Powell Valley Electric Cooperative

About Powell Valley Electric Cooperative

Powell Valley Electric Cooperative is headquartered in New Tazewell, Tennessee and provides electricity in 2 states within the US This service area also comprises 7 cities within these states. Electricity providers must regularly report the number of customers they have to government agencies. Most recently the company listed a total of 4 industrial customers, 6,120 commercial accounts and 26,818 residential customers signed on for their services. This is the sum of their customers. Customers of Powell Valley Electric Cooperative are charged an average residential electricity rate of 10.25 cents per kilowatt hour, resulting in the provider ranking 591st out of 2923 in the country. The supplier had total sales and disposition of 569,379 megawatt hours in 2020, of which 92.91% were from sales to end users. The electricity sourced by the company is made up primarily of megawatt hours they purchased on the wholesale market. Of the electricity sourced whole purchased made up 100.00%. In 2020, the company made a total of $56,861,700 from business activities relating to the sale and transfer of electricity. They had 95.05% of their revenue coming from retail sales to end users.

Consumers of the company have an average monthly residential power bill of $105.45. This is 16.28% less than the United States average bill of $125.95. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates and then resell to their consumers.