Golden Valley Electric

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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 47,495 customers of the provider. About 1.15% of them are industrial accounts, 14.29% are commercial customer accounts and 84.56% are residential customers. Consumers of Golden Valley Electric purchase residential electricity for, on average, 27.78 cents per kilowatt hour. Unfortunately for their consumers, this rate is above both the Alaska and nationwide average rates of 21.96 and 13.71 cents per kilowatt hour, respectively. In 2020 the company had retail sales of 1,221,811 megawatt hours and wholesale sales of 1,221,811 megawatt hours. Power generation plants owned by the company produced 75.34% of the megawatt hours sourced by the company and an additional 24.66% was purchased via wholesale channels. Their revenue for 2020 from electricity related activities was $238,500,900, with 99.21% coming from retail sales to end users and 0.01% from sales to the wholesale electricity market.

The Alaska average monthly residential electric bill is $125.75, while the Golden Valley Electric average is 33.58% more at $166.46 per month. Golden Valley Electric is the 28th ranked company in the state for average monthly bill amount. Golden Valley Electric is the 2nd largest supplier out of 53 electricity companies in the state based on total megawatt hours sold. The provider is 90th out of 3509 providers in the United States for total megawatt hours generated from wind turbines. Golden Valley Electric generates 906,048 megawatt hours from their electricity plants, which ranks them as the 2nd highest generator of electricity of all 53 suppliers in Alaska.

Golden Valley Electric Net Metering

Offering net metering to consumers is a win-win situation for Golden Valley Electric and any residents who receive their electricity from the company. Without net metering, solar panel installation is significantly less economically realistic, as citizens have no way to sell excess electricity back into the infrastructure system.

Energy Loss

Suppliers routinely submit data for energy lost through electricity transmission to government agencies who track electricity grid efficiencies. Golden Valley Electric recently reported a loss of 2.97% of the electricity generation. These averages allow us to compare and contrast the grid efficiencies of the numerous providers who operate around the nation. Golden Valley Electric has earned a rank of 363rd best out of 3509 providers who report energy loss in the United States and 3rd best out of 53 in the state.

Golden Valley Electric Rate & Electric Bills

Golden Valley Electric residential electric rates are highest in January and the highest average bill is in July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.299/kWh$0.218/kWh$247.44/mo.$115.61/mo.
2928th27.78¢Golden Valley Electric's Average residential price per kWh
2790th$166.46Average monthly electricity bill for Golden Valley Electric's residential customers

Golden Valley Electric Overview

  • Company Type:Cooperative
  • Headquarters:758 Illinois Street
    Fairbanks, Alaska 99701
    United States of America
  • CEO:John Burns

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Golden Valley Electric Service

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Quick Facts About Golden Valley Electric

Golden Valley Electric generates 367,514.93 megawatt hours of electricity from the burning of coal, ranking Golden Valley Electric 1st out of 53 electric suppliers in the state.

Golden Valley Electric generates 56,648 megawatt hours (or 6.25% of their total production) from the use of renewable fuel sources in their power plants.

Golden Valley Electric generates 849,400 megawatt hours from non-renewable fuels, which is 239th out of 3509 providers in the nation.

Energy Loss

Golden Valley Electric's energy loss due to business operations.

-2.97%

Total Energy Loss

37,884MWh

363 National Rank

Golden Valley Electric Energy Makeup

Golden Valley Electric Coverage Map

Coverage Map Placeholder

Golden Valley Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Alaska47,495264,916,7482100%

Golden Valley Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Denali Borough1,619233.63$138.18/mo
Fairbanks North Star Borough95,655346.36$178.71/mo
Southeast Fairbanks Census Area6,808233.62$138.24/mo

Power Plants Owned by Golden Valley Electric

PlantCity/CountyStatePrimary Fuel TypeProduction (MWh)Emission (kg)Emissions/MWhToxic Chemical ReleaseClosing Date
North Pole AK Waste/other Oil 465,063293,502,234.79631.1
Healy CDP AK Coal 375,434504,558,494.741,343.93
Ferry CDP AK Wind 56,648
Fairbanks AK Distillate Fuel Oil 9,02412,905,629.011,430.15
Delta Junction AK Distillate Fuel Oil -12176,009.16628.17
Battery Energy Storage SystemGolden Valley Electric (100.00%)
Fairbanks AK Batteries or other use of electricity as an energy source -3,128

Golden Valley Electric Fuel Makeup

WASTE/OTHER OIL
Waste/other Oil
Waste/other Oil
Waste/other Oil
Waste/other Oil
Waste/other Oil
41.45%
COAL
Coal
Coal
Coal
Coal
Coal
40.56%
DISTILLATE FUEL OIL
Distillate Fuel Oil
Distillate Fuel Oil
11.73%
WIND
Wind
6.25%

Cities Golden Valley Electric Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

Golden Valley Electric Reviews

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Golden Valley Electric FAQ:

What cities does Golden Valley Electric sell electricity to?

Golden Valley Electric provides electricity to 5 cities throughout the United States.

Who is the CEO of Golden Valley Electric?

John Burns is the CEO of Golden Valley Electric.

What percentage of Golden Valley Electric's electricity is generated from renewable fuel sources?

Electric facilities owned by or associated with Golden Valley Electric produce 6.25% of their electricity using renewable fuel types.

What percentage of Golden Valley Electric's electricity is generated from nonrenewable fuels?

Power facilities owned by or associated with Golden Valley Electric generate 93.75% of their electricity from nonrenewable fuel sources.

How much is the average bundled bill for Golden Valley Electric customers each month?

Currently, the average monthly bundled electric bill for customers of Golden Valley Electric is $166.46. The state average bundled bill is $125.75 and the US average is $125.75.

How many counties does Golden Valley Electric provider electricity to?

There are 3 counties that receive at least some electricity coverage by Golden Valley Electric including Alaska.

What is the average bundled electricity rate for Golden Valley Electric customers?

The average bundled rate of electricity for consumers of Golden Valley Electric is 27.78 cents per kilowatt hour (¢/kWh).

What is the phone number for Golden Valley Electric?

You can reach Golden Valley Electric by phone via (907) 452-1151.

How many power plants are owned by or associated with Golden Valley Electric?

There are 6 power plants owned by or associated with Golden Valley Electric.

Last Reviewed By: Fernando García
Published: 2022-08-01