Golden Valley Electric
Electricity Rates, Plans & Statistics
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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 47,935 customers of the provider. About 1.19% of them are industrial accounts, 14.37% are commercial customer accounts and 84.44% are residential customers. Consumers of Golden Valley Electric purchase residential electricity for, on average, 31.27 cents per kilowatt hour. Unfortunately for their consumers, this rate is above both the Alaska and nationwide average rates of 23.60 and 15.64 cents per kilowatt hour, respectively. In 2022 the company had retail sales of 1,244,414 megawatt hours and wholesale sales of 1,244,414 megawatt hours. Power generation plants owned by the company produced 66.76% of the megawatt hours sourced by the company and an additional 33.24% was purchased via wholesale channels. Their revenue for 2022 from electricity related activities was $285,583,200, with 98.94% coming from retail sales to end users and 0.00% from sales to the wholesale electricity market.
The Alaska average monthly residential electric bill is $138.24, while the Golden Valley Electric average is 26.19% more at $172.98 per month. Golden Valley Electric is the 23rd ranked company in the state for average monthly bill amount. Golden Valley Electric is the 2nd largest supplier out of 54 electricity companies in the state based on total megawatt hours sold. The provider is 92nd out of 3517 providers in the United States for total megawatt hours generated from wind turbines. Golden Valley Electric generates 875,815 megawatt hours from their electricity plants, which ranks them as the 2nd highest generator of electricity of all 54 suppliers in Alaska.
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.
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 5.56% 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 1012th best out of 3517 providers who report energy loss in the United States and 11th best out of 54 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:
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Golden Valley Electric Overview
- Company Type:Cooperative
- Headquarters:758 Illinois Street
Fairbanks, Alaska 99701
United States of America - CEO:John Burns
Golden Valley Electric Contact
- Website:www.gvea.com
- Customer Service Phone:(907) 452-1151
- Contact Page:www.gvea.com
- Social Media:
Golden Valley Electric Service
- Rates & Plans:www.gvea.com
- Outage Map:outage.gvea.com
- Outage Phone:(907) 452-1151
- States Served:
- Alaska
- Counties Served:
- Fairbanks North Star Borough
- Southeast Fairbanks Census Area
- Denali Borough
- Major Cities Served:
- Fairbanks
- Badger CDP
- College CDP
- Steele Creek CDP
- Chena Ridge CDP
- Farmers Loop CDP
- Eielson AFB CDP
- North Pole
- Goldstream CDP
- Ester CDP
- Table Of Contents:
Quick Facts About Golden Valley Electric
Golden Valley Electric generates 373,388.46 megawatt hours of electricity from the burning of coal, ranking Golden Valley Electric 1st out of 54 electric suppliers in the state.
Golden Valley Electric generates 48,121 megawatt hours (or 5.49% of their total production) from the use of renewable fuel sources in their power plants.
Golden Valley Electric generates 827,694 megawatt hours from non-renewable fuels, which is 236th out of 3517 providers in the nation.
Energy Loss
Golden Valley Electric's energy loss due to business operations.
Total Energy Loss
74,072MWh
1012 National Rank
Golden Valley Electric Energy Makeup
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Golden Valley Electric Coverage Map
Golden Valley Electric State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Alaska | 47,935 | 292,803,425 | 2 | 100% |
Golden Valley Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Denali Borough | 2,187 | 2 | 37.60 | $153.59/mo |
| Fairbanks North Star Borough | 95,356 | 3 | 54.09 | $213.27/mo |
| Southeast Fairbanks Census Area | 6,849 | 2 | 37.59 | $153.63/mo |
Power Plants Owned by Golden Valley Electric
| Plant | City/County | State | Primary Fuel Type | Production (MWh) | Emission (kg) | Emissions/MWh | Toxic Chemical Release | Closing Date |
|---|---|---|---|---|---|---|---|---|
North PoleGolden Valley Electric (100.00%) | North Pole | AK | Waste/other Oil | 440,031 | 287,500,116.13 | 653.36 | ||
| Healy CDP | AK | Coal | 379,307 | 503,290,923.26 | 1,326.87 | |||
Eva Creek WindGolden Valley Electric (100.00%) | Ferry CDP | AK | Wind | 48,121 | ||||
FairbanksGolden Valley Electric (100.00%) | Fairbanks | AK | Distillate Fuel Oil | 8,343 | 11,744,081.66 | 1,407.66 | ||
Delta PowerGolden Valley Electric (100.00%) | Delta Junction | AK | Distillate Fuel Oil | 13 | 278,478 | 21,421.38 | ||
Battery Energy Storage SystemGolden Valley Electric (100.00%) | Fairbanks | AK | Batteries or other use of electricity as an energy source | -2,417 |
Golden Valley Electric Fuel Makeup
Cities Golden Valley Electric Has Coverage
- Anderson, AK
- Delta Junction, AK
- Fairbanks, AK
- Nenana, AK
- North Pole, AK
* 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 5.49% 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 94.51% 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 $172.98. The state average bundled bill is $138.24 and the US average is $138.24.
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 31.27 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.
