Algonquin Power

About Algonquin Power

With headquarters in Brooklyn, New York, Algonquin Power operates in 8 states throughout the country. There are 264,083 customers of the supplier. Exactly 225,959 of them are residential properties, 37,595 are commercial customers and 529 of them are industrial customers. The average residential electricity price for Algonquin Power is approximately 16.82 cents per kilowatt hour. This is 6.73% higher than the US average price of 15.76 cents. In 2022 Algonquin Power sold 6,175,297 megawatt hours to end users (known as retail sales) and 1,176,821 megawatt hours through wholesale channels to other providers. The electricity sourced by the company is made up of multiple sources of megawatt hours including 4,556,638 megawatt hours generated at electricity plants they own and 2,880,885 megawatt hours acquired by way of wholesale channels. Their total revenue for 2022 from electricity activities was $973,955,100, with 6.85% coming from wholesale electricity sales and 87.65% from retail sales to end users.

The average monthly residential electricity bill for a customer of Algonquin Power is $148.72 per month, while the national average is $137.33. Customers of the provider pay a 8.29% higher bill compared to other citizens of the nation. Production by the provider from natural gas totals 3,017,541.9 megawatt hours, which is roughly 28.27% of their total production. About 62.75% of the electricity generated by the supplier is from wind turbines. The supplier ranks as the 150th highest generator of megawatt hours created using coal out of 3529 electricity providers in the United States.