Powell Valley Electric Cooperative

About Powell Valley Electric Cooperative

Powell Valley Electric Cooperative is headquartered in New Tazewell, Tennessee and provides electricity in 2 states within the US This service area also comprises 7 cities within these states. Electricity providers must regularly report the number of customers they have to government agencies. Most recently the company listed a total of 6 industrial customers, 6,591 commercial accounts and 27,302 residential customers signed on for their services. This is the sum of their customers. Customers of Powell Valley Electric Cooperative are charged an average residential electricity rate of 11.73 cents per kilowatt hour, resulting in the provider ranking 711th out of 2892 in the country. The supplier had total sales and disposition of 709,797 megawatt hours in 2022, of which 93.70% were from sales to end users. The electricity sourced by the company is made up primarily of megawatt hours they purchased on the wholesale market. Of the electricity sourced whole purchased made up 100.00%. In 2022, the company made a total of $73,769,400 from business activities relating to the sale and transfer of electricity. They had 95.59% of their revenue coming from retail sales to end users.

Consumers of the company have an average monthly residential power bill of $120.95. This is 10.63% less than the United States average bill of $135.34. Powell Valley Electric Cooperative generates 420 megawatt hours from their electricity facilities, which ranks them as the 11th highest generator of electricity in Tennessee out of 83 suppliers. Electricity production plants managed by the supplier use non-renewable fuel sources to generate 100.00% of their total electricity generation, or 420 megawatt hours. This amount ranks them at 465th out of 3526 providers in the country. The supplier currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other suppliers and then resell it to end consumers.