Upper Peninsula Power Company

About Upper Peninsula Power Company

Upper Peninsula Power Company is an investor owned organization. The largest city served by the supplier is Marquette, but the company also provides electricity to 21 cities in the state of Michigan. Electricity companies must regularly report their customer counts to government agencies. Recently the provider listed 47,163 residential customers, 6,120 commercial customer accounts and 45 industrial customers signed up to receive electricity from the company. This is the entirety of their customers. Upper Peninsula Power Company averages 26.26 cents per kilowatt hour billed to their patrons for residential electricity. Unfortunately for their customers, this rate is higher than both the Michigan and the nationwide average prices of 18.88 and 15.76 cents per kilowatt hour, respectively. In 2022 they sold 34,511 megawatt hours through wholesale channels to other companies. Electricity plants owned by the company produced 14.86% of the megawatt hours sourced by the supplier and an additional 85.14% was acquired via wholesale channels. In 2022, the supplier made 91.89% of their revenue from retail electricity sales to end users and 1.95% via sales via wholesale electricity channels. Their total revenue from all electricity related activities was $116,583,200.

The US average monthly residential electric bill is $135.34, while the Upper Peninsula Power Company average is 15.47% lower at $114.41 per month. The supplier is able to generate 119,961 megawatt hours from hydroelectric power sources, which ranks them as the 91st largest generator of hydroelectric power out of 3526 providers in the US. By customer count, Upper Peninsula Power Company is the 317th largest provider out of 3526 suppliers in the country. The company does not have ownership in any electricity generation facilities and all of the megawatt hours that they sell to their customers must be purchased wholesale from other companies.