BARC Electric Cooperative

About BARC Electric Cooperative

BARC Electric Cooperative provides electricity to 2 states in the nation including Virginia and West Virginia and is classified as an electric cooperative. The supplier last disclosed a total of 12,983 customers, 801 of which are commercial properties and 12,182 of which are residential properties. On average, BARC Electric Cooperative charges their consumers a residential electricity rate of 13.65 cents per kilowatt hour, which is 4.55% below Virginia's average rate of 14.30 cents. This makes the supplier 25th out of 35 providers in the state for best average electricity rate. In 2019 BARC Electric Cooperative had retail sales of 179,686 megawatt hours. The electricity produced in the company's power plants made up 778 of the megawatt hours sourced by the company. The purchase of wholesale electricity made up an additional 193,046. In 2019, the supplier made a total of $25,353,000 from business activities relating to the sale and transfer of electricity. They had revenue of $24,778,000 from retail sales to end users.

The United States average monthly residential power bill is $130.88, while the BARC Electric Cooperative average is 9.10% below at $118.96 per month. This is the 1641st lowest average monthly bill amount for a provider in the United States. The company currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end users.