NorVal Electric

About NorVal Electric

With their main offices in Glasgow, Montana, NorVal Electric supplies electricity to 5 counties throughout Montana and is classified as an electricity cooperative. Electricity companies must regularly report the number of customers signed on for their services to government agencies. Most recently the supplier disclosed a total of 3,534 customers signed up to receive electricity from the company. Approximately 38.77% of these customers are industrial properties, 4.13% are commercial customer accounts and 57.10% are residential properties. On average, NorVal Electric charges their consumers a residential electricity rate of 13.20 cents per kilowatt hour. Unfortunately, this is 3.43% more than Montana's average price of 12.76 cents, ranking the company at 27th out of 35 providers in Montana for lowest average electricity price. The provider had total sales and disposition of 57,320 megawatt hours in 2019, of which 88.80% were from retail sales. The electricity sourced by the company primarily came from megawatt hours that they procured by way of wholesale channels. They purchased 57,320 wholesale megawatt hours. In 2019, the supplier made a total of $7,531,100 from business activities relating to the sale and transfer of electricity. They had 98.04% of their revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $132.69, while the NorVal Electric average is 19.63% higher at $158.74 per month. NorVal Electric is the 2450th ranked provider in the nation for average monthly bill total. The provider does not have ownership in any electricity generation facilities and all of the power that they sell to their customers must be purchased from other companies.