Wake Electric Membership Corp
Cooperative electric utility · North Carolina · #319 of 3,199 U.S. utilities by customers · EIA utility #19981
Wake Electric Membership Corp is a cooperative electric utility serving 58,987 customers in North Carolina. In 2025 it sold 933 gigawatt-hours of electricity for $125.05M in revenue, an average realized rate of 13.40¢ per kWh across all customer classes and 14.29¢ per kWh for residential customers. Its reported service territory covers 7 counties. EIA records its activities as: distribution.
Customers, sales and rates by customer class (2025)
| Class | Customers | Sales (GWh) | Revenue | Avg realized rate | Share of sales |
|---|---|---|---|---|---|
| Residential | 56,069 | 755 | $107.86M | 14.29¢ | |
| Commercial | 2,915 | 129 | $14.74M | 11.43¢ | |
| Industrial | 3 | 49.0 | $2.44M | 4.99¢ | |
| Total | 58,987 | 933 | $125.05M | 13.40¢ |
Average realized rate = revenue divided by sales as reported on EIA Form 861. It blends fixed charges, demand charges and riders into one per-kWh figure; it is not the utility's tariff rate. Estimated residential bill assumes the average residential customer's actual 2025 usage (1,122 kWh/month).
Five-year trend
| Year | Customers | Sales (GWh) | Revenue | Residential rate |
|---|---|---|---|---|
| 2021 | 50,349 | 833 | $96.50M | 12.21¢ |
| 2022 | 52,826 | 823 | $99.85M | 12.76¢ |
| 2023 | 53,873 | 836 | $99.42M | 12.53¢ |
| 2024 | 56,062 | 884 | $111.60M | 13.42¢ |
| 2025 | 58,987 | 933 | $125.05M | 14.29¢ |
Reliability (2025)
Average outage time (SAIDI): 211 minutes per customer per year
Average outages (SAIFI): 1.94 per customer
Average restoration time (CAIDI): 109 minutes
As reported for North Carolina under the IEEE standard, with major event days included where the standard reports them. Lower is better; see the reliability rankings.
Energy supply (2025)
Net generation: — GWh
Wholesale power purchased: 974 GWh
Winter peak demand: 244 MW
Energy losses: 4.1% of energy handled
Meters & rooftop solar (2025)
Smart (AMI) meters: 100.0% of 58,956 meters
Customer-sited generation (net metering): 796 installations, 5.6 MW of capacity
Counties served
Durham, NCFranklin, NCGranville, NCJohnston, NCNash, NCVance, NCWake, NC
Other large utilities in North Carolina
- Duke Energy Carolinas, LLC - 2,962,438 customers, residential 13.43¢
- Duke Energy Progress - (NC) - 1,782,155 customers, residential 15.07¢
- EnergyUnited Elec Member Corp - 145,028 customers, residential 11.61¢
- Brunswick Electric Member Corp - 118,326 customers, residential 13.34¢
- Union Electric Membership Corp - (NC) - 90,148 customers, residential 13.92¢
- Jones-Onslow Elec Member Corp - 85,801 customers, residential 13.39¢
- Fayetteville Public Works Commission - 85,088 customers, residential 12.14¢
- Blue Ridge Elec Member Corp - (NC) - 81,175 customers, residential 14.92¢
All North Carolina utilities and rates
Source: U.S. Energy Information Administration, Form EIA-861 2025 (filed by the utility; figures as published). Utility #19981 in the EIA frame.