Ambit Energy

About Ambit Energy

With their main offices in Irving, Texas, Ambit Energy offers services 14 states throughout the United States and is considered a retail power marketer. The average residential electricity rate for consumers of Ambit Energy is approximately 18.39 cents per kilowatt hour, which is 13.36% above the US average of 16.22. In 2023 they sold 100.00% of their total megawatt hours disposed to end users (known as retail sales). The electricity sourced was made up of megawatt hours that they acquired on wholesale channels. They purchased 6,038,641 megawatt hours on the wholesale market. Ambit Energy made $1,018,126,900 in 2023 from electricity sales to end users alone.

The average monthly residential electric bill for a customer of Ambit Energy is $190.75 per month, while the nationwide average is $143.38. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end consumers.