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Wake Electric Membership Corp. electricity rates

Electric cooperative · North Carolina · SERC region

Residential rate
15.05¢
per kWh incl. all charges
Avg. monthly bill
$169
1,122 kWh/month
vs. North Carolina
+2%
state avg 14.77¢
Homes served
56K
60th cheapest of 90 in NC
Outage time
3 hr 31 min
per customer, 2025

Wake Electric Membership Corp. is a member-owned electric cooperative, so its customers own it and elect its board, serving 56,069 homes in North Carolina. Its residential customers pay an average of 15.05¢/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.

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Wake Electric Membership Corp. bill estimates

Monthly useAt average all-in rateBase tariff charges*
500 kWh$75.25$79.97
1,000 kWh$150.50$134.69
1,500 kWh$225.75$189.41
2,000 kWh$301.00$244.13

*Residential Service -Three Phase (effective 2014-07-01, $25.25/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.

Wake Electric Membership Corp. residential rate plans

PlanEffectiveCustomer chargeEnergy charges
Residential Service -Three Phase2014-07-01$25.25 10.94¢
Residential Time Of Use + Electric Vehicle - Single Phasetime-of-use2023-07-01$15.00 24.0¢ (4pm–6pm) · 8.0¢ (6am–4pm, 6pm–10pm) · 5.0¢ (12am–6am, 10pm–12am) — summer weekdays
Residential Time Of Use + Electric Vehicle - Three Phasetime-of-use2023-07-01$30.00 24.0¢ (4pm–6pm) · 8.0¢ (6am–4pm, 6pm–10pm) · 5.0¢ (12am–6am, 10pm–12am) — summer weekdays
Residential Time Of Use- Single Phasetime-of-use2014-07-01$15.75 7.8¢ (12am–2pm, 7pm–12am) · 27.2¢ (2pm–7pm) — summer weekdays
Residential Service with Electric Vehicle- Single Phasetime-of-use2014-07-01$13.00 10.9¢ (6am–10pm) · 8.9¢ (12am–6am, 10pm–12am) — summer weekdays
Residential Service with Electric Vehicle- Three Phasetime-of-use2014-07-01$27.25 10.9¢ (6am–10pm) · 8.9¢ (12am–6am, 10pm–12am) — summer weekdays
Residential Time of Use- Three Phasetime-of-use2014-07-01$29.75 7.8¢ (12am–2pm, 7pm–12am) · 27.2¢ (2pm–7pm) — summer weekdays
RESIDENTIAL TIME-OF-USE SERVICE Three-Phasetime-of-use2013-07-01$28.75 8.0¢ (12am–2pm, 7pm–12am) · 28.1¢ (2pm–7pm) — summer weekdays
Residential Service Single-Phase2014-07-01$13.00 10.94¢

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

Wake Electric Membership Corp. rate history

Wake Electric Membership Corp. annual average residential price 11¢12¢13¢14¢15¢ 2015201720202021202320242025 2015: 13¢2017: 13¢2020: 12¢2021: 12¢2023: 13¢2024: 13¢2025: 14¢
Wake Electric Membership Corp.North Carolina avg

2015–2025: +14% change in the average residential rate (12.55¢ → 14.29¢). Annual EIA-861 data.

Outages & reliability

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Reliability history

2025Wake Electric Membership Corp.North Carolina avgU.S. avg
Outage minutes per customer (SAIDI)211195266
Outages per customer (SAIFI)1.941.381.34
Average restoration time (CAIDI)109 min——
Outage minutes excluding major storms128139121
Wake Electric Membership Corp. outage minutes per customer by year 2294166238310 201520172019202120232025 2015: 2582016: 2752017: 872018: 2822019: 872020: 1582021: 932022: 2282023: 2782024: 1662025: 211
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 Wake Electric Membership Corp.'s counties, customers averaged 16 hr 7 min without power.

CountyOutage min/customerDays with outagesPeak customers outWorst day
Vance6,937616,7972025-10-09
Durham5,57021614,3032025-06-20
Granville1,2338511,0702025-10-09
Johnston1,1781553,3872025-09-19
Wake99321012,8762025-06-25
Franklin249624,5622025-07-13
Nash242523,4552025-03-05

Wake Electric Membership Corp. service area

Wake Electric Membership Corp. serves 7 counties in North Carolina and 28 ZIP codes.

Counties served by Wake Electric Membership Corp.

Durham, Franklin, Granville, Johnston, Nash, Vance, Wake

Cities: Raleigh, Durham, Wake Forest, Morrisville, Clayton, Henderson, Knightdale, Oxford, Selma, Rolesville, Wendell, Zebulon, Creedmoor, Louisburg, Franklinton, Sharpsburg, Kenly, Youngsville, South Henderson

Programs, smart meters & solar

Smart meters (AMI) for homes100%
Customers with daily usage data online56,064
Time-based rate programsTime-of-use rates
Homes on time-based rates1,566
Net-metered solar homes792
Home batteries paired with solar164
Residential efficiency incentives paid (2025)$1
Residential energy saved by programs1,141 MWh

Wake Electric Membership Corp. at a glance

OwnershipElectric cooperative
ServicesDistribution
Commercial rate12.04¢/kWh
Industrial rate5.26¢/kWh
Retail revenue (2025)$125,045,000
Electricity sold (2025)932,973 MWh
Peak demand250 MW summer · 244 MW winter
Line losses4.1%
Balancing authorityCPLE
EIA utility ID19981

Other utilities in North Carolina

Compare all North Carolina electric companies →

Frequently asked questions

What is Wake Electric Membership Corp.'s electricity rate?

Wake Electric Membership Corp. residential customers pay an average of 15.05¢ 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 Wake Electric Membership Corp. electric bill?

About $169 a month. The average Wake Electric Membership Corp. home uses 1,122 kWh a month. At 1,000 kWh the bill would be about $151.

How many customers does Wake Electric Membership Corp. have?

Wake Electric Membership Corp. serves 56,069 residential customers and 58,987 customers in total in North Carolina, across 7 counties.

How reliable is Wake Electric Membership Corp.?

In 2025, the average Wake Electric Membership Corp. customer was without power for 3 hr 31 min (SAIDI) over 1.94 interruptions (SAIFI), including major storms. Excluding major event days it was 2 hr 8 min. The North Carolina average was 3 hr 15 min and the U.S. average 4 hr 26 min.

Does Wake Electric Membership Corp. offer time-of-use rates?

Yes. The OpenEI rate database lists 7 time-of-use residential plans, including Residential Time Of Use + Electric Vehicle - Single Phase. Running big appliances off-peak can cut their cost. Pick the plan in the calculator above to see by how much.

Does Wake Electric Membership Corp. offer net metering for solar?

Wake Electric Membership Corp. had 792 residential net-metered customers in 2025 with 5.5 MW of capacity and 164 solar-paired batteries. Estimate solar savings at this utility's rate.

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 Wake Electric Membership Corp. before making decisions.