Algonquin Power

About Algonquin Power

With headquarters in Brooklyn, New York, Algonquin Power operates in 8 states throughout the country. There are 272,799 customers of the supplier. Exactly 233,033 of them are residential properties, 39,320 are commercial customers and 446 of them are industrial customers. The average residential electricity price for Algonquin Power is approximately 17.81 cents per kilowatt hour. This is 15.75% higher than the US average price of 15.39 cents. In 2021 Algonquin Power sold 5,898,011 megawatt hours to end users (known as retail sales) and 987,958 megawatt hours through wholesale channels to other providers. The electricity sourced by the company is made up of multiple sources of megawatt hours including 4,326,269 megawatt hours generated at electricity plants they own and 2,975,835 megawatt hours acquired by way of wholesale channels. Their total revenue for 2021 from electricity activities was $899,831,300, with 20.38% coming from wholesale electricity sales and 77.92% from retail sales to end users.

The average monthly residential electricity bill for a customer of Algonquin Power is $159.32 per month, while the national average is $130.88. Customers of the provider pay a 21.73% higher bill compared to other citizens of the nation. Electricity generation facilities managed by the company use non-renewable fuel types to generate 39.28% of their total electricity production, or 4,103,051.03 megawatt hours. They rank 156th out of 3509 suppliers in the US. The supplier ranks 117th highest provider in the US out of 3509 companies for total megawatt hours generated using natural gas. Electricity production from sustainable fuels by the supplier totals 6,343,020 megawatt hours. This ranks the company 35th out of the 3509 we track in the country.