Community Electric Coop

About Community Electric Coop

Community Electric Coop provides electricity for 12 cities in the state. The entity is an electricity cooperative. Electricity companies must regularly report their customer counts to government agencies. Most recently the provider disclosed a total of 11,618 customers receiving their services. Exactly 9,680 of these are residential properties, 1,936 are commercial customer accounts and 2 are industrial properties. Customers of Community Electric Coop pay an average residential electricity rate of 12.90 cents per kilowatt hour, which is 9.53% lower than Virginia's average price of 14.26 cents. This ranks the supplier 15th best for average electricity price out of 36 companies in the state. Community Electric Coop had total sales and disposition of 209,350 megawatt hours in 2019, of which 194,922 megawatt hours were via retail sales. Wholesale power purchases made up 100.00% of all electricity sourced and 209,350 megawatt hours were purchased on wholesale channels. In 2019, they made a total of $24,621,000 from business activities relating to the sale and transfer of electricity. They had 96.67% of their revenue coming from retail sales to end users.

The Virginia average monthly residential electricity bill is $139.64, while the Community Electric Coop average is 39.51% higher at $192.06 per month. Community Electric Coop ranks 36th in the state for average monthly bill total. Electricity production is not handled in house at the company, as they purchase power at wholesale rates from other suppliers and then resell to their customers.