AEP Energy

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About AEP Energy

AEP Energy is a retail power marketer, which is a company that operates in deregulated electricity markets where customers are able to purchase electricity from multiple different providers. A total of 419,707 customers (342,352 residential customers and 77,355 commercial customers) receive their electricity from the company. The average electricity only residential rate for consumers of AEP Energy is approximately 5.63 cents per kilowatt hour , which is lower than United States average electricity only rate of 8.46 cents per kilowatt hour. The provider had total sales and disposition of 22,409,537 megawatt hours in 2020, of which 100.00% were via retail sales. The electricity sourced consisted of megawatt hours purchased by way of the wholesale electricity market. They purchased 22,409,537 wholesale megawatt hours. Their total revenue in 2020 was $1,161,214,400 and was earned through sales to retail electricity customers alone.

The average residential power bill for an electricity only customer of AEP Energy is $55.77 per month. Patrons of the company pay a 9.89% reduction compared to other residents of the United States. Electricity production is not part of the AEP Energy business plan, as they purchase power at wholesale rates from other companies and then resell to their end users.

AEP Energy Rate & Electric Bills

AEP Energy residential electric rates are highest in January and the highest average bill is in May.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.063/kWh$0.056/kWh$65.73/mo.$55.77/mo.
17th5.63¢AEP Energy's Average residential price per kWh
74th$55.77Average monthly electricity bill for AEP Energy's residential customers

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AEP Energy Overview

  • Company Type:Retail Power Marketer
  • Parent Company:American Electric Power
  • Subsidiary Company:BlueStar Energy
  • Headquarters:155 West Nationwide Boulevard
    Columbus, Ohio 43215
    United States of America
  • CEO:Nick Akins

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AEP Energy Service

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Energy provider of the year for National, Major Provider Category
Top 10 Lowest Residential Electricity Rate
National, Major Provider Category
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Energy provider of the year for Maryland, Major Provider Category
Top 3 Lowest Residential Electricity Rate
Maryland, Major Provider Category
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Energy provider of the year for Maryland, Major Provider Category
Top 3 Lowest Residential Electricity Rate
Maryland, Major Provider Category
Claim Award

AEP Energy State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Delaware5923,550,90019
District of Columbia258685,90040
Illinois43,329352,117,70076.18%
Maryland4,06771,612,10081.12%
New Jersey2,17233,726,600270.41%
Ohio287,916509,173,100466.47%
Pennsylvania81,373190,348,1001525.82%

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AEP Energy FAQ:

What company is AEP Energy owned by?

AEP Energy is a subsidiary of American Electric Power.

How much is the average energy bill for AEP Energy customers each month?

Customers of AEP Energy pay, on average, a monthly energy bill of $55.77.

What is the average ENERGY electricity rate for AEP Energy customers?

AEP Energy's current average ENERGY electricity rate is 5.63 cents per kilowatt hour (¢/kWh), compared to the average US ENERGY rate of 8.46 cents.

Does AEP Energy have any subsidiary companies?

AEP Energy is a parent company of BlueStar Energy.

Who is the CEO of AEP Energy?

AEP Energy's current CEO is Nick Akins.

How many states does AEP Energy offer service to?

AEP Energy supplies electricity to customers in 7 states.

What is the phone number for AEP Energy?

You can reach AEP Energy by phone via (866) 258-3782.

Last Reviewed By: Alex Zdanov
Published: 2022-03-13