Southside Electric Cooperative

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About Southside Electric Cooperative

Southside Electric Cooperative is an electric cooperative. The largest city served by the provider is Petersburg, but the company also supplies electricity to 13 cities in Virginia. Electricity providers must regularly report the total number of customers signed on for their services to government agencies. In the most recent report the company reported 57,354 customers receiving their services. Around 95.73% of these are residential accounts, 4.25% are commercial accounts and 0.03% are industrial properties. Southside Electric Cooperative charges their consumers a residential electricity price of 14.52 cents per kilowatt hour on average . This is above both the Virginia and United States average rates of 12.50 and 14.11 cents per kilowatt hour, respectively. There were a total of 904,749 megawatt hours sold via retail sales in 2020 by the provider. Wholesale power purchases made up 100.00% of all electricity sourced and 966,654 megawatt hours were acquired on wholesale channels. Their total revenue for 2020 was $122,613,000 and was earned only from electricity sales to retail customers.

The national average monthly residential electric bill is $125.95, while the Southside Electric Cooperative average is 26.65% higher at $159.51 per month. Southside Electric Cooperative is the 2720th ranked company in the nation for average monthly bill total. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users.

Southside Electric Cooperative Net Metering

Luckily, Southside Electric Cooperative offers net metering choices to consumers. Without net metering, solar panel installation is significantly less attractive economically, as consumers have no way to sell extra electricity back into the grid.

Energy Loss

Energy loss is a fact of life when working with electricity transmission. Southside Electric Cooperative currently averages a loss of around 6.14% of the total electricity they produce. These averages allow us to compare and contrast the grid efficiencies of the providers who operate around the United States. Southside Electric Cooperative has received a rank of 17th best out of 32 providers who report energy loss in Virginia.

Southside Electric Cooperative Rate & Electric Bills

Southside Electric Cooperative residential electric rates are highest in January and the highest average bill is in May.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.145/kWh$0.128/kWh$161.82/mo.$141.84/mo.
2412th14.52¢Southside Electric Cooperative's Average residential price per kWh
2720th$159.51Average monthly electricity bill for Southside Electric Cooperative's residential customers

Southside Electric Cooperative Overview

  • Company Type:Cooperative
  • Headquarters:2000 West Virginia Avenue
    Crewe, Virginia 23930
    United States of America
  • CEO:Jeffrey S. Edwards

Southside Electric Cooperative Contact

Southside Electric Cooperative Service

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Energy Loss

Southside Electric Cooperative's energy loss due to business operations.

-6.14%

Total Energy Loss

59,345MWh

1173 National Rank

Southside Electric Cooperative Coverage Map

Coverage Map Placeholder

Southside Electric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Virginia57,354122,613,0007100%

Southside Electric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Amelia County13,265413.50$145.78/mo
Appomattox County16,119613.39$148.87/mo
Bedford County79,462512.69$141.81/mo
Brunswick County15,849513.28$139.15/mo
Campbell County55,696513.08$142.14/mo
Charlotte County11,529513.32$142.15/mo
Chesterfield County364,548412.78$135.92/mo
Cumberland County9,675513.21$144.16/mo
Dinwiddie County27,947513.35$144.81/mo
Lunenburg County11,936513.44$144.17/mo

Cities Southside Electric Cooperative Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

Southside Electric Cooperative Reviews

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Southside Electric Cooperative FAQ:

How many counties does Southside Electric Cooperative have customers in to?

Southside Electric Cooperative supplies electricity to customers in 17 counties.

How much is the average bundled bill for Southside Electric Cooperative customers each month?

The average monthly bundled electric bill for customers of Southside Electric Cooperative is $159.51. The state average bundled bill is $134.73 and the nationwide average is $134.73.

What is the phone number for Southside Electric Cooperative?

The Southside Electric Cooperative phone number is (800) 552-2118.

What is the average bundled electricity rate for Southside Electric Cooperative customers?

Southside Electric Cooperative's current average bundled electricity rate is 14.52 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 12.50 cents and the average national rate of 14.11 cents.

Who is the CEO of Southside Electric Cooperative?

Southside Electric Cooperative's CEO is Jeffrey S. Edwards.

What cities does Southside Electric Cooperative offer service in?

Southside Electric Cooperative supplies to 13 cities in the country including Virginia.

Last Reviewed By: Fernando García
Published: 2022-09-24