Virginia Tech Electric Service

Electricity Rates, Plans & Statistics

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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:

Price Per kWhAverage Bill$0.124/kWh$0.103/kWh$165.55/mo.$66.17/mo.
1417th11.90¢Virginia Tech Electric Service's Average residential price per kWh
1025th$98.81Average monthly electricity bill for Virginia Tech Electric Service's residential customers

About Virginia Tech Electric Service

Virginia Tech Electric Service supplies electricity in Blacksburg in Montgomery County, Virginia. A total of 5,517 residential customer accounts, 1,152 commercial accounts and 5 industrial customer accounts receive electricity from the company. On average, Virginia Tech Electric Service's residential electricity price is 11.90 cents per kilowatt hour, which is 2.77% less than the average state price of 12.24 cents. The company sold 306,099 megawatt hours in 2020 by way of retail accounts. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 315,745 megawatt hours acquired by the company. In 2020 the supplier had total electricity related revenue of $29,862,600, with 99.66% from retail sales.

Customers of the supplier have an average residential electricity bill of $98.81. This is 18.32% below the national average of $120.98. 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.

Virginia Tech Electric Service Net Metering

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.

Energy Loss

Virginia Tech Electric Service currently has a loss of roughly 3.05% of the electricity that they produce. This percentage of loss gives them a ranking of 378th best out of 3510 providers who report energy loss in the nation.

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

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Energy provider of the year for Virginia, Mid-Sized Provider Category
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Energy provider of the year for Virginia, Mid-Sized Provider Category
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Energy provider of the year for Virginia, Major Provider Category
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Energy Loss

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

-3.05%

Total Energy Loss

9,646MWh

378 National Rank

Virginia Tech Electric Service Coverage Map

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Virginia Tech Electric Service State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Virginia6,67430,763,84620100%

Virginia Tech Electric Service County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Montgomery County99,721513.36$136.03/mo

Virginia Tech Electric Service Reviews

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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 $98.81, compared to the Virginia average of $130.73 and the US of $130.73 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 11.90 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 12.24 cents and the average nationwide rate of 13.67 cents.

Last Reviewed By: Nick Reese
Published: 2022-08-01