Electric Companies in North Carolina and What They Charge

Source: U.S. Energy Information Administration, Form EIA-861 (final 2025 data). Homes in NC counts only the customers in this state. Price and bill cover the utility's whole territory and bundled customers only. Delivery only means the utility carries power but does not sell it.

Each type is run differently. An investor-owned company answers to shareholders and a state commission. A municipal utility answers to a city. A cooperative answers to its members. That is why the same state can have very different prices and service from one address to the next.

Source: U.S. Energy Information Administration, Form EIA-861 (final 2025 data). Customer-weighted average of the prices utilities report for bundled residential service. It leaves out delivery-only customers and retail providers.

Outside the investor-owned companies, the largest municipal utility is Fayetteville Public Works Commission (75,618 homes), and the largest electric cooperative is EnergyUnited Electric Membership Corporation (124,446 homes).

Price differences between types come from costs, customer density and the way each type is financed, so a lower average does not decide which is better for your home.

These North Carolina utilities are among the 600 largest in the country, and each has a profile with its service area, reliability and rate options.

• ProfileDuke Energy Carolinas2.54 million homes. Investor-owned.Open
• ProfileDuke Energy Progress1.53 million homes. Investor-owned.Open
• ProfileEnergyUnited Electric Membership Corporation124 thousand homes. Cooperative.Open
• ProfileDominion Energy Virginia2.52 million homes. Investor-owned.Open
• ProfileBrunswick Electric Membership Corporation108 thousand homes. Cooperative.Open
• ProfileUnion Electric Membership Corporation87 thousand homes. Cooperative.Open
• ProfileJones-Onslow Electric Membership Corporation81 thousand homes. Cooperative.Open
• ProfileFayetteville Public Works Commission76 thousand homes. Municipal.Open
• ProfileBlue Ridge Electric Membership Corporation72 thousand homes. Cooperative.Open

The statewide average residential price is 14.00 cents per kWh and the average bill is $146.14 a month. See the full breakdown, rankings and neighbors on the North Carolina electricity rates page. Among utilities with at least 10,000 bundled residential customers, average prices ran from 11.27 cents at City of Albemarle to 20.70 cents at Roanoke Electric Membership Corporation.

Most households cannot choose. The company that serves your address is set by where you live. Regulation and complaints go through the North Carolina Utilities Commission.