Golden Valley Electric

About Golden Valley Electric

Golden Valley Electric is an electric cooperative serving the state of Alaska, including cities like Fairbanks, Badger CDP, College CDP, Steele Creek CDP, and Chena Ridge CDP. At the moment, there are 48,282 customers of the provider. About 1.23% of them are industrial accounts, 14.36% are commercial customer accounts and 84.41% are residential customers. Consumers of Golden Valley Electric purchase residential electricity for, on average, 31.19 cents per kilowatt hour. Unfortunately for their consumers, this rate is above both the Alaska and nationwide average rates of 24.63 and 16.22 cents per kilowatt hour, respectively. In 2023 the company had retail sales of 1,232,656 megawatt hours and wholesale sales of 1,232,656 megawatt hours. Power generation plants owned by the company produced 65.13% of the megawatt hours sourced by the company and an additional 34.87% was purchased via wholesale channels. Their revenue for 2023 from electricity related activities was $292,187,200, with 99.23% coming from retail sales to end users and 0.02% from sales to the wholesale electricity market.

The Alaska average monthly residential electric bill is $143.9, while the Golden Valley Electric average is 25.78% more at $180.86 per month. Golden Valley Electric is the 25th ranked company in the state for average monthly bill amount. Golden Valley Electric is the 2nd largest supplier out of 55 electricity companies in the state based on total megawatt hours sold. The provider is 92nd out of 3530 providers in the United States for total megawatt hours generated from wind turbines. Golden Valley Electric generates 977,900 megawatt hours from their electricity plants, which ranks them as the 2nd highest generator of electricity of all 55 suppliers in Alaska.