Most of us use electricity, either directly or indirectly, at almost all times. Because electricity is so abundant and available with the simple flip of a switch, it’s easy to take it for granted. 

According to the Energy Information Agency (EIA), the typical U.S. household now uses more air conditioning, appliances and consumer electronics than ever before. The average home also contains 10 or more internet-connected devices. Considering everything that is powered by electricity, it’s no wonder we occasionally might wince at our monthly bill. But keep in mind, it’s no longer just the “light bill.”

Electricity powers our quality of life. From the infrastructure of your home (appliances, water heater and HVAC system) to charging your smartphones, computers, TV and Wi-Fi router, your energy bill covers so much more than lighting. 
Today, there is more demand for electricity than ever before. At home, in schools and businesses and in commercial sectors such as transportation, the need for electricity is increasing. 

Although inflation has led to increasing costs in many areas of our lives, the cost of powering your home has risen slower than other common goods. 

According to the U.S. Bureau of Labor Statistics Consumer Price Index, over the last five years, the cost of gasoline increased 6.1%; milk increased 5.6%; and bread increased 5.5%. But the cost of electricity only increased 4.6%. Considering all the ways we depend on electricity, it still remains a great value.

Our Rates

In the January issue of Member News it was announced that the cooperative’s board of directors approved a rate change effective April 1, 2024.

Members on residential service rates and medium general service rates will see an adjustment in their facilities charge starting with April bills. The facilities charge is a fixed monthly fee that covers the costs of items associated with providing electricity to members, such as poles, wire, transformers, and meters.

For the average CCEC residential member, the rate adjustment means paying $3.20 more per month. Beginning April 1, a typical member using 1,000 kilowatt-hours per month will see an increase from $123.27 to $126.47.After the April rate adjustment, rates for CCEC members will remain below the average electricity rates in eastern North Carolina. For more information on the rate adjustment visit ccemc.com/2024Rates.

Member discussion forums scheduled

Members have the opportunity to discuss the new rates plus learn more about the co-op's energy-saving programs at our upcoming member discussion forums.

Please join us at one of the following member forums:

• Carteret-Craven Electric Co-op, Feb. 29 @ 6:30 p.m.
• Emerald Isle Town Board Room, March 5 @ 6:30 p.m.
• Core Sound Waterfowl Museum, March 7 @ 6:30 p.m.
• Havelock Tourist & Event Center, March 12 @ 6:30 p.m.

More information regarding the member discussion forums can be found at ccemc.com/MemberForums.