North Carolina industrial electricity rates
For 8,930 North Carolina industrial accounts the 2024 average price was 7.77 cents per kWh on 25.6 TWh of sales.
In 2024 North Carolina industrial accounts paid 7.77 ¢/kWh, rank 32 of 51 and 4.4% below the U.S. industrial price (8.13 ¢). A North Carolina account using 239,109 kWh a month pays about $18,579. Since 2015 the North Carolina price moved +19.4%.
North Carolina sits 0.04 ¢ under West Virginia, the state above, and 0.04 ¢ over Kansas, the state below. At 239,109 kWh a month, energy in North Carolina costs 5,595 dollars more than in New Mexico, the cheapest industrial state.
How it compares
| Industrial price | 2024 | 2015 | Change | Bill |
|---|---|---|---|---|
| North Carolina | 7.77 ¢/kWhthis state | 6.51 ¢/kWh | +19.4% | $18,579at 239,109 kWh |
| West Virginia (next above) | 7.81 ¢/kWh+0.04 ¢ against North Carolina | 6.09 ¢/kWh | +28.2% | $18,674at 239,109 kWh |
| Kansas (next below)Lowest in this table | 7.73 ¢/kWh-0.04 ¢ against North Carolina | 7.61 ¢/kWh | +1.6% | $18,483at 239,109 kWh |
Compare 48 North Carolina companies
North Carolina industrial: 2025 and 2026
North Carolina industrial, data to July 2026.
- North Carolina 2025 average price
- 7.80 ¢/kWh+0.4% against 2024, U.S. +6.0%
- North Carolina 2025 rank
- 37 of 51-5 places against 2024
- North Carolina January to Jul 2026
- 7.91 ¢/kWh+1.4% on Jan-Jul 2025
- North Carolina Last 12 months
- 7.86 ¢/kWhto July 2026
- North Carolina July 2026
- 8.37 ¢/kWh+7.7% against July 2025
- North Carolina 2025 costliest month
- Jan 8.18 ¢cheapest May 7.52 ¢, a 9% spread
- North Carolina Typical 2025 bill
- $19,183 a monthtop Jul $21,082, low Feb $17,664
The North Carolina industrial price averaged 7.80 ¢/kWh in 2025, +0.4% on 2024: North Carolina ran 5.6 points slower than the nation. From January to July 2026 the North Carolina average is 7.91 ¢, +1.4% on 2025, 4.5 points below the U.S. change. Seasonality in North Carolina: 2025 peaked in January at 8.18 ¢ and bottomed in May at 7.52 ¢. A typical industrial account in North Carolina paid about $230,199 for energy over 2025, from $17,664 in February to $21,082 in July; use per account ran 221,634 to 271,326 kWh a month.
North Carolina industrial price by month, 2024 to Jul 2026
Price by month, North Carolina industrial: 12 rows
| Month | 2024 | 2025 | 2026 to Jul |
|---|---|---|---|
| Jan | 7.41 | 8.18 | 8.01 |
| Feb | 8.34 | 7.97 | 8.55 |
| Mar | 7.79 | 7.73 | 7.05 |
| Apr | 7.56 | 7.70 | 7.73 |
| May | 7.47 | 7.52 | 7.78 |
| Jun | 7.69 | 7.77 | 7.87 |
| Jul | 7.82 | 7.77 | 8.37 |
| Aug | 7.77 | 7.82 | No data |
| Sep | 8.09 | 7.90 | No data |
| Oct | 7.80 | 7.63 | No data |
| Nov | 7.74 | 7.69 | No data |
| Dec | 7.81 | 7.91 | No data |
12 rows from EIA retail sales.
CSVWhat a typical North Carolina industrial account paid each month
North Carolina industrial: use per account times price, energy only.
Typical bill by month, North Carolina industrial: 12 rows
| Month | 2025 | 2026 to Jul |
|---|---|---|
| Jan | 19026 | 18819 |
| Feb | 17664 | 19348 |
| Mar | 18840 | 17479 |
| Apr | 17783 | 18062 |
| May | 19606 | 20263 |
| Jun | 19660 | 20891 |
| Jul | 21082 | 23155 |
| Aug | 21026 | No data |
| Sep | 20037 | No data |
| Oct | 19036 | No data |
| Nov | 18207 | No data |
| Dec | 18232 | No data |
12 rows from EIA retail sales.
CSVNorth Carolina industrial charts
Industrial price, North Carolina and U.S.
North Carolina 6.51 ¢ in 2015 and 7.77 ¢ in 2024, 0.36 ¢ under the national figure.
North Carolina industrial price against the national average, 2015 to 2024: 10 rows
| Year | North Carolina industrial | Gap to U.S. industrial | North Carolina residential |
|---|---|---|---|
| 2015 | 6.51 | -0.40 | 11.28 |
| 2016 | 6.31 | -0.45 | 11.03 |
| 2017 | 6.20 | -0.68 | 10.94 |
| 2018 | 6.33 | -0.59 | 11.09 |
| 2019 | 6.30 | -0.51 | 11.42 |
| 2020 | 6.31 | -0.36 | 11.38 |
| 2021 | 6.14 | -1.04 | 11.32 |
| 2022 | 6.54 | -1.78 | 11.62 |
| 2023 | 7.15 | -0.89 | 12.93 |
| 2024 | 7.77 | -0.36 | 14.13 |
10 rows from EIA retail sales.
CSVAnnual change
Biggest move +9.3% in 2023; latest +8.7%.
% vs prior year
- -3.12016
- -1.72017
- +2.12018
- -0.52019
- +0.22020
- -2.72021
- +6.52022
- +9.32023
- +8.72024
Year-over-year change, North Carolina industrial price: EIA retail sales.
CSVAnalyst note
The North Carolina industrial price sat above the U.S. average in 0 of 10 years; the gap was -0.40 ¢ in 2015 and -0.36 ¢ in 2024. In the 2024 ranking North Carolina sits between West Virginia (7.81 ¢) one place above and Kansas (7.73 ¢) one place below; the top of the list is 26.36 ¢ away and the bottom 2.34 ¢. North Carolina was 32nd in 2015 with 6.51 ¢ and is 32nd now; no move in the table. North Carolina industrial prices rose in 5 of 9 years. The largest rise was +9.3% in 2023, and the largest fall -3.1% in 2016. The North Carolina price peaked at 7.77 ¢ in 2024 and bottomed at 6.14 ¢ in 2021; 2024 is the peak and +26.5% from the low. Compounded, that is +1.99% a year in North Carolina, +0.16 points against the U.S. North Carolina buys 2.48% of all U.S. industrial electricity with 0.80% of the accounts, so the average North Carolina account uses 3.10 times the national average.
North Carolina industrial customers paid 7.77 ¢ in 2024, which puts the state 32nd of 51, a middle position, 0.36 ¢ under the U.S. Nine years moved the North Carolina industrial price +19.4% (+2.0% a year), level with the U.S. by 1.7 points. The sharpest year was 2023 at +9.3%; the peak came in 2024.
The latest North Carolina year moved +8.7%, so prices are still climbing. The North Carolina residential price of 14.13 ¢ sits 6.36 ¢ above. A North Carolina industrial account uses 239,109 kWh a month; priced at 7.77 ¢ that is about $18,579, and the sector buys 18.7% of North Carolina's power.
Counting revenue instead of kWh, North Carolina industrial accounts bring in 12.5% of North Carolina sector revenue on 18.7% of the kWh, a discount of 6.2 points that comes from the price level: 7.77 ¢ here against 14.13 ¢ for residential and 10.56 ¢ for commercial accounts. The average North Carolina industrial account uses 239,109 kWh a month, 14 of 51 among states on that measure; a residential account uses 0.00 times as much and a commercial account 0.02 times. Industrial accounts are 0.15% of the 5,827,719 accounts in North Carolina.
Facts
- Industrial price 2024
- 7.77 ¢/kWh-4.4% against U.S.
- Price in 2015
- 6.51 ¢/kWh+19.4% to 2024
- Annual change
- +2.0%+0.2 points vs U.S.
- Rank
- 32 of 5119 states cost less
- Gap to U.S.
- -0.36 ¢$860.79 a month
- Peak year
- 20247.77 ¢; 2021 low 6.14 ¢
- Sales
- 25.6 TWh18.7% of state sales
- Industrial accounts
- 8,9300.84 per 1,000 residents
- Use per account
- 239,109 kWh/mo2,869,309 a year
- Implied monthly bill
- $18,579-$861 against U.S. rate
Data tables
North Carolina, industrial: price by year
| Year | North Caroli | U.S. | Change | Gap | Ratio |
|---|---|---|---|---|---|
| 2015 | 6.51 | 6.91 | No data | -0.40 | 0.942 |
| 2016 | 6.31 | 6.76 | -3.1% | -0.45 | 0.933 |
| 2017 | 6.20 | 6.88 | -1.7% | -0.68 | 0.901 |
| 2018 | 6.33 | 6.92 | +2.1% | -0.59 | 0.915 |
| 2019 | 6.30 | 6.81 | -0.5% | -0.51 | 0.925 |
| 2020 | 6.31 | 6.67 | +0.2% | -0.36 | 0.946 |
| 2021 | 6.14 | 7.18 | -2.7% | -1.04 | 0.855 |
| 2022 | 6.54 | 8.32 | +6.5% | -1.78 | 0.786 |
| 2023 | 7.15 | 8.04 | +9.3% | -0.89 | 0.889 |
| 2024 | 7.77 | 8.13 | +8.7% | -0.36 | 0.956 |
North Carolina industrial: cost by use
| Monthly kWh | North Carolina cost a month | Gap to U.S. rate in North Carolina |
|---|---|---|
| 59,780 (0.25x the North Carolina account) | $4,644.91 | -$215.21 |
| 119,550 (0.5x the North Carolina account) | $9,289.03 | -$430.38 |
| 239,110 (1x the North Carolina account) | $18,578.85 | -$860.80 |
| 358,660 (1.5x the North Carolina account) | $27,867.88 | -$1,291.18 |
| 478,220 (2x the North Carolina account) | $37,157.69 | -$1,721.59 |
| 956,440 (4x the North Carolina account) | $74,315.39 | -$3,443.18 |
North Carolina: the three sectors measured against industrial
| Sector | North Carolina price ¢/kWh | Price vs industrial | North Carolina kWh per account a month | Use vs industrial | North Carolina revenue share | North Carolina kWh share |
|---|---|---|---|---|---|---|
| Residential | 14.13 | 1.82x | 1,015 | 0.00x | 54.7% | 45.1% |
| Commercial | 10.56 | 1.36x | 5,495 | 0.02x | 32.8% | 36.2% |
| Industrial (this page) | 7.77 | 1.00x | 239,109 | 1.00x | 12.5% | 18.7% |
Questions on North Carolina industrial
How much per kWh do North Carolina industrial customers pay: 7.77 cents on average?
7.77 cents in 2024, -4.4% against the U.S. rate.
Is North Carolina cheap or costly for industrial power?
32nd of 51, with 19 places charging less.
What is the nine-year price trend for North Carolina industrial power?
6.51 to 7.77 cents: +19.4% in total, +2.0% a year.
What is a typical monthly industrial bill in North Carolina?
239,109 kWh at 7.77 cents, price times use, comes to $18,579.
How many industrial electricity accounts does North Carolina have?
8,930 accounts, or 0.84 per 1,000 residents.
When were North Carolina industrial prices highest since 2015?
2024 at 7.77 cents; the low was 6.14 cents in 2021.
What did North Carolina industrial electricity cost in 2025?
North Carolina averaged 7.80 cents per kWh, +0.4% against 7.77 in 2024, and 37 of 51 among states.
Are North Carolina industrial electricity prices rising in 2026?
North Carolina is -4.5 points against the U.S.: 7.91 cents from January to July 2026, +1.4% on 2025.
When in 2025 did North Carolina industrial power cost most, January or May?
January at 8.18 cents in North Carolina; May was the lowest at 7.52, a 9% spread.
Does North Carolina industrial power cost less than the national average in 2026?
1.12 cents below the national average; North Carolina 7.91 cents over January to July 2026, +1.4% on 2025.
More on North Carolina industrial
- North Carolina state hub48 utilities, 551 accounts per 1,000
- North Carolina residential rates14.13 ¢, rank 34 of 51
- North Carolina commercial rates10.56 ¢, rank 34 of 51