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Town of Wake Forest electricity rates

Municipal utility · North Carolina

Residential rate
15.09¢
per kWh incl. all charges
Avg. monthly bill
$252
1,668 kWh/month
vs. North Carolina
+2%
state avg 14.77¢
Homes served
8,774
62nd cheapest of 90 in NC
Outage time
42 min
per customer, 2019

Town of Wake Forest is a city-owned municipal utility, governed locally rather than by the state commission, serving 8,774 homes in North Carolina. Its residential customers pay an average of 15.09¢/kWh including fixed and delivery charges, 16% less than the U.S. average.

Rate basis: EIA-861 2025 annual data, adjusted to the 12 months ending 2026-07 using the state's price trend. This utility files EIA's short form, which reports total sales only, so the rate covers all customer classes.

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Town of Wake Forest bill estimates

Monthly useAt average all-in rateBase tariff charges*
500 kWh$75.45$70.29
1,000 kWh$150.90$130.69
1,500 kWh$226.35$191.09
2,000 kWh$301.80$251.49

*Residential Service - Single Phase (effective 2009-09-01, $9.89/month customer charge), energy and fixed charges from the OpenEI Utility Rate Database. Riders, fuel adjustments and taxes are often billed separately, so real bills usually land closer to the all-in column. Calculate your bill.

Town of Wake Forest residential rate plans

PlanEffectiveCustomer chargeEnergy charges
Residential Service - Single Phase2009-09-01$9.89 12.08¢
Residential Service - Three Phase2009-09-01$25.32 12.08¢

Source: OpenEI U.S. Utility Rate Database. Rates change. Check the linked tariff or your bill for current figures.

Town of Wake Forest rate history

Town of Wake Forest annual average residential price 11¢12¢13¢14¢15¢ 20152017202020212022202320242025 2015: 14¢2017: 14¢2020: 12¢2021: 13¢2022: 13¢2023: 14¢2024: 14¢2025: 14¢
Town of Wake ForestNorth Carolina avg

2015–2025: +5% change in the average residential rate (13.71¢ → 14.33¢). Annual EIA-861 data.

Outages & reliability

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Reliability history

2019Town of Wake ForestNorth Carolina avgU.S. avg
Outage minutes per customer (SAIDI)42195266
Outages per customer (SAIFI)0.261.381.34
Average restoration time (CAIDI)2 hr 40 min——
Town of Wake Forest outage minutes per customer by year 34547595116 20152016201720182019 2015: 1082016: 1002017: 842018: 1082019: 42
With major eventsExcluding major events

Outages in counties served (2025)

From ORNL EAGLE-I, which tracks customers without power every 15 minutes. These counts cover every utility in each county. Weighted across Town of Wake Forest's counties, customers averaged 16 hr 33 min without power.

CountyOutage min/customerDays with outagesPeak customers outWorst day
Wake99321012,8762025-06-25

Town of Wake Forest service area

Town of Wake Forest serves Wake County in North Carolina.

Counties served by Town of Wake Forest

Wake

Programs, smart meters & solar

Smart meters (AMI) for homes100%
Time-based rate programsNone reported
Net-metered solar homes0 reported

Town of Wake Forest at a glance

OwnershipMunicipal utility
Services—
Retail revenue (2025)$25,157,000
Electricity sold (2025)175,589 MWh
Balancing authorityCPLE
EIA utility ID19974

Other utilities in North Carolina

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Frequently asked questions

What is Town of Wake Forest's electricity rate?

Town of Wake Forest residential customers pay an average of 15.09¢ per kWh, all charges included (EIA-861 2025 annual data, adjusted to the 12 months ending 2026-07 using the state's price trend). That's 2% above the North Carolina average of 14.77¢ and 16% below the U.S. average.

What is the average Town of Wake Forest electric bill?

About $252 a month. The average Town of Wake Forest home uses 1,668 kWh a month. At 1,000 kWh the bill would be about $151.

How many customers does Town of Wake Forest have?

Town of Wake Forest serves 8,774 residential customers in North Carolina, across 1 county.

How reliable is Town of Wake Forest?

In 2019, the average Town of Wake Forest customer was without power for 42 min (SAIDI) over 0.26 interruptions (SAIFI), including major storms. The North Carolina average was 3 hr 15 min and the U.S. average 4 hr 26 min.

Sources: EIA-861 2025 and EIA-861M (through July 2026), OpenEI URDB, ORNL EAGLE-I, U.S. Census. Methodology. Spot an error? Rates change often, so confirm with Town of Wake Forest before making decisions.