Algonquin Power

About Algonquin Power

With headquarters in Brooklyn, New York, Algonquin Power operates in 8 states throughout the country. There are 269,197 customers of the supplier. Exactly 229,862 of them are residential properties, 38,941 are commercial customers and 394 of them are industrial customers. The average residential electricity price for Algonquin Power is approximately 16.20 cents per kilowatt hour, which is 0.12% less than the US average price of 16.22 cents. This makes the provider 2224th out of 2885 companies in the country for best average electricity price. Of the 6,670,359 megawatt hours the provider sold and dispossessed, 84.59% were from sales to end users. The electricity sourced consisted of megawatt hours produced by the company and supplementary megawatt hours that they acquired on wholesale channels. They purchased 2,847,884 on the wholesale market and produced 3,822,475 megawatt hours. In 2023, the supplier made a total of $982,829,900 from business activities relating to the sale and transfer of electricity. They had 85.81% of their revenue coming from retail sales to end users and 3.92% from sales to the wholesale market.

The average monthly residential electricity bill for a customer of Algonquin Power is $154.24 per month, while the national average is $143.38. Customers of the provider pay a 7.57% higher bill compared to other citizens of the nation. Production by the provider from natural gas totals 3,152,256.44 megawatt hours, which is roughly 28.91% of their total production. About 60.72% of the electricity generated by the supplier is from wind turbines. The supplier ranks as the 153rd highest generator of megawatt hours created using coal out of 3530 electricity providers in the United States.