Minnesota Valley Electric Cooperative
Electricity Rates, Plans & Statistics
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About Minnesota Valley Electric Cooperative
Minnesota Valley Electric Cooperative is an electricity cooperative. The largest county served by Minnesota Valley Electric Cooperative is Scott County, but the company also supplies electricity in 6 counties in the state of Minnesota. Electricity companies must regularly report their customer counts to government agencies. In the most recent report the provider listed a total of 46,120 customers receiving electricity from the company. Exactly 4,153 of these customers are commercial accounts and 41,967 are residential properties. Customers of Minnesota Valley Electric Cooperative pay an average residential electricity rate of 13.62 cents per kilowatt hour. This is 9.73% lower than Minnesota's average rate of 15.09 cents, ranking the provider at 122nd out of 175 providers in Minnesota for best average electricity price. Approximately 891,729 megawatt hours were sold by the provider to retail customers in 2022. The electricity sourced by Minnesota Valley Electric Cooperative is made up of primarily wholesale purchased megawatt hours, with 915,704 procured by the company. The revenue for Minnesota Valley Electric Cooperative for 2022 from electricity sales was $108,270,000, with $104,962,000 from retail sales to end users.
The national average monthly residential electricity bill is $132.69, while the Minnesota Valley Electric Cooperative average is 4.46% higher at $138.62 per month. Minnesota Valley Electric Cooperative is the 1984th ranked provider in the United States for average monthly bill amount. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it to end users.
Net metering services are offered to consumers of Minnesota Valley Electric Cooperative. Net metering makes solar panel purchases more economically feasible as it gives the ability for people to sell electricity into the grid.
Loss of electricity from heat dissipation during electricity transmission and other causes is part of being in the electricity generation business. Electricity providers must report these losses. Minnesota Valley Electric Cooperative reported a yearly loss of approximately 2.49% of the electricity that they generate. The state of Minnesota has an energy loss average of 3.21% and the nationwide average is 2.87%, giving Minnesota Valley Electric Cooperative a rank of 8th best out of 166 providers who report energy loss in Minnesota.
Minnesota Valley Electric Cooperative Rate & Electric Bills
Minnesota Valley Electric Cooperative residential electric rates are highest in January and the highest average bill is in June.
Historical Electricity Rates:
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Minnesota Valley Electric Cooperative Overview
- Company Type:Cooperative
- Headquarters:125 Minnesota Valley Electric Drive
Jordan, Minnesota 55352
United States of America - CEO:Ryan Hentges
Minnesota Valley Electric Cooperative Contact
- Website:www.mvec.net
- Customer Service Phone:(952) 492-2313
- Contact Page:www.mvec.net
- Social Media:
Minnesota Valley Electric Cooperative Service
- Rates & Plans:www.mvec.net
- Outage Map:www.mvec.net
- Outage Phone:(952) 492-8255
- States Served:
- Minnesota
- Counties Served:
- Scott County
- Carver County
- Rice County
- Le Sueur County
- Waseca County
- Major Cities Served:
- Eden Prairie
- Burnsville
- Savage
- Chaska
- Prior Lake
- Chanhassen
- Waconia
- Victoria
- New Prague
- Belle Plaine
- Table Of Contents:
Energy Loss
Minnesota Valley Electric Cooperative's energy loss due to business operations.
Total Energy Loss
22,806MWh
275 National Rank
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Minnesota Valley Electric Cooperative Coverage Map
Minnesota Valley Electric Cooperative State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Minnesota | 46,120 | 104,962,000 | 12 | 100% |
Minnesota Valley Electric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Carver County | 110,034 | 4 | 15.11 | $133.93/mo |
| Le Sueur County | 28,567 | 6 | 13.90 | $131.74/mo |
| Rice County | 67,693 | 5 | 15.06 | $128.92/mo |
| Scott County | 154,520 | 5 | 14.19 | $126.84/mo |
| Sibley County | 14,948 | 8 | 13.72 | $177.55/mo |
| Waseca County | 18,972 | 6 | 15.52 | $121.48/mo |
Cities Minnesota Valley Electric Cooperative Has Coverage
- Arlington, MN
- Belle Plaine, MN
- Burnsville, MN
- Carver, MN
- Chanhassen, MN
- Chaska, MN
- Cleveland, MN
- Cologne, MN
- Eden Prairie, MN
- Elko New Market, MN
- Elysian, MN
- Heidelberg, MN
- Henderson, MN
- Jordan, MN
- Le Center, MN
- Le Sueur, MN
- Lonsdale, MN
- Mayer, MN
- Montgomery, MN
- New Prague, MN
- Norwood Young America, MN
- Prior Lake, MN
- Savage, MN
- Victoria, MN
- Waconia, MN
- Waterville, MN
* City coverage generated based on government data. Always verify you can get service from the provider.
Minnesota Valley Electric Cooperative Reviews
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Minnesota Valley Electric Cooperative FAQ:
How many counties does Minnesota Valley Electric Cooperative provider electricity in?
Minnesota Valley Electric Cooperative supplies electricity to customers in 6 counties throughout the country.
What is the average bundled electricity rate for Minnesota Valley Electric Cooperative customers?
Minnesota Valley Electric Cooperative's current average bundled electricity rate is 13.62 cents per kilowatt hour (¢/kWh), compared to the average Minnesota bundled rate of 15.09 cents and the average United States rate of 15.64 cents.
Who is the CEO of Minnesota Valley Electric Cooperative?
Minnesota Valley Electric Cooperative's CEO is Ryan Hentges.
What is the phone number for Minnesota Valley Electric Cooperative?
Minnesota Valley Electric Cooperative's customer service phone number is (952) 492-2313
What cities does Minnesota Valley Electric Cooperative have customers in to?
Minnesota Valley Electric Cooperative supplies to 26 cities.
How much is the average bundled bill for Minnesota Valley Electric Cooperative customers each month?
Minnesota Valley Electric Cooperative currently has an average monthly bundled electric bill of $138.62, compared to the Minnesota average of $107.55 and the United States average of $107.55 for bundled service.
