents), Duke Energy Progress (NC) (32.8 miles away, 15.54 cents), City of Lexington (NC) (37.6 miles away, 11.75 cents), and Pee Dee Electric Member Corp (40.7 miles away, 14.77 cents).