Salem, Virginia Electric Utility

About Salem, Virginia Electric Utility

Salem, Virginia Electric Utility is headquartered in Salem, Virginia and they serve electricity in the residents that call the city home. The company last reported a total of 13,462 customers. Exactly 79 of them are industrial properties, 2,131 are commercial customers and 11,252 are residential customers. Salem, Virginia Electric Utility's customers spend, on average, 12.37 cents per kilowatt hour for their electricity, which is 13.24% lower than the average Virginia rate of 14.26 cents. Roughly 354,276 megawatt hours were sold by the supplier to retail accounts in 2022. The electricity sourced by the company primarily came from megawatt hours that they purchased via the wholesale electricity market. They purchased 368,015 on the wholesale market. In 2022, they made a total of $41,784,000 from business activities relating to the sale and transfer of electricity. They had 98.52% of their revenue coming from retail sales to end users.

The Virginia average monthly residential electricity bill is $139.64, while the Salem, Virginia Electric Utility average is 16.19% below at $118.16 per month. This is the 5th lowest average monthly bill amount for a supplier in the state. Salem, Virginia Electric Utility produces 191 megawatt hours from their electricity facilities, which ranks them as the 728th highest generator of electricity in the country out of 3517 companies. Salem, Virginia Electric Utility is the 18th largest provider out of 32 electricity companies in the state based on total megawatt hours sold. The company generates 498th megawatt hours from non-renewable fuel types each year, making them 498th in the United States out of 3517 companies.