Chariton Valley Electric Cooperative

About Chariton Valley Electric Cooperative

Chariton Valley Electric Cooperative provides electricity to 2 cities in the state including cities such as Albia and Seymour. The organization is an electric cooperative. Electricity companies must regularly report the total number of customers they have to government agencies. In the most recent report the supplier reported a total of 6 industrial customers, 1,253 commercial customers and 5,260 residential customers being supplied electricity by the company. This is the entirety of their customers. Chariton Valley Electric Cooperative has an average residential electricity rate of 15.87 cents per kilowatt hour. This is 2.14% less than the US average price of 16.22 cents, ranking the company at 2152nd lowest for average electricity rate out of 2885 companies in the country. There were a total of 97,234 megawatt hours sold to retail accounts in 2019 by the company. The electricity sourced by Chariton Valley Electric Cooperative is made up primarily of megawatt hours they procured on the wholesale market. This category makes up 100.00% of the total electricity sourced. Their revenue in 2019 from electricity related activities was $11,882,900, with 99.20% coming from retail sales to end users.

The average monthly residential electric bill for a customer of Chariton Valley Electric Cooperative is $148.87 per month, while the US average is $143.38. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it to end consumers.