Martinsville Electric

About Martinsville Electric

Martinsville Electric provides electricity in Martinsville, Virginia. At the time of the most recent government reports, the company reported a total of 7,694 electricity customers signed on to receive electricity from the company. This total is made up of 5 industrial customers, 1,125 commercial customer accounts and 6,564 residential customer accounts. Martinsville Electric averages 12.70 cents per kilowatt hour charged to their patrons for residential electricity. While this is above the state average rate of 12.24 cents per kilowatt hour, it is below the national average of 13.67 cents. They had sales of 164,728 megawatt hours in 2019 through retail sales. The electricity they sourced consisted of megawatt hours produced by the company in electricity facilities they own and additional megawatt hours purchased on the wholesale electricity market. They purchased 172,665 wholesale megawatt hours. In 2019, the provider made 99.67% of their revenue from retail electricity sales.

The average monthly residential power bill for a consumer of Martinsville Electric is $118.7. Martinsville Electric is the 24th largest supplier out of 32 electricity companies in the state based on number of customers. Generation by the supplier from natural gas totals 75 megawatt hours, which is approximately 15.40% of their total generation. Electricity production facilities owned by Martinsville Electric generate a total of 487 megawatt hours, which is the 29th highest amount of 29th highest amount out of 32 providers in the state.