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. The average residential electricity rate for customers of Golden Valley Electric is approximately 31.14 cents per kilowatt hour . This is above both the Alaska and the US average prices of 23.81 and 15.76 cents per kilowatt hour, respectively. They sold 1,244,414 megawatt hours in 2022 by way of traditional retail accounts and 200 megawatt hours via wholesale sales to other suppliers. Electricity generation and wholesale power purchases made up 66.76% and 33.24%, respectively, of all electricity sourced by the company. Power plants the company owns produced 888,991 megawatt hours and an additional 442,665 megawatt hours were procured on the wholesale electricity market. In 2022, the provider earned 98.94% of their revenue from retail electricity sales and 0.00% via sales via wholesale channels.
The Alaska average monthly residential electric bill is $143.03, while the Golden Valley Electric average is 26.93% more at $180.01 per month. Golden Valley Electric is the 25th ranked company in the state for average monthly bill amount. Consumers of the company experience 4.57 electrical outages on average each year, with outages lasting an average of 374.1 minutes. The national averages for outages and duration are 1.45 outages at 171.11 minutes each. They rank 18th out of the 54 companies we track in Alaska for their ratio of renewable versus non-renewable fuel types used. Golden Valley Electric is ranked as the 2nd highest electricity producer in Alaska out of 54 providers.
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 1013th best out of 3529 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 February and the highest average bill is in January.
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
Quick Facts About Golden Valley Electric
By megawatt hours produced, Golden Valley Electric is the 2nd largest electricity company out of 62 suppliers in Alaska.
Golden Valley Electric generates 31,127 megawatt hours of electricity (or 3.46% of their total electricity generation) from wind turbines.
Golden Valley Electric produces 869,733 megawatt hours from non-renewable fuel types, which is 2nd out of 54 suppliers in the state.
Roughly 42.82% of Golden Valley Electric's total electricity comes from the use of coal.
Energy Loss
Golden Valley Electric's energy loss due to business operations.
Total Energy Loss
74,072MWh
1013 National Rank
Grid Reliability
Length & Frequency of Golden Valley Electric's Power Outages
374.1 min.
vs. national average of 171.11 min.
4.57 outages/yr
vs. national average of 1.45
Power Outages
Currently, 0 customers are being tracked in Golden Valley Electric.
Customers Out:
0
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 | 47,995 | 299,371,918 | 2 | 100% |
Golden Valley Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Denali Borough | 2,187 | 1 | 30.74 | $179.99/mo |
| Fairbanks North Star Borough | 95,356 | 1 | 30.74 | $179.99/mo |
| Southeast Fairbanks Census Area | 6,849 | 2 | 32.99 | $171.61/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 | 472,927 | 310,067,030.86 | 655.63 | Yes | |
| Healy CDP | AK | Coal | 390,428 | 519,128,832.93 | 1,329.64 | |||
Eva Creek WindGolden Valley Electric (100.00%) | Ferry CDP | AK | Wind | 31,127 | ||||
FairbanksGolden Valley Electric (100.00%) | Fairbanks | AK | Distillate Fuel Oil | 6,275 | 9,484,550.16 | 1,511.48 | ||
Delta PowerGolden Valley Electric (100.00%) | Delta Junction | AK | Distillate Fuel Oil | 103 | 384,787.1 | 3,735.8 | ||
Battery Energy Storage SystemGolden Valley Electric (100.00%) | Fairbanks | AK | Batteries or other use of electricity as an energy source | -2,601 |
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:
How many counties does Golden Valley Electric sell electricity to?
Golden Valley Electric sells electricity to customers in 3 counties 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 fuels?
Golden Valley Electric generates 3.46% of their electricity from renewable fuel types.
What is the average bundled bill for Golden Valley Electric customers each month?
Consumers of Golden Valley Electric pay, on average, a monthly bundled bill of $180.01.
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?
Golden Valley Electric is associated with or owns 6 power plants.
When will Golden Valley Electric power be restored?
Average outage times for Golden Valley Electric are about 374.1 minutes per outage.
What cities does Golden Valley Electric provider electricity to?
Golden Valley Electric serves 5 cities.
What percentage of Golden Valley Electric's electricity is produced from nonrenewable fuels?
Golden Valley Electric produces 96.54% of their electricity from nonrenewable fuel sources.
What is the average bundled electricity rate for Golden Valley Electric customers?
Golden Valley Electric's current average bundled electricity rate is 31.14 cents per kilowatt hour (¢/kWh), compared to the average Alaska bundled rate of 23.81 cents and the average United States rate of 15.76 cents.
