Radford Electric

About Radford Electric

Radford Electric is a municipally owned organization operating in Radford, Virginia and additional areas of Radford city. There are 7,509 customers of the supplier. Exactly 6,612 of them are residential accounts, 865 are commercial customers and 32 of them are industrial accounts. The average residential electricity price for consumers of Radford Electric is around 12.37 cents per kilowatt hour, which is 1.10% lower than the state's average price of 12.50 cents and 12.37% below the national average of 14.11 cents. There were a total of 175,204 megawatt hours sold to retail customers in 2019 by the company. The electricity sourced was made up of megawatt hours produced by the company and supplementary megawatt hours that they acquired via wholesale channels. They purchased 177,466 on the wholesale market and produced 6,394 megawatt hours. The total revenue for Radford Electric for 2019 from electricity sales was $19,973,000, with 100.00% coming from retail sales to end users.

The US average monthly residential electricity bill is $125.95, while the Radford Electric average is 15.17% less at $106.84 per month. This is the 1289th lowest average monthly bill amount for a provider in the nation. Radford Electric produces 2,166.12 megawatt hours from their production facilities, which ranks them as the 627th largest generator of electricity of all 3509 providers in the United States. The provider is able to produce 2,166.12 megawatt hours from hydroelectric power facilities, which makes them the 185th largest producer of hydroelectric power out of 3509 companies in the country. Electricity production from renewable fuel sources by the company totals 2,166.12 megawatt hours.