Rates

2026 Rate Revision FAQs

What is the current situation?

New rates will take effect on May 1, 2026. SVEC filed in April with the State Corporation Commission an application for an increase in distribution rates. The case filing is available here.

How much will this cost me?

Generally, under the proposed rates, an average residential member using 1,000 kWh per month will see an increase of about $6.51 per month. This SVEC-level increase is tied to distribution costs.

At the same time, residential members will see an increase in monthly bills, on average, of about $11 per 1,000 kWh for charges related to energy supply, driven largely by unplanned events affecting SVEC’s wholesale energy provider. These charges are pass-through costs from the provider, Old Dominion Electric Cooperative — in other words, SVEC members pay what SVEC pays for energy generation and transmission. Learn more about the ODEC-level changes here.

Why are rates being revised?
  • In essence, this is a co-op version of a cost-of-living increase.
  • Since its most recent rate increase, SVEC has continued to see rising costs of service.
  • At the same time, SVEC has continued to invest in the safety and reliability of its system, consistent with good utility practice and member expectations for performance. Examples include a new fiber utility network, advanced metering technology and general system maintenance and upgrades.
  • The requested rate revisions will generate additional revenue to allow SVEC to recover the costs of these investments, to continue to meet its financial obligations, and to provide high levels of reliability and member service.
  • This rate revision is part of the electric distribution portion of members’ bills – this is the portion SVEC has exclusive control over and makes up about 30% of the bill, as opposed to generation/transmission costs that SVEC passes directly through to members from our wholesale provider, Old Dominion Electric Cooperative. Watch this video to learn more about your electric bill.
What’s next for rates?

SVEC continues to evaluate its rate structure to line cost recovery up with the investments being made in our electric distribution system. This rate increase does not prevent additional changes, but it does ensure the impact of potential future revisions will be less on members.


2025 Commercial & Large Power Rate Reviews

On Oct. 16, 2025, Shenandoah Valley Electric Cooperative filed with the State Corporation Commission a petition requesting approval of SVEC’s Large Power Dedicated Facilities Contract Service Schedule LPD-2. The Cooperative also requested the Commission accept revised Schedules B-15 and LP-15 clarifying eligibility for LPD-2. The Commission granted interim approval of these requests beginning Jan. 1, 2026. Read the interim order here (PDF).


Rate Schedules

kW = kilowatt

kWh = kilowatt-hour

kV = kilovolts

Residential Service A-15

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-16

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. If a Consumer qualifies for service under Schedule LPD-2, the Consumer must take service under Schedule LPD-2, or successor tariffs.

Large Power Service LP-16

Availability

Available to Commercial and Industrial Consumers of the Cooperative for the supply of 100 kW or more. If a Consumer qualifies for service under Schedule LPD-2, the Consumer must take service under Schedule LPD-2, or successor tariffs.

Coincident Peak PC-8

Availability

This schedule is available only to those Consumers served under Schedule PC-6 prior to the effective date of this Schedule PC-8. 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-5

Availability

Schedule HPS-5 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-5

Availability

Schedule LED-5 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-5

Availability

Schedule CMV-5 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.

Power Cost Adjustment Rider (PDF)

PCA Billing Factor

Month Billing Factor
September 2026 $0.03411
August 2026 $0.03411
July 2026 $0.03411
June 2026 $0.03411
May 2026 $0.03411
April 2026 $0.02299
March 2026 $0.02299
February 2026 $0.02299
January 2026 $0.02299
December 2025 $0.02818
November 2025 $0.02818
October 2025 $0.02818
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).