Approved Energy II

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About Approved Energy II

With their main offices in Engelwood, New Jersey, Approved Energy II provides electricity to 2 states in the country and is considered a retail power marketer. The provider has 860 electricity customers. There are 655 residential accounts, 203 commercial customers and 2 industrial customers. The residential electricity only price for patrons of Approved Energy II is, on average, 7.69 cents per kilowatt hour, which is 9.11% lower than the national average electricity only rate of 8.46 cents. This makes the supplier 65th lowest for average electricity only rate out of 158 suppliers in the nation. Approved Energy II had total sales and disposition of 67,435 megawatt hours in 2020, of which 63,660 megawatt hours were from sales to end users. During the same timeframe, the provider procured 67,435 megawatt hours via the wholesale market. In 2020, the total revenue for the company was $4,946,000, which was earned entirely through electricity sales to retail customers.

The average residential electricity bill for an electricity only consumer of Approved Energy II is $493.51 per month. Customers of the company pay a 697.39% 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.

Energy Loss

All electricity suppliers who generate electricity suffer from some energy loss via heat depletion or alternative factors. Approved Energy II is not an exception, as they average a yearly loss of around 5.60% of the total electricity they produce. The countrywide energy loss average is 2.76%, resulting in Approved Energy II receiving a rank of 1054th best out of 3509 providers reporting energy loss in the US.

Approved Energy II Rate & Electric Bills

Approved Energy II residential electric rates are highest in January and the highest average bill is in January.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.077/kWh$0.071/kWh$493.51/mo.$409.18/mo.
65th7.69¢Approved Energy II's Average residential price per kWh
236th$493.51Average monthly electricity bill for Approved Energy II's residential customers

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Approved Energy II Overview

  • Company Type:Retail Power Marketer
  • Headquarters:285 Grand Avenue
    Engelwood, New Jersey 07631
    United States of America
  • CEO:Niraj Parikh

Approved Energy II Contact

Approved Energy II Service

    Reduce or replace your electricity bill with solar

    Energy Loss

    Approved Energy II's energy loss due to business operations.

    -5.60%

    Total Energy Loss

    3,775MWh

    1054 National Rank

    Approved Energy II Coverage Map

    Coverage Map Placeholder

    Approved Energy II State Coverage

    StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
    New Jersey391,000952.24%
    New York8574,855,0006297.76%

    Approved Energy II County Coverage

    CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
    Albany County314,8484920.21$148.51/mo
    Allegany County46,4565218.66$140.75/mo
    Atlantic County274,5345422.81$310.79/mo
    Bergen County955,7325819.03$302.60/mo
    Bronx County1,472,6544327.87$163.98/mo
    Broome County198,6834417.78$136.90/mo
    Burlington County461,8605920.23$290.10/mo
    Camden County523,4855620.88$293.17/mo
    Cape May County95,2635422.81$310.79/mo
    Cattaraugus County77,0425218.74$140.36/mo

    Cities Approved Energy II Has Coverage

    * City coverage generated based on government data. Always verify you can get service from the provider.

    Approved Energy II Reviews

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    Approved Energy II FAQ:

    Who is the CEO of Approved Energy II?

    Approved Energy II's current CEO is Niraj Parikh.

    What is the phone number for Approved Energy II?

    Approved Energy II's customer service phone number is (718) 277-7683

    What is the average ENERGY electricity rate for Approved Energy II customers?

    Consumers of Approved Energy II, on average, have an electricity ENERGY rate 7.69 cents per kilowatt hour (¢/kWh).

    How many counties does Approved Energy II supply electricity to?

    Approved Energy II offers service to customers in 81 counties.

    How much is the average energy bill for Approved Energy II customers each month?

    The average monthly energy electric bill for customers of Approved Energy II is $493.51. The national average is $61.89 for energy service.

    What cities does Approved Energy II provider electricity in?

    Approved Energy II serves 1316 cities in the United States including New York and New Jersey.

    How many states does Approved Energy II provider electricity to?

    Approved Energy II provides electricity in 2 states.

    Last Reviewed By: King Manalo
    Published: 2022-08-01