Electricity Rates in Drakes branch, VA
Drakes branch, VA is in a deregulated electricity market with 3 providers available. The average residential rate is 15.0¢/kWh, close to the Virginia average of 15.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Drakes branch
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Mecklenburg Electric Cooperative | 15.0¢/kWh | 5.0¢/kWh | Cooperative |
| Southside Electric Coop, Inc | 15.0¢/kWh | 12.0¢/kWh | Cooperative |
| Virginia Electric & Power Co | 14.0¢/kWh | 5.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Drakes branch
At 15.0¢/kWh, a typical Drakes branch household spends approximately $1594.80/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Drakes branch
Charging an electric vehicle at home in Drakes branch costs approximately $135.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Virginia
Frequently Asked Questions
What is the average electricity rate in Drakes branch, VA?
The average residential electricity rate in Drakes branch, VA is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Drakes branch?
Drakes branch is served by 3 electricity providers. Virginia Electric & Power Co is the largest provider in the area, though rates and availability vary by specific address.
How do Drakes branch electricity rates compare to the rest of Virginia?
Drakes branch's average rate of 15.0¢/kWh is close to the Virginia state average of 15.0¢/kWh. Rates are typical for the region.