Suwannee Valley Electric Cooperative: Rates and Coverage Area

Suwannee Valley Electric Cooperative

Electricity Rates, Plans & Statistics

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About Suwannee Valley Electric Cooperative

There are 28,942 customer accounts who are receiving service from the company. These accounts are made up of 0.03% industrial properties, 11.96% commercial customers and 88.01% residential customers. Suwannee Valley Electric Cooperative has an average residential electricity rate of 16.03 cents per kilowatt hour. Regrettably for their customers, this rate is above both the Florida and national average rates of 15.67 and 15.73 cents per kilowatt hour, respectively. There were a total of 574,237 megawatt hours sold to retail consumers in 2022 by the supplier. The megawatt hours sourced by the provider primarily came from megawatt hours that they acquired by way of the wholesale electricity market. They purchased 604,183 wholesale megawatt hours. Their total revenue in 2022 from electricity activities was $75,018,000, with 99.29% coming from retail sales to end users.

The average residential electricity bill for a customer of Suwannee Valley Electric Cooperative is $170.41 per month. Consumers of the provider pay a 0.95% markdown compared to other residents of Florida. The provider currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other providers and then resell it to end consumers.

Suwannee Valley Electric Cooperative Net Metering

Consumers of Suwannee Valley Electric Cooperative have the ability to participate in net metering options. This makes it easier for people who are interested to install solar and other electricity options as they have the ability to sell unneeded wattage back to the grid.

Energy Loss

Electricity suppliers routinely submit data for energy lost through heat dissipation and other causes to government agencies who track infrastructure efficiencies. Suwannee Valley Electric Cooperative recently reported a loss of 4.96% of the total electricity production total. Suwannee Valley Electric Cooperative's energy loss amounts give them a ranking of 26th best out of the 51 providers that operate in the state and report energy loss and 868th best out of 3517 in the country.

Suwannee Valley Electric Cooperative Rate & Electric Bills

Suwannee Valley Electric Cooperative residential electric rates are highest in February and the highest average bill is in August.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.167/kWh$0.108/kWh$231.36/mo.$101.42/mo.
2339th16.03¢Suwannee Valley Electric Cooperative's Average residential price per kWh
2624th$170.41Average monthly electricity bill for Suwannee Valley Electric Cooperative's residential customers

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Suwannee Valley Electric Cooperative Overview

  • Company Type:Cooperative
  • Headquarters:11340 100th Street
    Live Oak, Florida 32060
    United States of America
  • CEO:Michael McWaters

Suwannee Valley Electric Cooperative Contact

Suwannee Valley Electric Cooperative Service

  • States Served:
    • Florida
  • Counties Served:
    • Columbia County
    • Suwannee County
    • Gilchrist County
    • Dixie County
    • Hamilton County
    See All Counties
  • Major Cities Served:

Energy Loss

Suwannee Valley Electric Cooperative's energy loss due to business operations.

-4.96%

Total Energy Loss

29,946MWh

868 National Rank

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Suwannee Valley Electric Cooperative Coverage Map

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Suwannee Valley Electric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Florida28,94279,568,597.4529100%

Suwannee Valley Electric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Columbia County71,908317.04$177.64/mo
Dixie County16,701416.99$171.18/mo
Gilchrist County17,759316.93$172.71/mo
Hamilton County13,973217.09$177.53/mo
Lafayette County8,343416.99$176.60/mo
Suwannee County43,514316.71$175.24/mo

Suwannee Valley Electric Cooperative Reviews

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Suwannee Valley Electric Cooperative FAQ:

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

Currently, the average monthly bundled electric bill for customers of Suwannee Valley Electric Cooperative is $170.41. The state average bundled bill is $171.70 and the US average is $171.70.

What is the phone number for Suwannee Valley Electric Cooperative?

Suwannee Valley Electric Cooperative's customer service phone number is (800) 447-4509

Who is the CEO of Suwannee Valley Electric Cooperative?

Suwannee Valley Electric Cooperative's CEO is Michael McWaters.

How many counties does Suwannee Valley Electric Cooperative have customers in to?

Suwannee Valley Electric Cooperative supplies electricity to customers in 6 counties throughout the nation.

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

The average bundled rate of electricity for consumers of Suwannee Valley Electric Cooperative is 16.03 cents per kilowatt hour (¢/kWh).

Nick Reese
Last Reviewed By: Nick Reese
Published: 2024-05-13