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Electric cooperative2025 early release

Central Virginia Electric Cooperative electricity rates

CVEC served 35,353 Virginia homes in 2025 at an average of 16.16¢ per kWh, 0.88¢ above the statewide average that year.

16.16¢

2025 avg price

per kWh, all-in

+0.1%

1-year change

16.14¢ in 2024

+2.0%

per year since 2015

compounded

1,238

kWh / home / month

≈ $200 average bill

Central Virginia Electric Cooperative average residential price vs. Virginia average, 2015–2025Cents per kWh by calendar year. CVEC ended at 16.16 cents in 2025.11¢12¢13¢14¢15¢16¢201520172019202120232025CVECVirginia average
EIA-861, residential revenue ÷ residential sales, Central Virginia Electric Coop. Statewide line from EIA-861M. 2025 early release.
YearAvg price ¢/kWhChangeResidential customersAvg kWh / month
2025*16.16+0.1%35,3531,238
202416.14+0.7%34,8931,184
202316.03+14.7%34,7441,133
202213.97+2.8%34,0601,253
202113.59-2.3%34,0601,219
202013.91-5.4%33,7041,185
201914.70+7.5%33,3341,231
201813.68+9.7%33,0751,299
201712.47-3.0%32,7801,194
201612.85-2.9%32,4231,253
201513.23—32,1811,254
Compare ▲ APCo · 17.16¢ ▼ NNEC · 16.01¢ All 19 utilities

Why the line slopes the way it does: why Virginia rates keep rising. What the charges on the bill mean: how to read your co-op electric bill.

Solar math at CVEC prices

An average CVEC home, solar-sized.

Using CVEC's own average usage (1,238 kWh a month, ≈ $200), its 2025 price, a median Virginia roof (1,389 kWh per kW per year) and the calculator's default assumptions (3% annual rate growth, $2.75/W, no federal credit). Dollars are nominal. Every utility side by side: Is solar worth it in Virginia?

Run it with your bill

10.7 kW

System size

$29,425

Est. cost

$2,641

Year-1 savings

10.1 yrs

Break-even

$79,939

25-yr savings

$50,514

Net benefit

undiscounted

Service territory

Where CVEC delivers power

14 Virginia localities, per EIA's service-territory file. Many counties are split between utilities; your bill is the tiebreaker.

Questions

Is 16.16¢ what I pay per kWh with CVEC?
It is what CVEC's residential customers paid on average in 2025: all charges on the bill before taxes, divided by all kilowatt-hours sold, as reported to EIA. Your effective rate depends on your usage (fixed charges weigh more on small bills), your rate schedule and any power-cost adjustment changes since then. Divide a recent bill (less taxes) by its kWh to get yours.
How have CVEC's rates changed?
From 13.23¢ in 2015 to 16.16¢ in 2025: +22.1% in total, or about 2.0% a year compounded. The most recent year moved +0.1%.
Does CVEC offer net metering?
Virginia's investor-owned utilities and electric cooperatives credit exported solar at the full retail rate, with credits carried forward for 12 months. The State Corporation Commission's April 30, 2026 ruling on Dominion's net-metering case kept full retail crediting in place. Electric cooperatives net meter under a separate section of the statute (§ 56-594.01). Each cooperative's board sets its own program cap, fees and interconnection paperwork, and at least one Virginia cooperative has reached its cap in the past, so check the current tariff before signing. Policy facts reviewed 2026-10-06.
Where does this data come from?
EIA Form 861 (annual) sales to ultimate customers, residential sector, filed by the utility. The 2025 figure is EIA's early release and may be revised. Last checked October 6, 2026.