Rappahannock Electric Cooperative

About Rappahannock Electric Cooperative

With their main offices in Fredericksburg, Virginia, Rappahannock Electric Cooperative supplies electricity to 18 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 173,066 customers signed up to receive electricity from the company. Approximately 0.33% of these customers are industrial properties, 7.08% are commercial customer accounts and 92.59% are residential properties. On average, Rappahannock Electric Cooperative charges their consumers a residential electricity rate of 12.45 cents per kilowatt hour. Fortunately, this is 0.45% less than Virginia's average price of 12.50 cents, ranking the company at 19th out of 35 providers in Virginia for lowest average electricity price. The provider had total sales and disposition of 3,885,097 megawatt hours in 2020, of which 95.26% 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 3,885,097 wholesale megawatt hours. In 2020, the supplier made a total of $416,375,000 from business activities relating to the sale and transfer of electricity. They had 98.86% of their revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $125.95, while the Rappahannock Electric Cooperative average is 19.81% higher at $150.9 per month. Rappahannock Electric Cooperative is the 2589th 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.