AEP Energy
Electricity Rates, Plans & Statistics
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About AEP Energy
AEP Energy is a retail power marketer, which is a company that operates in deregulated electricity markets where customers are able to purchase electricity from multiple different providers. A total of 482,261 customers (395,281 residential customers and 86,980 commercial customers) receive their electricity from the company. The average electricity only residential rate for consumers of AEP Energy is approximately 7.98 cents per kilowatt hour , which is lower than United States average electricity only rate of 11.29 cents per kilowatt hour. The provider had total sales and disposition of 22,545,358 megawatt hours in 2022, of which 100.00% were via retail sales. The electricity sourced consisted of megawatt hours purchased by way of the wholesale electricity market. They purchased 22,545,358 wholesale megawatt hours. Their total revenue in 2022 was $1,492,320,800 and was earned through sales to retail electricity customers alone.
The average residential power bill for an electricity only customer of AEP Energy is $64.84 per month. Patrons of the company pay a 12.31% reduction compared to other residents of the United States. Electricity production is not part of the AEP Energy business plan, as they purchase power at wholesale rates from other companies and then resell to their end users.
AEP Energy Rate & Electric Bills
AEP Energy residential electric rates are highest in April and the highest average bill is in July.
Historical Electricity Rates:
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AEP Energy Overview
- Company Type:Retail Power Marketer
- Parent Company:American Electric Power
- Subsidiary Company:BlueStar Energy
- Headquarters:155 West Nationwide Boulevard
Columbus, Ohio 43215
United States of America - CEO:Nick Akins
AEP Energy Contact
- Website:www.aepenergy.com
- Customer Service Phone:(866) 258-3782
- Contact Page:www.aepenergy.com
- Social Media:
AEP Energy Service
- Rates & Plans:www.aepenergy.com
- States Served:
- Pennsylvania
- Illinois
- Ohio
- New Jersey
- Maryland and 2 others states
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AEP Energy State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Delaware | 381 | 4,802,542.35 | 19 | |
| District of Columbia | 104 | 1,182,720.6 | 39 | |
| Illinois | 52,215 | 468,997,750.64 | 7 | 5.29% |
| Maryland | 2,961 | 82,260,192.23 | 12 | 0.9% |
| New Jersey | 2,751 | 56,278,992.13 | 17 | 0.12% |
| Ohio | 368,016 | 599,870,037.87 | 3 | 75.41% |
| Pennsylvania | 55,832 | 287,971,540.54 | 11 | 18.29% |
AEP Energy Reviews
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AEP Energy FAQ:
What company is AEP Energy owned by?
AEP Energy is a subsidiary of American Electric Power.
How much is the average energy bill for AEP Energy customers each month?
Customers of AEP Energy pay, on average, a monthly energy bill of $64.84.
What is the average ENERGY electricity rate for AEP Energy customers?
AEP Energy's current average ENERGY electricity rate is 7.98 cents per kilowatt hour (¢/kWh), compared to the average US ENERGY rate of 11.29 cents.
Does AEP Energy have any subsidiary companies?
AEP Energy is a parent company of BlueStar Energy.
Who is the CEO of AEP Energy?
AEP Energy's current CEO is Nick Akins.
How many states does AEP Energy offer service to?
AEP Energy supplies electricity to customers in 7 states.
What is the phone number for AEP Energy?
You can reach AEP Energy by phone via (866) 258-3782.
