Electricity Rates in Albemarle, NC
Residents of Albemarle, NC benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. The city is served by 6 electricity providers, with City of Albemarle - (NC) being the largest.
Electricity Providers in Albemarle
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| City of Albemarle - (NC) | 11.0¢/kWh | 10.0¢/kWh | Municipal |
| Duke Energy Carolinas, LLC | 14.0¢/kWh | 10.0¢/kWh | Investor Owned |
| Duke Energy Progress - (NC) | 16.0¢/kWh | 11.0¢/kWh | Investor Owned |
| EnergyUnited Elec Member Corp | 12.0¢/kWh | 10.0¢/kWh | Cooperative |
| Randolph Electric Member Corp | 16.0¢/kWh | 12.0¢/kWh | Cooperative |
| Union Electric Membership Corp - (NC) | 13.0¢/kWh | 11.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Albemarle
At 14.0¢/kWh, a typical Albemarle household spends approximately $1488.48/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Albemarle
Charging an electric vehicle at home in Albemarle costs approximately $126.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in North Carolina
Frequently Asked Questions
What is the average electricity rate in Albemarle, NC?
The average residential electricity rate in Albemarle, NC is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.
Who provides electricity in Albemarle?
Albemarle is served by 6 electricity providers. City of Albemarle - (NC) is the largest provider in the area, though rates and availability vary by specific address.
How do Albemarle electricity rates compare to the rest of North Carolina?
Albemarle's average rate of 14.0¢/kWh is 6.7% below the North Carolina state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.