Radford Electric

About Radford Electric

Radford Electric is a municipally owned organization operating in Radford, Virginia and additional areas of Radford city. There are 7,511 customers of the supplier. Exactly 6,607 of them are residential accounts, 871 are commercial customers and 33 of them are industrial accounts. The average residential electricity price for consumers of Radford Electric is around 13.32 cents per kilowatt hour, which is 6.16% lower than the state's average price of 14.19 cents and 15.47% below the national average of 15.76 cents. There were a total of 175,204 megawatt hours sold to retail customers in 2019 by the company. The electricity sourced was made up of megawatt hours produced by the company and supplementary megawatt hours that they acquired via wholesale channels. They purchased 177,466 on the wholesale market and produced 6,394 megawatt hours. The total revenue for Radford Electric for 2019 from electricity sales was $19,973,000, with 100.00% coming from retail sales to end users.

The US average monthly residential electricity bill is $135.34, while the Radford Electric average is 19.79% less at $108.56 per month. This is the 1100th lowest average monthly bill amount for a provider in the nation. Electricity production is not handled in house at the company, as they purchase electricity at wholesale rates and then resell to their end users. The supplier is the 166th largest generator of hydroelectric power out of 3526 providers in the US. The supplier generates 100.00% of their total production, which is 6,086.52 megawatt hours, from renewable fuel sources.