Rappahannock Electric Cooperative

About Rappahannock Electric Cooperative

With their main offices in Fredericksburg, Virginia, Rappahannock Electric Cooperative supplies electricity to 19 counties throughout Virginia 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 181,227 customers signed up to receive electricity from the company. Approximately 0.32% of these customers are industrial properties, 6.77% are commercial customer accounts and 92.91% are residential properties. On average, Rappahannock Electric Cooperative charges their consumers a residential electricity rate of 15.32 cents per kilowatt hour. Unfortunately, this is 4.54% more than Virginia's average price of 14.66 cents, ranking the company at 24th out of 36 providers in Virginia for lowest average electricity price. The provider had total sales and disposition of 4,051,190 megawatt hours in 2023, of which 95.53% 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 4,051,190 wholesale megawatt hours. In 2023, the supplier made a total of $506,580,900 from business activities relating to the sale and transfer of electricity. They had 98.62% of their revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $142.37, while the Rappahannock Electric Cooperative average is 22.45% higher at $174.32 per month. Rappahannock Electric Cooperative is the 2490th ranked provider in the nation for average monthly bill total. Electricity generation is not part of the Rappahannock Electric Cooperative business plan, as they purchase power at wholesale rates from other providers and then resell to their customers. Customers of the provider deal with 1.63 power outages on average per year, with outages lasting an average of 173.17 minutes. The national averages for these data points are 1.44 outages at 123.49 minutes each.