Virginia Tech Electric Service
Electricity Rates, Plans & Statistics
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About Virginia Tech Electric Service
Virginia Tech Electric Service supplies electricity in Blacksburg in Montgomery County, Virginia. A total of 5,739 residential customer accounts, 1,171 commercial accounts and 5 industrial customer accounts receive electricity from the company. On average, Virginia Tech Electric Service's residential electricity price is 16.67 cents per kilowatt hour, which is 16.92% more than the average state price of 14.26 cents. The company sold 313,469 megawatt hours in 2022 by way of retail accounts. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 320,104 megawatt hours acquired by the company. In 2022 the supplier had total electricity related revenue of $33,055,700, with 99.14% from retail sales.
Customers of the supplier have an average residential electricity bill of $125.3. This is 5.57% below the national average of $132.69. Electricity production is not handled in house at the company, as they purchase power at wholesale rates to then be resold to their end users.
Consumers of Virginia Tech Electric Service are able to take advantage of net metering solutions, which is a positive for both parties. Net metering makes solar panel purchases more economically feasible as it gives the ability for consumers to sell electricity back to the grid.
Virginia Tech Electric Service currently has a loss of roughly 2.07% of the electricity that they produce. This percentage of loss gives them a ranking of 205th best out of 3517 providers who report energy loss in the nation.
Virginia Tech Electric Service Rate & Electric Bills
Virginia Tech Electric Service residential electric rates are highest in January and the highest average bill is in September.
Historical Electricity Rates:
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Virginia Tech Electric Service Overview
- Company Type:State
- Headquarters:601 Energy Drive
Blacksburg, Virginia 24061
United States of America - CEO:Matt Hagy
Virginia Tech Electric Service Contact
- Website:vtes.vt.edu
- Customer Service Phone:(540) 231-6437
- Contact Page:www.vt.edu
- Social Media:
Virginia Tech Electric Service Service
- Rates & Plans:vtes.vt.edu
- Outage Phone:(540) 231-6437
- States Served:
- Virginia
- Counties Served:
- Montgomery County
- Major Cities Served:
- Table Of Contents:
Energy Loss
Virginia Tech Electric Service's energy loss due to business operations.
Total Energy Loss
6,635MWh
205 National Rank
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Virginia Tech Electric Service Coverage Map
Virginia Tech Electric Service State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Virginia | 6,915 | 44,526,016 | 16 | 100% |
Virginia Tech Electric Service County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Montgomery County | 98,915 | 5 | 16.57 | $166.33/mo |
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Virginia Tech Electric Service FAQ:
Who is the CEO of Virginia Tech Electric Service?
Matt Hagy is the current CEO of Virginia Tech Electric Service.
What 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 $125.30, compared to the Virginia average of $139.64 and the US of $139.64 for bundled service.
What is the phone number for Virginia Tech Electric Service?
You can reach Virginia Tech Electric Service by phone via (540) 231-6437.
What is the average bundled electricity rate for Virginia Tech Electric Service customers?
Virginia Tech Electric Service's current average bundled electricity rate is 16.67 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 14.26 cents and the average nationwide rate of 15.64 cents.
