Electricity Rates in New london, NC

Residents of New london, NC benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. The city is served by 4 electricity providers, with Duke Energy Carolinas, LLC being the largest.

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Avg. Residential Rate 14.0¢/kWh
vs. North Carolina Avg. -6.7%
vs. National Avg. -21.3%
Providers 4

Electricity Providers in New london

Utility Residential Rate Commercial Rate Type
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
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:

New london monthly bill $124.04
New london annual cost $1488.48
North Carolina avg. monthly $132.90
National avg. monthly $157.53

Solar Savings in New london

At 14.0¢/kWh, a typical New london household spends approximately $1488.48/year on electricity. Solar panels could reduce this by 50–90%.

$1116/yr estimated solar savings

The federal solar tax credit covers 30% of installation costs through 2032.

Find solar installers in New london → Get an AI-powered solar site assessment →

EV Charging Costs in New london

Charging an electric vehicle at home in New london 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

Zionville 14.0¢/kWh Cullowhee 15.0¢/kWh Bailey 14.0¢/kWh Chinquapin 14.0¢/kWh Rex 14.0¢/kWh Durants neck 14.0¢/kWh Mount ulla 13.0¢/kWh Bethel 15.0¢/kWh

Frequently Asked Questions

What is the average electricity rate in New london, NC?

The average residential electricity rate in New london, 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 New london?

New london is served by 4 electricity providers. Duke Energy Carolinas, LLC is the largest provider in the area, though rates and availability vary by specific address.

How do New london electricity rates compare to the rest of North Carolina?

New london'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.