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 142 industrial customer accounts, 15,446 residential customer accounts and 2,461 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, 12.96 cents per kilowatt hour. This is, fortunately for their patrons, 47.40% below the state's average rate of 24.63 cents. In 2023 the company sold 411,690 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 295,612 on the wholesale market and produced 138,186 megawatt hours. In 2023, they made a total of $48,518,900 from business activities relating to the sale and transfer of electricity. They had revenue of $47,905,300 from retail sales to end users.

Consumers of the supplier have an average monthly residential power bill of $122.48. This is 14.94% lower than the state average of $143.9. By megawatt hours produced, Alaska Electric Light & Power Company is the 7th largest supplier out of 61 electricity companies in Alaska. The electricity grid operated by the company has 1.94 outages per customer per year, with outages lasting roughly 74 minutes. The nationwide average for other providers is 1.44 outages per customer and approximately 123.49 minutes each outage. The provider is the 4th largest generator of hydroelectric power in Alaska out of 55 providers.