Alaska Electric Light & Power Company

About Alaska Electric Light & Power Company

Alaska Electric Light & Power Company is an investor owned company providing electricity in Juneau City and Borough, Alaska. The provider has 128 industrial customer accounts, 15,298 residential customer accounts and 2,455 commercial accounts within their service area whom they supply electricity services to. The residential electricity price for consumers of Alaska Electric Light & Power Company is, on average, 12.49 cents per kilowatt hour. This is, fortunately for their patrons, 47.07% below the state's average rate of 23.60 cents. In 2022 the company sold 405,072 megawatt hours to end users (known as retail sales). The megawatt hours sourced by the company came from a blend of electricity production from power plants owned by Alaska Electric Light & Power Company and supplementary megawatt hours that they acquired by way of the wholesale electricity market. They purchased 280,860 on the wholesale market and produced 148,434 megawatt hours. In 2022, they made a total of $47,111,900 from business activities relating to the sale and transfer of electricity. They had revenue of $46,496,800 from retail sales to end users.

Consumers of the supplier have an average monthly residential power bill of $111.26. This is 20.33% lower than the state average of $138.24. Alaska Electric Light & Power Company generates 144,703 megawatt hours from their production plants, ranking them as the 7th largest producer of electricity out of 54 companies in the state. They rank 1st in the United States out of the 3517 suppliers we track for their ratio of renewable versus non-renewable fuels used. The supplier is the 86th largest producer of hydroelectric power in the country out of 3517 providers.