Central Virginia Electric Cooperative
Electricity Rates, Plans & Statistics
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About Central Virginia Electric Cooperative
Central Virginia Electric Cooperative serves 3 cities and is classified as an electricity cooperative. A total of 42,064 customers (36 industrial properties, 4,904 commercial customers and 37,124 residential accounts) receive electricity from the provider. On average, Central Virginia Electric Cooperative's residential electricity rate is 16.88 cents per kilowatt hour, which is 16.41% higher than the average state rate of 14.50 cents. They had total sales and disposition of 779,067 megawatt hours in 2023, of which 752,976 megawatt hours were from sales to end users. The electricity sourced by the company is made up primarily of megawatt hours they acquired on the wholesale market. This category comprises 100.00% of all electricity sourced by the company. In 2023, the provider earned 98.45% of their revenue from retail electricity sales.
The US average monthly residential electricity bill is $139.28, while the Central Virginia Electric Cooperative average is 45.71% more at $202.94 per month. Central Virginia Electric Cooperative is the 2793rd ranked provider in the US for average monthly bill amount. The power grid managed by the company has an average of 2.82 outages per consumer each year, with outages lasting an average of 334 minutes. The nationwide average for other companies is 1.44 outages per customer and 123.49 minutes an outage. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates from other providers and then resell it at a higher rate to end users.
Customers of Central Virginia Electric Cooperative are able to participate in net metering solutions, which is a positive for both parties. Installation of solar panels and other electricity sources is often prohibitively priced for people. Net metering allows purchasers of these electricity sources to sell excess wattage back into the grid, making the installation of these alternative sources economically viable.
Central Virginia Electric Cooperative reports energy loss of 3.11% of their total generation due to heat dissipation and other causes. This percentage of energy lost earns them a rank of 568th best out of 3530 companies who report energy loss in the United States.
Central Virginia Electric Cooperative Rate & Electric Bills
Central Virginia Electric Cooperative residential electric rates are highest in April and the highest average bill is in August.
Historical Electricity Rates:
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Central Virginia Electric Cooperative Overview
- Company Type:Cooperative
- Headquarters:800 Cooperative Way
Arrington, Virginia 22922
United States of America - CEO:Gary Wood
Central Virginia Electric Cooperative Contact
- Website:www.mycvec.com
- Customer Service Phone:(800) 367-2832
- Contact Page:www.mycvec.com
- Social Media:
Central Virginia Electric Cooperative Service
- Rates & Plans:www.mycvec.com
- Outage Map:www.mycvec.com
- States Served:
- Virginia
- Counties Served:
- Albemarle County
- Louisa County
- Orange County
- Amherst County
- Fluvanna County
- Major Cities Served:
- Lake Monticello CDP
- Appomattox
- Rivanna CDP
- Gordonsville
- Nellysford CDP
- Concord CDP
- Arrington CDP
- Scottsville
- Lovingston CDP
- Wintergreen CDP
Energy Loss
Central Virginia Electric Cooperative's energy loss due to business operations.
Total Energy Loss
24,218MWh
568 National Rank
Grid Reliability
Length & Frequency of Central Virginia Electric Cooperative's Power Outages
334 min.
vs. national average of 123.49 min.
2.82 outages/yr
vs. national average of 1.44
Power Outages
Currently, 0 customers are being tracked in Central Virginia Electric Cooperative.
Customers Out:
0
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Central Virginia Electric Cooperative Coverage Map
Central Virginia Electric Cooperative State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Virginia | 39,974 | 109,904,656.64 | 10 | 100% |
Central Virginia Electric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Albemarle County | 114,534 | 4 | 15.16 | $159.84/mo |
| Amherst County | 31,381 | 3 | 16.72 | $179.79/mo |
| Appomattox County | 16,039 | 3 | 15.88 | $181.76/mo |
| Buckingham County | 16,832 | 2 | 15.91 | $181.76/mo |
| Cumberland County | 9,669 | 3 | 15.33 | $169.56/mo |
| Fluvanna County | 27,078 | 2 | 16.06 | $185.12/mo |
| Goochland County | 24,300 | 3 | 14.31 | $147.26/mo |
| Greene County | 20,374 | 2 | 14.91 | $171.24/mo |
| Louisa County | 37,136 | 3 | 15.01 | $169.67/mo |
| Nelson County | 14,795 | 2 | 16.76 | $192.94/mo |
Cities Central Virginia Electric Cooperative Has Coverage
- Appomattox, VA
- Gordonsville, VA
- Scottsville, VA
* City coverage generated based on government data. Always verify you can get service from the provider.
Central Virginia Electric Cooperative Reviews
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Central Virginia Electric Cooperative FAQ:
What is the average bundled bill for Central Virginia Electric Cooperative customers each month?
Currently, the average monthly bundled electric bill for customers of Central Virginia Electric Cooperative is $202.94. The state average bundled bill is $147.60 and the US average is $147.60.
What is the phone number for Central Virginia Electric Cooperative?
Central Virginia Electric Cooperative's customer service phone number is (800) 367-2832
What is the average bundled electricity rate for Central Virginia Electric Cooperative customers?
The average bundled rate of electricity for consumers of Central Virginia Electric Cooperative is 16.88 cents per kilowatt hour (¢/kWh).
How many counties does Central Virginia Electric Cooperative have customers in in?
Central Virginia Electric Cooperative sells electricity to customers in 12 counties.
When will Central Virginia Electric Cooperative power be restored?
Average outage times for Central Virginia Electric Cooperative are around 334 minutes per outage.
Who is the CEO of Central Virginia Electric Cooperative?
Gary Wood is the CEO of Central Virginia Electric Cooperative.
What cities does Central Virginia Electric Cooperative have customers in in?
Central Virginia Electric Cooperative serves electricity in 3 cities.
