These 12 month periods may vary from provider to provider and from power plant to power plant, as some entities are required to report on a rolling monthly basis others report on an annual basis. Unless otherwise noted, all data is a compilation of the most recent 12 months of government released data. The company does not have ownership in any electricity production facilities and all of the power that they sell to their consumers must be purchased wholesale from other companies.ĭisclaimer: The data displayed on this page may be incomplete or incorrect. Lumbee River EMC is the 2646th ranked supplier in the nation for average monthly bill total. The nationwide average monthly residential power bill is $ 131.84, while the Lumbee River EMC average is 20.48% more at $ 158.83 per month. Their revenue in 2021 from electricity activities was $ 151, 381, 400, with 96.62% coming from retail sales to end users. They purchased 1, 420, 516 megawatt hours on the wholesale market. The electricity they sourced was made up of megawatt hours that they procured via the wholesale electricity market. They sold 1, 360, 524 megawatt hours in 2021 via retail sales. Lumbee River EMC bills their consumers a residential electricity price of 11.55 cents per kilowatt hour on average, which is 0.50% below the average state rate of 11.61 cents. These accounts are made up of 0.03% industrial properties, 4.11% commercial locations and 95.86% residential properties. There are a total of 64, 046 customers who are receiving service from the provider. We are dedicated to providing our members with reliable, affordable, and sustainable electricity while prioritizing exceptional service and community engagement.Lumbee River EMC is headquartered in Pembroke, North Carolina and supplies electricity in 4 counties in the state. Lumbee River EMC is a not-for-profit electric cooperative serving 61,000 member-owners in five counties. We remain dedicated to serving you and our community and will navigate this challenge together. Should you have any questions or concerns, please do not hesitate to contact our customer service team. “We deeply value the trust and loyalty of our members and appreciate your understanding and support during these challenging times,” said Jon T. We will continue to provide regular updates regarding the status of the temporary rate adjustment and any changes that may occur in the future. Lumbee River EMC remains committed to maintaining transparency and informing our members about any developments affecting their electricity rates. We understand that this may pose an additional financial burden for our members and assure you that we are working diligently to explore all avenues to minimize the impact of these challenges. The temporary adjustment will result in a $5.50 increase per 1000 kWh used, visible on your electric bill. The adjustment will be reviewed monthly, ensuring it accurately reflects the prevailing market conditions and allows for necessary modifications. This temporary rate adjustment has been implemented to address the rising cost of power and increased inflation, allowing us to continue delivering reliable and high-quality electrical services to our members. The 5.5% increase is a temporary rate adjustment on all member bills in response to these unforeseen circumstances. As a result, effective June 1, 2023, Lumbee River EMC has implemented a temporary rate adjustment to mitigate the financial impact on the cooperative and its members. Additionally, the recent rise in inflation has further contributed to the economic challenges LREMC faces. LREMC Announces Temporary Rate Adjustment in Response to Wholesale Power Cost Increase and Inflation
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