BARC Electric Cooperative

About BARC Electric Cooperative

With 12,990 consumers, the provider provides electricity to 806 commercial locations and 12,184 residential locations. The residential electricity rate for customers of BARC Electric Cooperative is, on average, 16.78 cents per kilowatt hour. Regrettably, this is 18.18% above Virginia's average rate of 14.19 cents, ranking the provider at 34th out of 36 providers in Virginia for best average electricity rate. In 2019 they had retail sales of 179,686 megawatt hours. Electricity production facilities owned by BARC Electric Cooperative produced 0.40% of the megawatt hours sourced by the supplier and an additional 99.60% was procured by way of wholesale channels. In 2019, the company made 97.73% of their revenue from retail electricity sales.

The US average monthly residential power bill is $135.34, while the BARC Electric Cooperative average is 1.05% more at $136.76 per month. BARC Electric Cooperative ranks 1920th in the US for average monthly bill amount. 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.