Electric Bill Tracker

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Wake Electric Membership electric rates

Updated October 7, 2026 · Source: EIA Form 861 (2024)

Cooperative utility serving 53,268 homes in North Carolina.

Your rate

13.42¢per kWh, average residential rate 18% lower than the U.S. average (16.4¢)
$149average monthly bill$1,790 a year
1,111kWh used per month, average home
+10%rate change since 2020U.S. average: +28%

Estimate your bill

It's on your bill, usually near the top. Starting at 1,111 kWh, the average for Wake Electric Membership homes.

kWh
$149 a month
$12 fixed charge + 12.3¢ × 1,111 kWh

This is an estimate. Uses the EIA average rate with a nominal $12 fixed charge; real tariffs have tiers, time-of-use pricing and riders. Your bill also includes taxes and fuel adjustments that change month to month.

Rate cases

No rate case on file for Wake Electric Membership right now. We check regulator dockets weekly; last check October 7, 2026. Know of one?

Rate history

Wake Electric Membership's average rate is up 10% since 2020, versus +28% for the U.S. average.

12.2¢ 2020 12.2¢ 2021 12.8¢ 2022 12.5¢ 2023 13.4¢ 2024 U.S. avg

Average residential revenue per kWh, EIA-861. Includes delivery and, where the utility sells it, supply.

Rebates for heat pumps, batteries and EV chargers

We haven't found utility-level rebates for Wake Electric Membership yet. Check North Carolina programs or read what's left after the federal credits ended.

About Wake Electric Membership

Ownership
Cooperative
Homes served
53,268 residential customers (2024)
Grid operator
CPLE
Retail choice
No — one bundled rate
Data
EIA-861 2024, released October 7, 2026; rate cases checked October 7, 2026

Other utilities in North Carolina

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