Piedmont Electric Member Corp: average electricity price and bill
- Annual file
- Form EIA-861, 2024 final
- Early release
- 2025, not fully edited
- Monthly data
- to July 2026
The average residential price of Piedmont Electric Member Corp was 15.63 cents per kilowatt-hour (kWh) in 2025. EIA early release, not fully edited
This figure is from EIA's early release. EIA has not fully edited the early release. For 2024, the newest final year, the price was 15.60 cents per kWh.
The average monthly bill of a residential customer was $178.66 in 2024, for 1,146 kWh each month. The North Carolina average price was 14.13 cents per kWh in 2024. The US average price was 16.48 cents per kWh in 2024.
In July 2026, the North Carolina average was 15.16 cents per kWh. EIA marks this month as preliminary. EIA has monthly figures for a sample of utilities, and Piedmont Electric Member Corp is not in the sample.
Average price of electricity to ultimate consumers represents the cost per unit of electricity sold and is calculated by dividing electric revenue from ultimate consumers by the corresponding sales of electricity.
The average price of electricity to ultimate consumers reported in this publication by sector represents a weighted average of consumer revenue and sales, and does not equal the per kWh rate charged by the electric power industry participant to the individual consumers.
EIA's words. Source: U.S. Energy Information Administration, Electric Power Monthly, Technical notes, section "Form EIA-861" (March 2024). "This publication" is the Electric Power Monthly.
In plain words: the average price is revenue divided by sales. It is not the rate on a rate schedule. The annual figures on this page are for 2024. Monthly data through .
Since the last EIA release: no tracked figure of Piedmont Electric Member Corp changed. The record of changes starts with the next release. EIA releases and changes
Price and bill beside North Carolina, the ownership type and the US
Form EIA-861, 2024
| Figure | This utility | Electric cooperatives, US median | North Carolina | United States |
|---|---|---|---|---|
| Average residential price (cents per kWh) | 15.60 | 13.74 | 14.13 | 16.48 |
| Average monthly bill (dollars per month) | $178.66 | $149.95 | $143.50 | $142.26 |
| Average monthly use (kWh per month) | 1,146 | 1,126 | 1,015 | 863 |
| Change of the price in 1 year (percent) | -0.3% | n/a | +9.3% | +3.0% |
| Change of the price in 5 years (percent) | +21.0% | n/a | +23.7% | +26.7% |
State and US figures are EIA's own averages for all customers. The ownership column is a median of utilities with 1,000 or more residential customers, from the final 2024 file.
The average monthly bill is residential revenue divided by customers and by 12 months. The use is residential sales divided by customers and by 12 months. These figures are for bundled service only.
15.60 cents per kWh, Piedmont Electric Member Corp, 2024
Sales by sector
Form EIA-861, 2024
| Sector | Customers | Sales | Share of sales percent | Revenue dollars | Average price, bundled cents per kWh |
|---|---|---|---|---|---|
| Residential | 30,334 | 417 GWh | 81 | 65,034,500 | 15.60 |
| Commercial | 4,111 | 72.5 GWh | 14 | 10,410,300 | 14.35 |
| Industrial | 3 | 23.9 GWh | 5 | 2,224,400 | 9.30 |
Customers, sales and revenue include each service type that the utility reported. The price column uses bundled service only. Sources of energy: 543.4 GWh in total. The utility generated 0% and bought 543.4 GWh. Summer peak demand: 128 MW.
Price history
Form EIA-861, 2013 to 2025
Piedmont Electric Member CorpNorth Carolina averageUS average
Table of the figures by year, 2013 to 2025
| Year | Average price cents per kWh | North Carolina average cents per kWh | Average bill dollars per month | Average use kWh per month | Residential customers | Sales, all sectors |
|---|---|---|---|---|---|---|
| 2025Early release | 15.63 | 14.02 | $185.81 | 1,189 | 30,640 | 539.6 GWh |
| 2024 | 15.60 | 14.13 | $178.66 | 1,146 | 30,334 | 513.4 GWh |
| 2023 | 15.64 | 12.93 | $175.96 | 1,125 | 30,035 | 488.7 GWh |
| 2022 | 13.42 | 11.62 | $160.22 | 1,193 | 29,709 | 497.4 GWh |
| 2021 | 13.37 | 11.32 | $158.85 | 1,188 | 29,420 | 488.9 GWh |
| 2020 | 13.88 | 11.38 | $159.81 | 1,151 | 29,138 | 466.5 GWh |
| 2019 | 12.89 | 11.42 | $154.83 | 1,201 | 28,804 | 488 GWh |
| 2018 | 12.73 | 11.09 | $160.53 | 1,261 | 28,281 | 502.5 GWh |
| 2017 | 13.24 | 10.94 | $153.79 | 1,162 | 28,006 | 466.5 GWh |
| 2016 | 12.85 | 11.03 | $154.76 | 1,204 | 27,858 | 480.9 GWh |
| 2015 | 13.20 | 11.28 | $159.28 | 1,207 | 27,683 | 475.7 GWh |
| 2014 | 13.46 | 11.10 | $164.71 | 1,223 | 27,535 | 480.4 GWh |
| 2013 | 13.67 | 10.97 | $162.50 | 1,189 | 27,428 | 462.6 GWh |
EIA says that its early release is not fully edited. This site shows it for this utility only. It is in no average and in no median.
Reliability: SAIDI and SAIFI
Form EIA-861, 2024
- SAIDI with major event days: 397.8 minutes without power for each customer in 2024, about 7 hours.
- SAIDI without major event days: 170.5 minutes for each customer in 2024, about 3 hours.
- SAIFI with major event days: 2.20 interruptions for each customer in 2024.
| Figure | This utility | North Carolina, median of 44 utilities | North Carolina, EIA total | US, median of 893 utilities |
|---|---|---|---|---|
| SAIDI with major event days (minutes per customer per year) | 397.8 | 154.9 | 1,441.0 | 184.5 |
| SAIDI without major event days (minutes per customer per year) | 170.5 | 83.1 | 141.4 | 99.8 |
| SAIFI with major event days (interruptions per customer per year) | 2.20 | 1.48 | 1.81 | 1.40 |
| SAIFI without major event days (interruptions per customer per year) | 1.50 | 1.03 | 1.17 | 1.01 |
The utility reported these figures to EIA with the IEEE 1366 standard. Methods differ between utilities. What SAIDI and SAIFI mean
For utilities using the IEEE method, a Major Event Day is any day that exceeds a daily SAIDI threshold called Tmed. Tmed is a duration statistic calculated from daily SAIDI values from the past five years. For utilities not using IEEE methods, Major Events are self-determined by the reporting utility.
EIA's words. Source: U.S. Energy Information Administration, Electric Power Annual with data for 2024, Table 11.1, notes (October 2025).
Table of SAIDI and SAIFI by year, 2013 to 2025
| Year | SAIDI minutes, with major event days | SAIDI minutes, without major event days | SAIFI interruptions per customer, with major event days | SAIFI interruptions per customer, without major event days | Method |
|---|---|---|---|---|---|
| 2025Early release | 502.7 | 146.1 | 1.76 | 1.21 | IEEE 1366 |
| 2024 | 397.8 | 170.5 | 2.20 | 1.50 | IEEE 1366 |
| 2023 | 212.1 | 167.8 | 1.86 | 1.77 | IEEE 1366 |
| 2022 | 659.1 | 143.9 | 2.15 | 1.25 | IEEE 1366 |
| 2021 | 628.6 | 121.2 | 1.66 | 1.03 | IEEE 1366 |
| 2020 | 206.8 | 119.1 | 1.37 | 1.07 | IEEE 1366 |
| 2019 | 330.3 | 106.1 | 1.66 | 0.83 | IEEE 1366 |
| 2018 | 1,849.0 | 149.0 | 2.81 | 1.26 | IEEE 1366 |
| 2017 | 109.1 | 109.1 | 1.14 | 1.14 | IEEE 1366 |
| 2016 | 208.8 | 123.6 | 1.49 | 1.17 | IEEE 1366 |
| 2015 | 311.6 | 100.7 | 1.81 | 1.13 | IEEE 1366 |
| 2014 | 1,758.6 | 86.4 | 2.07 | 0.84 | IEEE 1366 |
| 2013 | n/a | 55.0 | n/a | 1.00 | IEEE 1366 |
Counties in the service territory
Form EIA-861, 2024
The utility listed these 7 counties on Form EIA-861. A utility can serve only a part of a county on its list.
Other utilities in North Carolina
Form EIA-861, 2024
| Utility | Type | Residential customers | Average price cents per kWh | Average bill dollars per month | SAIDI minutes, with major event days | SAIDI minutes, without major event days | |
|---|---|---|---|---|---|---|---|
| Four County Elec Member Corp | Electric cooperative | 30,807 | 13.98 | $173.82 | 77.4 | 77.4 | Add |
| Randolph Electric Member Corp | Electric cooperative | 31,086 | 15.91 | $163.14 | 224.2 | 114.2 | Add |
| Haywood Electric Member Corp | Electric cooperative | 29,520 | 16.61 | $133.80 | 9,611.7 | 565.7 | Add |
| Surry-Yadkin Elec Member Corp | Electric cooperative | 28,080 | 16.06 | $165.71 | 1,432.3 | 213.0 | Add |
| Mountain Electric Coop, Inc | Electric cooperative | 28,030 | 12.43 | $118.86 | 166.3 | 166.3 | Add |
| French Broad Elec Member Corp | Electric cooperative | 37,141 | 14.78 | $114.31 | 68.1 | n/a | Add |
| Carteret-Craven El Member Corp | Electric cooperative | 38,858 | 12.15 | $122.33 | 104.5 | 69.8 | Add |
| Tri-County Elec Member Corp (NC) | Electric cooperative | 22,523 | 12.76 | $158.35 | 111.8 | 111.8 | Add |
All utilities in North Carolina, Electric cooperatives in the US
Watch or compare this utility
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Official channels
- North Carolina Utilities CommissionThe home page of the state utility commission of North Carolina.
- LIHEAP Clearinghouse: energy assistance office searchThe search page for local offices of the federal Low Income Home Energy Assistance Program (LIHEAP).
- EIA: Form EIA-861 annual data filesThe page of the annual files: revenue, sales, customers, reliability and service territories of each utility.
- EIA: Form EIA-861M monthly data filesThe page of the monthly files: the figures of each state and of the monthly sample of utilities.
EIA's files have no website for a utility. The state utility commission and the utility have the rate schedules.
Cite this page
Power Bill Facts. Piedmont Electric Member Corp: average electricity price and bill. https://powerbillfacts.com/utility/piedmont-electric-member-corp-nc-15023/ Source: U.S. Energy Information Administration, Form EIA-861 (2024, early release 2025) and Form EIA-861M. Data through . Page made .
Where the figures come from
Source: U.S. Energy Information Administration. Annual figures: Form EIA-861, final release for 2024, respondent "Piedmont Electric Member Corp", utility number 15023. The 2025 row is from EIA's early release. State and US averages: Form EIA-861M sales and revenue workbook, through July 2026. These are US government works in the public domain. An error in the processing of this site is corrected at the next build: report an error.
Questions about Piedmont Electric Member Corp
- How does the price of Piedmont Electric Member Corp compare with other utilities?
- In 2024, 77% of the 1,230 US utilities with a price had this price or a lower price. In North Carolina, 45 of the 52 other utilities with a price had a lower price.
- Did the price of Piedmont Electric Member Corp change?
- The average residential price was 15.64 cents per kWh in 2023 and 15.60 cents per kWh in 2024. The 2024 price was 0.04 cents per kWh lower than the 2023 price. In 2019, the price was 12.89 cents per kWh. These prices are not adjusted for inflation.
- How many minutes without power did Piedmont Electric Member Corp report?
- Piedmont Electric Member Corp reported 397.8 minutes (about 7 hours) without power for each customer in 2024, with major event days. Without major event days, the figure was 170.5 minutes (about 3 hours). EIA's name for this figure is SAIDI. The utility also reported 2.20 interruptions for each customer, with major event days (SAIFI).
- Which counties does Piedmont Electric Member Corp serve?
- Piedmont Electric Member Corp listed 7 counties in North Carolina in its service territory on Form EIA-861 for 2024. This page has the full list. A utility can serve only a part of a county.