EIA data through August 2026 · updated 2026-10-29

Wake Electric Membership Corp electricity rates

Wake Electric Membership Corp (cooperative) residential customers paid about 13.4¢ per kWh (2024 average) — an average bill of $149 for 1,111 kWh a month.

Avg. home price13.4¢per kWh
Residential customers53,268NC, 2024
Avg. monthly use1,111kWh
Commercial11.1¢per kWh
Industrial4.7¢per kWh

What a month costs with Wake Electric Membership Corp

500 kWh / month$67
900 kWh / month$121
1,200 kWh / month$161

Monthly cost at the average price of 13.4¢ per kWh. Real bills add or subtract fixed charges, tiers, time-of-use and fuel adjustments.

Price trend

9¢12¢15¢18¢20222023202420252026North Carolina averageU.S. average 9¢12¢15¢18¢20222023202420252026North Carolina averageU.S. average
North Carolina averageU.S. average
Aug 202614.9¢per kWh
vs. 1 year ago+2.5%14.6¢
vs. 5 years ago+32%11.3¢
Record high16.3¢Apr 2026
Avg. home bill$1961,310 kWh, Aug
EIA forecast, South Atlantic16.0¢Dec 2027

Hover or tap the chart for exact monthly values. Source: EIA-861M (monthly, latest months preliminary); forecast: EIA Short-Term Energy Outlook (October 2026) for the South Atlantic region, which includes Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, West Virginia.

EIA publishes monthly figures only for larger utilities; this one reports yearly, so the chart shows the state.

ZIP codes served

Averages, not a quote. Prices here are what each utility’s residential customers paid on average (revenue ÷ kWh sold, fixed charges included), as reported to the U.S. Energy Information Administration. Your own rate depends on your plan, season and usage — check your bill or your utility’s tariff.

Questions

What is Wake Electric Membership Corp’s electricity rate?

About 13.4¢ per kWh for residential customers (2024 average, EIA-861), including fixed charges spread over usage.

What is the average Wake Electric Membership Corp electric bill?

$149 a month in 2024, for an average of 1,111 kWh (EIA-861).

Is Wake Electric Membership Corp cheaper than the North Carolina average?

Yes: 13.4¢ versus the North Carolina average of 14.9¢ (Aug 2026).