Abest Power & Gas

About Abest Power & Gas

Abest Power & Gas is a retail power marketer. The largest city served by the company is New York, but the company also supplies electricity to 667 cities in the state. There are 3,472 customers of the provider. Around 0.63% of them are commercial accounts and 99.37% of them are residential accounts. The residential electricity only rate for consumers of Abest Power & Gas is, on average, 18.51 cents per kilowatt hour. This is 82.50% above the national average electricity only price of 10.14 cents, resulting in the provider ranking 216th out of 150 companies in the US for best average electricity only rate. In 2022 the company sold 19,506 megawatt hours to end users (known as retail sales). The electricity sourced by the company primarily came from megawatt hours that they procured by way of wholesale channels. They purchased 19,506 wholesale megawatt hours. Their revenue in 2022 from electricity related activities was $3,622,000, with 100.00% coming from retail sales to end users.

The US average monthly residential electricity only bill is $70.75, while the Abest Power & Gas average is 20.52% higher at $85.27 per month. Abest Power & Gas ranks 119th in the United States for average monthly bill total. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end users.