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. Patrons of Central Virginia Electric Cooperative pay an average residential electricity rate of 15.02 cents per kilowatt hour, which is 5.82% higher than the average state price of 14.19 cents. There were a total of 840,091 megawatt hours sold to retail accounts in 2022 by the provider. The electricity sourced by the provider primarily came from megawatt hours that they purchased via wholesale channels. They purchased 886,631 wholesale megawatt hours. In 2022, they made a total of $109,184,000 from business activities relating to the sale and transfer of electricity. They had 96.44% of their revenue coming from retail sales to end users.
The US average monthly residential electricity bill is $135.34, while the Central Virginia Electric Cooperative average is 29.11% more at $174.74 per month. Central Virginia Electric Cooperative is the 2682nd ranked provider in the US for average monthly bill amount. The power grid managed by the company has an average of 3.06 outages per consumer each year, with outages lasting an average of 362 minutes. The nationwide average for other companies is 1.45 outages per customer and 171.11 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 5.05% of their total generation due to heat dissipation and other causes. This percentage of energy lost earns them a rank of 903rd best out of 3526 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 May and the highest average bill is in January.
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
44,751MWh
903 National Rank
Grid Reliability
Length & Frequency of Central Virginia Electric Cooperative's Power Outages
362 min.
vs. national average of 171.11 min.
3.06 outages/yr
vs. national average of 1.45
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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 | 38,556 | 106,733,720.96 | 9 | 100% |
Central Virginia Electric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Albemarle County | 114,534 | 6 | 14.67 | $159.01/mo |
| Amherst County | 31,381 | 5 | 15.95 | $168.18/mo |
| Appomattox County | 16,039 | 5 | 14.73 | $156.17/mo |
| Buckingham County | 16,832 | 4 | 14.57 | $162.34/mo |
| Cumberland County | 9,669 | 5 | 14.38 | $148.04/mo |
| Fluvanna County | 27,078 | 4 | 14.66 | $165.72/mo |
| Goochland County | 24,300 | 5 | 14.01 | $143.36/mo |
| Greene County | 20,374 | 2 | 14.64 | $170.09/mo |
| Louisa County | 37,136 | 5 | 14.57 | $165.37/mo |
| Nelson County | 14,795 | 4 | 15.40 | $172.20/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 $174.74. The state average bundled bill is $141.71 and the US average is $141.71.
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 15.02 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 362 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.
