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Electric cooperative

Mecklenburg Electric Cooperative electricity rates

MEC served 30,016 Virginia homes in 2024 at an average of 14.50¢ per kWh, 0.09¢ above the statewide average that year.

14.50¢

2024 avg price

per kWh, all-in

-2.8%

1-year change

14.91¢ in 2023

+1.0%

per year since 2015

compounded

973

kWh / home / month

≈ $141 average bill

Mecklenburg Electric Cooperative average residential price vs. Virginia average, 2015–2024Cents per kWh by calendar year. MEC ended at 14.50 cents in 2024.11¢12¢13¢14¢15¢20152017201920212023MECVirginia average
EIA-861, residential revenue ÷ residential sales, Mecklenburg Electric Cooperative. Statewide line from EIA-861M.
YearAvg price ¢/kWhChangeResidential customersAvg kWh / month
202414.50-2.7%30,016973
202314.91+3.0%29,949939
202214.48+13.8%29,8161,015
202112.72-4.7%29,9051,000
202013.35-3.3%29,642979
201913.80+1.6%29,3851,023
201813.58+6.6%29,3731,076
201712.74+1.1%29,342981
201612.60-4.8%29,2311,085
201513.23—29,2261,128
Compare ▲ Dominion · 15.20¢ ▼ SVEC · 14.49¢ 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 MEC prices

An average MEC home, solar-sized.

Using MEC's own average usage (973 kWh a month, ≈ $141), its 2024 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

8.4 kW

System size

$23,100

Est. cost

$1,842

Year-1 savings

11.5 yrs

Break-even

$54,844

25-yr savings

$31,744

Net benefit

undiscounted

Service territory

Where MEC delivers power

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

Questions

Is 14.50¢ what I pay per kWh with MEC?
It is what MEC's residential customers paid on average in 2024: 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 MEC's rates changed?
From 13.23¢ in 2015 to 14.50¢ in 2024: +9.6% in total, or about 1.0% a year compounded. The most recent year moved -2.8%.
Does MEC 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. Last checked October 6, 2026.