Algonquin Power

About Algonquin Power

With headquarters in Brooklyn, New York, Algonquin Power operates in 8 states throughout the country. Algonquin Power's patrons purchase electricity for, on average, 17.18 cents per kilowatt hour, which is, regrettably, 9.02% more than the average US price of 15.76 cents. In 2022 they sold 6,175,297 megawatt hours by way of retail sales to end users and 1,176,821 megawatt hours through wholesale channels to other providers. Electricity production and wholesale power purchases made up 61.27% and 38.73%, respectively, of the total electricity sourced by the company. Electricity plants the company owns produced 4,556,638 megawatt hours and an additional 2,880,885 were acquired by way of the wholesale market. Their total revenue for 2022 from electricity activities was $973,955,100, with $853,717,900 coming from retail sales to end users and $66,728,900 from wholesale electricity sales.

The average monthly residential electricity bill for a customer of Algonquin Power is $151.36 per month, while the national average is $135.34. Customers of the provider pay a 11.83% higher bill compared to other citizens of the nation. Electricity generation facilities managed by the company use non-renewable fuel types to generate 34.53% of their total electricity production, or 3,724,593.46 megawatt hours. They rank 156th out of 3526 suppliers in the US. The supplier ranks 120th highest provider in the US out of 3526 companies for total megawatt hours generated using natural gas. Electricity production from sustainable fuels by the supplier totals 7,062,104 megawatt hours. This ranks the company 36th out of the 3526 we track in the country.