Shenandoah Valley Electric Cooperative

About Shenandoah Valley Electric Cooperative

Shenandoah Valley Electric Cooperative supplies electricity to 9 counties and is considered an electric cooperative. There are a total of 99,695 customer accounts receiving service from the provider. These accounts are made up of 82 industrial customers, 15,365 commercial customers and 84,248 residential accounts. Shenandoah Valley Electric Cooperative's customers are charged an average residential electricity rate of 13.74 cents per kilowatt hour. This is 11.53% less than the nationwide average price of 15.54 cents, ranking the provider at 1837th lowest for average electricity rate out of 2893 providers in the country. The provider had total sales and disposition of 2,534,928 megawatt hours in 2022, of which 95.56% were from retail sales. The electricity sourced by the supplier primarily came from megawatt hours that they acquired by way of the wholesale market. They purchased 2,534,928 wholesale megawatt hours. The revenue for the company for 2022 from electricity sales was $270,638,900, with $267,342,700 from retail sales to end users.

Customers of the company have an average monthly residential power bill of $157.41. This is 11.01% more than the Virginia average bill of $142.51. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it to end consumers.