Alaska Electric Light & Power Company

About Alaska Electric Light & Power Company

Alaska Electric Light & Power Company is an investor owned company providing electricity in Hoonah-Angoon Census Area, Alaska. The provider has 131 industrial customer accounts, 15,332 residential customer accounts and 2,457 commercial accounts within their service area whom they supply electricity services to. The residential electricity price for consumers of Alaska Electric Light & Power Company is, on average, 12.59 cents per kilowatt hour. This is, fortunately for their patrons, 47.03% below the state's average rate of 23.77 cents. In 2022 the company sold 405,072 megawatt hours to end users (known as retail sales). The megawatt hours sourced by the company came from a blend of electricity production from power plants owned by Alaska Electric Light & Power Company and supplementary megawatt hours that they acquired by way of the wholesale electricity market. They purchased 280,860 on the wholesale market and produced 148,434 megawatt hours. In 2022, they made a total of $47,111,900 from business activities relating to the sale and transfer of electricity. They had revenue of $46,496,800 from retail sales to end users.

Consumers of the supplier have an average monthly residential power bill of $113.46. This is 21.76% lower than the state average of $142.92. Electricity generation is not part of the Alaska Electric Light & Power Company business plan, as they purchase power at wholesale rates from other suppliers and then resell to their consumers. Electricity generation facilities owned by or associated with Alaska Electric Light & Power Company generate a total of 144,703 megawatt hours, which is the 7th highest in the state out of 3526 providers. Alaska Electric Light & Power Company is the 720th largest supplier out of 3526 providers in the nation based on number of customers.