Electricity Rates in North Carolina

Electricity rates in North Carolina have risen 8.4% over the past year, reaching an average of 15.0¢/kWh. The state is served by 55 utilities, with rates ranging from 12.0¢ to 19.0¢/kWh. Here's what you need to know about rates in your area.

Enter your ZIP code for your exact rate in North Carolina →
Avg. Residential Rate 15.0¢/kWh
Rate Range 12.0¢ – 19.0¢
Utilities 55
Market Type Regulated

North Carolina Electricity Rate History

Monthly residential electricity rates in North Carolina over the last 24 months, based on EIA data.

2023-12 2025-11 15.3¢ 12.5¢

Top Cities in North Carolina

City Avg. Rate Primary Utility Providers
Charlotte 14.0¢/kWh Duke Energy Carolinas, LLC 5
Raleigh 15.0¢/kWh Duke Energy Progress - (NC) 3
Greensboro 14.0¢/kWh Duke Energy Carolinas, LLC 2
Winston salem 14.0¢/kWh Duke Energy Carolinas, LLC 3
Durham 15.0¢/kWh Duke Energy Carolinas, LLC 4
Asheville 15.0¢/kWh Duke Energy Progress - (NC) 4
Fayetteville 14.0¢/kWh Duke Energy Progress - (NC) 5
High point 12.0¢/kWh Duke Energy Carolinas, LLC 3
Gastonia 13.0¢/kWh City of Gastonia - (NC) 4
Wilmington 15.0¢/kWh Duke Energy Progress - (NC) 2
Salisbury 13.0¢/kWh Duke Energy Carolinas, LLC 3
Cornelius 13.0¢/kWh Duke Energy Carolinas, LLC 3
Monroe 13.0¢/kWh City of Monroe - (NC) 4
Kannapolis 13.0¢/kWh Duke Energy Carolinas, LLC 2
New bern 14.0¢/kWh Duke Energy Progress - (NC) 5
Hickory 13.0¢/kWh Duke Energy Carolinas, LLC 4
Jacksonville 14.0¢/kWh Duke Energy Progress - (NC) 2
Greenville 14.0¢/kWh Duke Energy Progress - (NC) 3
Concord 13.0¢/kWh City of Concord - (NC) 4
Chapel hill 15.0¢/kWh Duke Energy Carolinas, LLC 3

Utilities in North Carolina

Utility Type Avg. Residential Rate ZIP Codes Served
Albemarle Electric Member Corp Cooperative 14.0¢/kWh 22
Blue Ridge Elec Member Corp - (NC) Cooperative 15.0¢/kWh 49
Blue Ridge Mountain EMC - (GA) Cooperative 14.0¢/kWh 22
Broad River Electric Coop, Inc Cooperative 16.0¢/kWh 33
Brunswick Electric Member Corp Cooperative 14.0¢/kWh 35
Carteret-Craven El Member Corp Cooperative 12.0¢/kWh 20
Central Electric Membership Corp. - (NC) Cooperative 14.0¢/kWh 24
City of Albemarle - (NC) Municipal 11.0¢/kWh 2
City of Concord - (NC) Municipal 12.0¢/kWh 3
City of Elizabeth City - (NC) Municipal 12.0¢/kWh 3
City of Gastonia - (NC) Municipal 12.0¢/kWh 5
City of Kinston - (NC) Municipal 13.0¢/kWh 4
City of Lexington - (NC) Municipal 12.0¢/kWh 3
City of Lumberton - (NC) Municipal 14.0¢/kWh 3
City of Monroe - (NC) Municipal 12.0¢/kWh 2
City of Morganton - (NC) Municipal 11.0¢/kWh 2
City of New Bern - (NC) Municipal 13.0¢/kWh 1
City of Rocky Mount - (NC) Municipal 12.0¢/kWh 4
City of Statesville - (NC) Municipal 12.0¢/kWh 4
City of Washington - (NC) Municipal 13.0¢/kWh 1
City of Wilson - (NC) Municipal 12.0¢/kWh 4
Duke Energy Carolinas, LLC Investor Owned 14.0¢/kWh 752
Duke Energy Progress - (NC) Investor Owned 15.0¢/kWh 591
Edgecombe-Martin County E M C Cooperative 16.0¢/kWh 29
EnergyUnited Elec Member Corp Cooperative 12.0¢/kWh 101
Fayetteville Public Works Commission Municipal 12.0¢/kWh 9
Four County Elec Member Corp Cooperative 14.0¢/kWh 40
French Broad Elec Member Corp Cooperative 15.0¢/kWh 30
Greenville Utilities Comm Municipal 12.0¢/kWh 3
Haywood Electric Member Corp Cooperative 17.0¢/kWh 44
Jones-Onslow Elec Member Corp Cooperative 13.0¢/kWh 25
Lumbee River Elec Member Corp Cooperative 13.0¢/kWh 31
Mecklenburg Electric Cooperative Cooperative 14.0¢/kWh 76
Mountain Electric Coop, Inc Cooperative 12.0¢/kWh 35
New River Light & Power Co State 12.0¢/kWh 4
Pee Dee Electric Member Corp Cooperative 15.0¢/kWh 28
Piedmont Electric Member Corp Cooperative 16.0¢/kWh 34
Randolph Electric Member Corp Cooperative 16.0¢/kWh 34
Roanoke Electric Member Corp Cooperative 21.0¢/kWh 46
Rutherford Elec Member Corp Cooperative 13.0¢/kWh 50
South River Elec Member Corp Cooperative 13.0¢/kWh 35
Surry-Yadkin Elec Member Corp Cooperative 16.0¢/kWh 42
Tennessee Valley Authority Federal N/A 1791
Tideland Electric Member Corp Cooperative 16.0¢/kWh 32
Town of Apex- (NC) Municipal 11.0¢/kWh 1
Town of High Point Municipal 12.0¢/kWh 5
Town of Huntersville - (NC) Municipal 12.0¢/kWh 5
Town of Murphy - (NC) Municipal 13.0¢/kWh 1
Town of Tarboro - (NC) Municipal 14.0¢/kWh 1
Tri-County Elec Member Corp (NC) Cooperative 13.0¢/kWh 26
Tri-State Electric Member Corp Cooperative 14.0¢/kWh 21
Union Electric Membership Corp - (NC) Cooperative 13.0¢/kWh 32
Virginia Electric & Power Co Investor Owned 14.0¢/kWh 845
Wake Electric Membership Corp Cooperative 13.0¢/kWh 26
York Electric Coop Inc Cooperative 13.0¢/kWh 30

How North Carolina Compares

North Carolina 15.0¢/kWh
Georgia 14.0¢/kWh
South Carolina 15.0¢/kWh
Tennessee 13.0¢/kWh
Virginia 15.0¢/kWh
National Average 16.1¢/kWh

Frequently Asked Questions

What is the average electricity rate in North Carolina?

The average residential electricity rate in North Carolina is 15.0¢ per kilowatt-hour (kWh) based on 2024 EIA data. Rates range from 12.0¢ to 19.0¢/kWh depending on your utility provider and location within the state.

Who is the cheapest electricity provider in North Carolina?

Electricity rates in North Carolina vary by provider and location. The state has 55 utility companies serving different areas. To find the cheapest rate available to you, enter your ZIP code in our lookup tool above for your specific options.

Is North Carolina a deregulated electricity market?

No, North Carolina has a regulated electricity market. Your electricity provider is determined by your location, and rates are set by the state's public utility commission.

How have electricity rates changed in North Carolina?

Electricity rates in North Carolina have increased 8.4% over the past year. The current average residential rate is 15.0¢/kWh.

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