Skip to content
Electric cooperative

Powell Valley Electric Cooperative electricity rates

PVEC served 6,589 Virginia homes in 2024 at an average of 11.42¢ per kWh, 2.99¢ below the statewide average that year.

11.42¢

2024 avg price

per kWh, all-in

+1.4%

1-year change

11.26¢ in 2023

+1.1%

per year since 2015

compounded

1,095

kWh / home / month

≈ $125 average bill

Powell Valley Electric Cooperative average residential price vs. Virginia average, 2015–2024Cents per kWh by calendar year. PVEC ended at 11.42 cents in 2024.10¢11¢12¢13¢14¢20152017201920212023PVECVirginia average
EIA-861, residential revenue ÷ residential sales, Powell Valley Electric Coop. Statewide line from EIA-861M.
YearAvg price ¢/kWhChangeResidential customersAvg kWh / month
202411.42+1.4%6,5891,095
202311.26-1.0%6,5691,072
202211.37+9.9%6,5781,132
202110.35+1.5%6,5551,144
202010.20-4.0%6,5381,091
201910.63+0.5%6,5471,111
201810.58-0.5%6,5581,193
201710.63+2.2%6,5701,063
201610.40+0.9%6,5741,128
201510.31—6,5921,169
Compare ▲ HEC · 11.51¢ 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 PVEC prices

An average PVEC home, solar-sized.

Using PVEC's own average usage (1,095 kWh a month, ≈ $125), 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

9.5 kW

System size

$26,125

Est. cost

$1,711

Year-1 savings

14.3 yrs

Break-even

$48,895

25-yr savings

$22,770

Net benefit

undiscounted

Service territory

Where PVEC delivers power

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

Questions

Is 11.42¢ what I pay per kWh with PVEC?
It is what PVEC'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 PVEC's rates changed?
From 10.31¢ in 2015 to 11.42¢ in 2024: +10.8% in total, or about 1.1% a year compounded. The most recent year moved +1.4%.
Does PVEC 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.