In an effort to interpret and promote sustainable and clean energy use in North Carolina, the EFC at UNC collected data from rate schedules for 2013 from over 98 percent of residential electric utilities statewide (103 out of 105 utilities).
At a time when electricity is very much in the news, this analysis summarizes the different residential electricity rates and pricing for all North Carolina utilities. Between the proposed EPA regulation of carbon emissions by power plants nationwide, coal ash spills in North Carolina (and the potential cost of clean-up and prevention of future spills), the spread of solar power around the state, and attempts to reduce the amount that small producers are paid for those solar-generated electrons, there has seldom been a time when electric power was more in the public eye. Taken together, the rising costs of electricity production and changing regulation by the federal and state governments will likely increase the economic case for clean energy. Understanding the cost of electricity is the first of many steps for understanding that case.
The Residential Electricity Rates and Pricing in North Carolina 2014 report summarizes the state of residential electric rates and rate structures in North Carolina. The report draws on extensive data collection and analysis performed by the project team. The 2011 version of this report is also available.
The 2014 North Carolina Electric Rates Dashboard is an interactive online tool allows you to compare your current (as of January 1, 2014) residential electric rates at various consumption levels to other utilities with similar characteristics in North Carolina. This dashboard is designed to assist utility managers and others to analyze residential electric rates against multiple characteristics, including utility finances, system characteristics, customer base socioeconomic conditions, and geography.