American Electric Power

About American Electric Power

American Electric Power is an investor owned entity with headquarters in Columbus, Ohio and providing power to customers in 21 states in the US. A total of 3,120,464 residential customer accounts, 478,898 commercial customers and 25,892 industrial customers receive their electricity from the provider. Consumers of American Electric Power are charged an average residential electricity price of 15.82 cents per kilowatt hour , which is higher than the United States average rate of 15.76 cents per kilowatt hour. The company had total sales and disposition of 173,063,179.03 megawatt hours in 2022, of which 131,857,553.17 megawatt hours were from sales to end users and 34,307,176.68 were from wholesale sales to other suppliers. Of the megawatt hours they sourced, 76,192,239.84 of them were generated by power generation plants owned by American Electric Power and 96,870,939.19 megawatt hours were purchased via wholesale channels. Their revenue for 2022 from electricity related activities was $19,762,736,587.5, with $2,386,707,786.2 coming from wholesale electricity sales and $13,528,011,801.3 from retail sales to end users.

The average residential electric bill for a consumer of American Electric Power is $153.29 per month, while the US average is $135.34. Consumers of the provider pay 13.26% more compared to other citizens of the nation. Of the 3526 electricity suppliers that we track in the United States, American Electric Power is the 32nd highest generator of megawatt hours from solar power sources, with 964,904.25 megawatt hours produced each year. By megawatt hours generated, American Electric Power is the 13th largest electricity company out of 3526 in the country. Electricity generation plants managed by the supplier use non-renewable fuel sources to generate 94.71% of their total electricity production, or 94,989,221.99 megawatt hours. This total ranks them at 12th in the US out of 3526 suppliers.