Rates

Rate Schedules

kW = kilowatt

kWh = kilowatt-hour

kV = kilovolts

Residential Service A-14

Availability

Available to consumers for normal uses in permanent single-family residences and residential farms. This schedule is not available for construction service. All service is subject to the established rules and regulations of the cooperative.

General Service B-14

Availability

Available to all consumers for general service, commercial, industrial, single, or multi-phase service, and all other non-residential service for all uses subject to the established rules and regulations of the cooperative.

Coincident Peak PC-7

Availability

This schedule is available only to those consumers served under Schedule PC-6 prior to the effective date of this Schedule PC-7. The load served on the schedule must have an effective billing demand in excess of 100 kW.

Coincident Peak Load Control Rider LCR-1

Availability

Available as an option on a voluntary basis to qualifying Consumers for accounts served on current and subsequent iterations of Schedule B-13 and/or Schedule LP-13. To qualify, the load must have an effective Schedule B and/or Schedule LP Billing Demand in excess of 100 kW. All provisions of Schedule B and/or Schedule LP iterations in effect and as applicable will remain in effect except as modified by this rider.

HPS Light Service HPS-4

Availability

Schedule HPS-4 is available only for existing high pressure sodium lights in service as of the effective date of this schedule. All fixtures will be sodium-vapor, equipped with a photoelectric cell to provide dusk-to-dawn service and will be connected ahead of the meter.

LED Light Service LED-4

Availability

Schedule LED-4 is available to all consumers of the Shenandoah Valley Electric Cooperative for the purpose of providing LED light service to homes, schools, churches, camps, businesses, and municipalities. All fixtures will be LED, equipped with a photoelectric cell to provide dusk-to-dawn service and will be connected ahead of the meter.

CMV Light Service CMV-4

Availability

Schedule CMV-4 is available only for existing mercury-vapor lights as of the original effective date of this schedule. All fixtures are mercury-vapor, equipped with a photoelectric cell to provide dusk-to-dawn service and are connected ahead of the meter.

Small Agricultural Generation

Availability

Unless specifically excluded within this Schedule, all of the Cooperative's Terms and Conditions shall apply to customers taking service under this Schedule.

This Schedule is available to customers who qualify as small agricultural generators pursuant to Va. Code § 56-594.2 which operate a small agricultural generating facility with a total designed capacity of 1.5 MW AC nameplate or less. Power generated by the customers' facilities will be purchased by the Cooperative under this schedule. Power will be sold to the customer under the terms of the applicable rate schedule.

This Schedule is not available to customers who (i) use any type of interruptible rate, (ii) use any type of power production or generation-inclusive rate, (iii) are enrolled in any wholesale market-based demand response or demand-side management incentive program (such as the PIM Emergency Load Response Program or Economic Load Response Program), (iv) use net energy metering service under Schedule NEM, or (v) customers who are Small Power Production or Cogeneration Facilities which qualify under Section 210 of the Public Regulatory Policies Act of 1978 which choose to generate and sell power to the Cooperative pursuant to Schedule NeoGV,

Power Cost Adjustment & Power Cost Adjustment Billing Factor

Availability

Available in all territories served by the cooperative, subject to the terms and conditions of the cooperative on file with the Virginia State Corporation Commission.

The power cost adjustment is a pass-through cost from SVEC’s wholesale provider, Old Dominion Electric Cooperative. It makes up roughly 70% of a member’s monthly bill, and can fluctuate throughout the year. SVEC has no control over this cost.

PCA Billing Factor

Month Billing Factor
February 2024 $0.01927
January 2024 $0.01866
December 2023 $0.01866
November 2023 $0.01866
October 2023 $0.01866
September 2023 $0.01866
August 2023 $0.01866
June 2023 $0.02624
May 2023 $0.02624
April 2023 $0.02624
March 2023 $0.02624
February 2023 $0.02624
PURPA Schedule NeoGV

Availability

Unless specifically excluded within this Schedule, all of the Cooperative's Terms and Conditions shall apply to customers taking service under this Schedule.

This Schedule is available to customers with Small Power Production or Cogeneration Facilities which qualify under Section 210 of the Public Regulatory Policies Act of 1978, and which have a total design capacity of 100 kilowatts AC nameplate or less. Power generated by the customers' facilities will be purchased by the Cooperative under this schedule. Power will be sold to the customer under the terms of the applicable rate schedule. Power generated by customers' facilities which have a total design capacity of more than 100 kW AC may be purchased by the Cooperative through separate, independently-negotiated arrangements.

This Schedule is not available to customers who (i) use any type of interruptible rate, (ii) use any type of power production or generation-inclusive rate, (iii) are enrolled in any wholesale market-based demand response or demand-side management incentive program (such as the PJM Emergency Load Response Program or Economic Load Response Program), (iv) use net energy metering service under Schedule NEM, or (v) customers who are small agricultural generators under Schedule AgGEN (should such an approved rate schedule be filed).


2024 Rate Revision

On Jan. 2, 2024, SVEC filed with the State Corporation Commission (SCC) an application requesting approval of a proposed increase in rates and charges for bills rendered on and after Feb. 1, 2024. The application was approved by the SCC on Jan. 31, 2024. Read the final order here (PDF).

General rate resources:

2024 Rate Revision FAQs

How much are rates going up?

Under the new rates, an average residential member using 1,000 kWh per month will see an increase of about $7.27 per month, which includes the Power Cost Adjustment rate as of February 2024.

  • The Power Cost Adjustment (PCA) is a pass-through cost from our wholesale provider, Old Dominion Electric Cooperative (ODEC). SVEC has no control over it, and it makes up about 70% of the monthly bill.

Impact on individual member bills may vary based on rate schedule and usage.

What is the “Variable Distribution Charge?”

The variable distribution charge, as the name suggests, will vary based on a member’s use. Those who use more will pay more through the variable distribution charge.

  • It’s basically fuel (i.e., power) for someone’s home.
  • Similar to filling up at the gas tank, you control how much you pay through this charge. The more you use, the more you pay.

The variable distribution charge serves to fund operating expenses the co-op incurs related to use of our infrastructure (poles, wires, towers, transformers, conductors, etc.).

The two charges that comprise the “Distribution Subtotal” are what funds SVEC operations (equipment, staffing, everything). Combined, they are the cost to provide electric service to someone’s home, after SVEC purchases power from ODEC.

Why is SVEC raising rates?

Since our last rate increase in 2022, SVEC has continued to see increases in our costs of service consistent with the increasing operational costs in the utility industry and economy in general.

The 2024 increase will provide funding that offsets the increased cost of doing business to maintain a high level of reliability on our system.

The additional funds will go toward maintenance and construction of electric infrastructure expenses, such as poles, copper wire, transformers, etc.

  • The increase will not create new rate structures or programs not currently supporting reliability and service.
Didn’t rates just go up? Why are they going up again so soon?

There was a rate increase in 2022 that was larger in scope and coincided with an unexpected increase in ODEC’s PCA. It raised residential bills an average of about $18 per month.

While the last increase went into effect in May 2022, SVEC’s filing for those changes with the SCC were based on numbers from March 2019 through March 2020.

Inflation since January 2021 has put more pressure on the cooperative, which, as a not-for-profit utility, can only rely on revenue through the timely payments of members (i.e., there are no investors who inject cash into our operations).

The 2022 rate revision was SVEC’s first change in rates since 2014, and it was pursued, in part, to help fund the advanced metering infrastructure project, installation of a fiber network and administrative costs associated with introducing new programming, such as community solar.

What steps did SVEC take before the SCC filing?

SVEC used the services of a third-party consultant to review current rates.

The consultant’s recommendations were presented to SVEC’s Board of Directors, which passed a resolution to pursue the rate revision in October 2023.

The consultant’s recommendations are reflected in the SCC filing.

Why is the SCC involved?

In Virginia, utilities like SVEC are regulated by the SCC. The most common path to changing rates is through a “rate case,” or filing, with the SCC. If SVEC were to propose a decrease in rates, the same approach of making a request to the SCC would take place.

Where can I see the proposal?

SVEC filed its rate case application to the SCC on Jan. 2, 2024. The case number is 2023-00207 and documents can be viewed on the SCC's website.

Electronic copies of these documents may also be obtained, at no charge, by submitting a written request to the Cooperative’s counsel:

Timothy E. Biller, Esquire
Hunton Andrews Kurth LLP
Riverfront Plaza, East Tower
951 East Byrd Street
Richmond, VA 23219-4074

tbiller@hunton.com