Approved Energy II

About Approved Energy II

Approved Energy II supplies electricity to 3 states throughout the US. Approved Energy II has an average electricity only residential rate of 15.24 cents per kilowatt hour, which is, regrettably for their consumers, 20.62% higher than the average national electricity only service rate of 12.63 cents. Of the 592,310 megawatt hours the supplier sold and dispossessed, 100.00% were via retail sales. The electricity they sourced was made up of megawatt hours procured on wholesale channels. They purchased 592,310 on the wholesale market. They made $64,883,200 in 2023, all of which came from sales to retail customers.

The average residential electricity bill for an electricity only consumer of Approved Energy II is $223.3 per month. Customers of the company pay a 162.56% markup compared to the rest of the US. Electricity generation is not part of the Approved Energy II business model, as they purchase power at wholesale rates and then resell to their end users.