Electricity Rates in Colon, NC
Residents of Colon, NC benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 3 electricity providers, with Central Electric Membership Corp. - (NC) being the largest.
Electricity Providers in Colon
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Central Electric Membership Corp. - (NC) | 14.0¢/kWh | 12.0¢/kWh | Cooperative |
| Duke Energy Progress - (NC) | 16.0¢/kWh | 11.0¢/kWh | Investor Owned |
| Randolph Electric Member Corp | 16.0¢/kWh | 12.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Colon
At 15.0¢/kWh, a typical Colon household spends approximately $1594.80/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 Colon
Charging an electric vehicle at home in Colon costs approximately $135.00/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 Colon, NC?
The average residential electricity rate in Colon, NC is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Colon?
Colon is served by 3 electricity providers. Central Electric Membership Corp. - (NC) is the largest provider in the area, though rates and availability vary by specific address.
How do Colon electricity rates compare to the rest of North Carolina?
Colon's average rate of 15.0¢/kWh is close to the North Carolina state average of 15.0¢/kWh. Rates are typical for the region.