Ambit Energy

About Ambit Energy

With their main offices in Irving, Texas, Ambit Energy offers services 14 states throughout the US and is considered a retail power marketer. Currently, 400,638 customers are provided electricity by the company. These customers are a mix of 6.29% commercial properties and 93.71% residential customer accounts. Ambit Energy's customers are billed an average residential electricity price of 16.20 cents per kilowatt hour, resulting in the supplier ranking 2366th out of 2892 in the US for average electricity price. In 2022 Ambit Energy sold 7,844,947 megawatt hours via retail sales to end users. Wholesale power purchases made up 100.00% of the total electricity sourced by the company and 7,844,947 megawatt hours were procured by way of wholesale channels. The total revenue for Ambit Energy in 2022 was $1,082,088,000, which was earned entirely through electricity sales to retail customers.

The average monthly residential electric bill for a customer of Ambit Energy is $166.07 per month, while the nationwide average is $135.34. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end consumers.