Wake Electric Membership Corp Electricity Rate per kWh (2024 EIA Data)

Wake Electric Membership Corp is a member-owned cooperative electric utility that reports to the U.S. Energy Information Administration under utility number 19981. In 2024 it served 53,268 bundled residential customers in North Carolina, and its average realised residential price was 13.42 cents per kWh: $95 million of residential revenue divided by 710,186 MWh of residential sales.

Across the other sectors, Wake Electric Membership Corp's 2024 average prices were 11.14 cents for commercial customers (2,792 accounts) and 4.73 cents for industrial customers (2 accounts). Industrial customers paid 8.69 cents less per kWh than households, a 65% discount that is typical of high-volume, high-voltage service.

Within North Carolina, Wake Electric Membership Corp ranked number 13 of 55 utilities with bundled or delivery service by residential accounts served (53,268) and accounted for 1.15% 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 Wake Electric Membership Corp's customers paid 0.71 cents below the North Carolina average (-5.0%). 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 Wake Electric Membership Corp in 7 North Carolina counties: Durham, Franklin, Granville, Johnston, Nash, Vance, and Wake. On the grid side it operates in the SERC NERC region, and reported distribution as its activities. Balancing authority code: CPLE.

EIA's preliminary 2025 early release (published 4 August 2026) shows a residential price of 14.29 cents per kWh for Wake Electric Membership Corp in North Carolina across 56,069 residential customers, 0.87 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 Apex- (NC) (18.4 miles away, 10.52 cents), Piedmont Electric Member Corp (36 miles away, 15.60 cents), City of Rocky Mount (NC) (37.5 miles away, 12.18 cents), City of Wilson (NC) (42.4 miles away, 12.13 cents), and Mecklenburg Electric Cooperative (47 miles away, 14.50 cents).