Grand Valley Power

About Grand Valley Power

Grand Valley Power supplies electricity to 3 counties and is considered an electric cooperative. There are a total of 17,101 customer accounts receiving service from the provider. These accounts are made up of 192 industrial customers, 2,142 commercial customers and 14,767 residential accounts. Grand Valley Power's customers are charged an average residential electricity rate of 17.29 cents per kilowatt hour. This is 6.61% more than the nationwide average price of 16.22 cents, ranking the provider at 2470th lowest for average electricity rate out of 2885 providers in the country. The provider had total sales and disposition of 269,721 megawatt hours in 2023, of which 94.43% were from retail sales. The electricity sourced by the supplier came from a mix of electricity production from electricity facilities owned by Grand Valley Power and additional megawatt hours that they purchased on wholesale channels. They generated 222 megawatt hours and purchased 269,499 wholesale megawatt hours. The total revenue for Grand Valley Power for 2023 from electricity sales was $38,420,000, with 99.64% coming from retail sales to end users.

Customers of the company have an average monthly residential power bill of $177.68. This is 53.20% more than the Colorado average bill of $101.4. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it to end consumers.