Virginia Electric & Power Co Electricity Rates

How this price compares

Ranked by price against the 55 utilities reporting residential rates in North Carolina, Virginia Electric & Power Co comes 35th of 55. The state's range runs from Town of Apex- (NC) at 10.52¢ to Roanoke Electric Member Corp at 21.14¢, so where a household sits inside North Carolina depends far more on which utility serves it than on the statewide average alone.

Against the 2 other investor owned utilities reporting in North Carolina, which averaged 14.74¢, Virginia Electric & Power Co is close to its own ownership class within the state (-5.5%).

All figures come from the 2024 release, so no comparison mixes vintages. The state figure is customer-weighted across 55 reporting utilities.

Scale and consumption

Virginia Electric & Power Co reported 108.7K residential customers, ranking 4th of 55 utilities in North Carolina by customers served and covering 2.2% of the state's reported residential customers.

Dividing reported residential sales by customers served gives about 14,407 kWh per customer per year - well above the national residential norm, implying a typical annual bill near $2,007.

Within North Carolina the median reporting utility sells about 12,306 kWh per customer, so Virginia Electric & Power Co customers use +17.1% against their own state's middle. Consumption this heavy usually tracks electric heating, sustained air-conditioning load or a largely detached-housing territory, which makes the price per kWh bite harder here than the headline rate suggests.

Every utility reporting in North Carolina

All 55 utilities reporting bundled residential service in North Carolina, largest first, with Virginia Electric & Power Co marked. The named companies either side of it are the ones a household in this state might otherwise be served by.

For generation mix and price history statewide, see electricity rates in North Carolina.

Common questions about Virginia Electric & Power Co rates

How much does Virginia Electric & Power Co charge per kWh?

Virginia Electric & Power Co reported an average residential price of 13.93¢ per kWh across its bundled residential customers in the 2024 EIA Form 861 release. That is an annual average across all its residential customers, not a rate schedule, so an individual bill depends on the tariff, usage pattern and season.

Is Virginia Electric & Power Co expensive compared with the rest of North Carolina?

Its average residential price is close to the North Carolina customer-weighted average of 14.15¢ per kWh, a difference of -1.5%. The state figure is weighted by customers across the 55 utilities reporting residential service in North Carolina.

What is the average electricity bill for Virginia Electric & Power Co customers?

Dividing reported residential sales by residential customers gives about 14,407 kWh per customer per year. At the reported average price that implies roughly $2,007 a year, or about $167 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.

Who owns Virginia Electric & Power Co?

EIA classifies Virginia Electric & Power Co as Investor Owned, a shareholder-owned company whose retail rates are set through a state regulatory commission. Nationally, Investor Owned utilities averaged 17.36¢ per kWh in the 2024 release.

What this page does and does not tell you

• An average across bundled residential customers for the year, revenue divided by sales, not a rate schedule.
• Form 861 presence is not evidence of availability at an address or of customer choice.

See our methodology, why energy prices vary and understanding rate structures.

Source: U.S. Energy Information Administration (EIA), Form 861 annual electric power industry report, 2024 release. Retrieved and formatted by RateWatt.