Residents Energy

About Residents Energy

Residents Energy provides electricity for 9 states in the United States such as the cities of New York, Chicago, Philadelphia, Columbus, and Boston. The company is a retail power marketer. The company has 3,411 commercial accounts and 77,222 residential accounts throughout their service area whom they supply electricity to. The average electricity only residential price for customers of Residents Energy is around 15.91 cents per kilowatt hour, which is 40.95% above the national average electricity only rate of 11.29 cents. This makes the supplier 156th out of 150 suppliers in the nation for best average electricity only rate. The company had sales of 650,667 megawatt hours in 2022 sold to end users. Wholesale power purchases made up 100.00% of all electricity sourced and 650,667 megawatt hours were procured on the wholesale electricity market. In 2022, Residents Energy had $93,088,800 in total revenue solely through retail electricity sales.

The average monthly residential power bill for an electricity only consumer of Residents Energy is $90.57 per month. Customers of the company pay 22.48% more compared to the rest of the nation. The supplier does not have ownership in any electricity generation facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other providers.