Virginia Tech Electric Service

About Virginia Tech Electric Service

Virginia Tech Electric Service supplies electricity in Montgomery County, Virginia. Virginia Tech Electric Service charges their patrons a residential electricity rate of 11.78 cents per kilowatt hour on average. Luckily, this is 1.40% lower than the state's average price of 11.95 cents. The company sold 306,099 megawatt hours in 2020 by way of traditional retail sales. The electricity sourced by Virginia Tech Electric Service is made up of primarily wholesale purchased megawatt hours, with 315,745 megawatt hours procured by the company. Their revenue for 2020 from electricity activities was $29,862,600, with $29,762,300 from retail sales to end users.

The state average monthly residential electricity bill is $132.38, while the Virginia Tech Electric Service average is 26.93% below at $100.62 per month. This is the 4th lowest average monthly bill amount for a provider in the state. Electricity production is not part of the Virginia Tech Electric Service business model, as they purchase power at wholesale rates to then be resold to their customers.

Virginia Tech Electric Service Net Metering

Virginia Tech Electric Service allows customers of the company to participate in net metering programs. Installation of solar panels and other electricity sources is often prohibitively priced for individuals. Net metering allows purchasers of these electricity sources to sell extra wattage back to their company, making the installation of these alternative sources economically viable .

Energy Loss

Virginia Tech Electric Service recently reported an annual loss of approximately 3.05% of the electricity that they produce. Loss of electricity due to heat dissipation during electricity transmission and other causes is part of operating in the electricity production business and electricity providers are required to report these losses to government agencies who track electricity grid efficiencies. This percentage of energy lost gives them a rank of 5th best out of 32 suppliers reporting energy loss in the state.

Virginia Tech Electric Service Rate & Electric Bills

Virginia Tech Electric Service residential electric rates are highest in January and the highest average bill is in December.

Historical Electric Rates:

Price Per kWHAverage Bill$0.124/kWh$0.103/kWh$156.00/mo.$66.17/mo.
1418th11.78¢Virginia Tech Electric Service's Average residential price per kWh
1147th$100.62Average monthly electric bill for Virginia Tech Electric Service's residential customers

Virginia Tech Electric Service Overview

  • Company Type:State
  • Headquarters:601 Energy Drive
    Blacksburg, Virginia 24061
    United States of America
  • CEO:Matt Hagy

Virginia Tech Electric Service Contact

Virginia Tech Electric Service Service

Energy provider of the year for Virginia, Mid-Sized Provider Category
Lowest Average Residential Monthly Bill
Virginia, Mid-Sized Provider Category
Claim Award
Energy provider of the year for Virginia, Mid-Sized Provider Category
Lowest Energy Loss
Virginia, Mid-Sized Provider Category
Claim Award
Energy provider of the year for Virginia, Mid-Sized Provider Category
Top 3 Lowest Energy Loss
Virginia, Mid-Sized Provider Category
Claim Award

Energy Loss

Virginia Tech Electric Service's energy loss due to business operations.

-3.05%

Total Energy Loss

9,646MWh

379 National Rank

Virginia Tech Electric Service Coverage Map

Coverage Map Placeholder

Virginia Tech Electric Service State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Virginia6,63830,063,14620100%

Virginia Tech Electric Service County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Montgomery County98,535412.68$122.72/mo

Virginia Tech Electric Service Reviews

Write a Review of Virginia Tech Electric Service

Virginia Tech Electric Service FAQ:

What is the phone number for Virginia Tech Electric Service?

You can reach Virginia Tech Electric Service by phone via (540) 231-6437.

How much is the average bundled bill for Virginia Tech Electric Service customers each month?

Virginia Tech Electric Service currently has an average monthly bundled electric bill of $100.62, compared to the Virginia average of $132.38 and the United States average of $132.38 for bundled service.

What is the average bundled electricity rate for Virginia Tech Electric Service customers?

Consumers of Virginia Tech Electric Service, on average, have an electricity bundled rate 11.78 cents per kilowatt hour (¢/kWh).

Who is the CEO of Virginia Tech Electric Service?

The CEO of Virginia Tech Electric Service is Matt Hagy.

Last Reviewed By: Nick Reese
Published: 2021-03-16Last Updated: 2022-01-12