The co-op’s focus is always to provide safe, reliable energy to its members every day at the most reasonable rate possible. While wholesale power costs have escalated annually, the cooperative has shouldered the impact of these adjustments throughout the years to hold its rates steady for members. Because of continued increases in the cost of wholesale power this year and additional ones scheduled for the next several years, Lumbee River EMC cannot absorb the total amounts.

To continue keeping cooperative finances strong, the Board of Directors approved a rate adjustment to become effective in January 2024 to ensure the co-op can meet expenses and remain fiscally sound. Even with the adjustment, Lumbee River EMC rates will remain among the lowest in the region.

Rate Adjustment Graphic

 

Rate Type

Kwh Block

Demand (kW) Block

Residential

.1000

NA

Single Three Phase

.0960

NA

Medium Commercial

.0660

6.40

Large Commercial

.0502

12.10

 

With increases in both energy and demand charges passed along to the cooperative, the co-op’s power costs increased by 3% this year, with additional increases scheduled for the next several years. Due to inflation and supply chain issues, expenses related to required distribution equipment such as wire, transformers, conduits, poles, and meters continue to rise. Considering the need to continue delivering safe and reliable energy and to keep the cooperative financially sound, the Board decided to implement an increase that equates to an average of about 7% for members.

Lumbee River EMC is not the only energy provider or organization/company to adjust the cost of its services/products. The current economic landscape of both our state and the country continues to impact businesses, families, and individuals alike. 

Lumbee River EMC offers resources for how to save both energy and money.  If you have an online profile with the cooperative, you can monitor your energy usage through our SmartHub app. You can also use several helpful tools to assist you in managing your usage and reducing your electric costs.

The cooperative also offers several payment options that you can choose from to work the best for your budget:

  • FlexPay – allows you to choose your payment frequency and pay as you go. You can monitor your energy use and credit balance daily, weekly, or monthly to match your budget.

  • Budget Billing – allows you to make even monthly payments to reduce the impact of seasonal factors that can affect your bill.

  • Auto-Pay – allows you to have payments automatically posted to your credit or debit card or paid from your bank account.

You can learn more about our energy efficiency programs by visiting the Energy Programs section of our website or speaking to a representative of our Energy Services department.

The co-op’s focus is and will always be to deliver electricity to you that is affordable, reliable, and safe. Our commitment to containing costs has not changed. We will continue to work with our statewide organization to keep wholesale rates reasonable and reliability high.

No, the temporary rate adjustment goes away when the new rate goes into effect. 

You can click here to review the cooperative rate schedules. You can also call 910-843-4131 and speak to a Member Services Representative.