Atlantic City Electric

About Atlantic City Electric

Atlantic City Electric provides electricity to 8 counties and is considered an investor owned organization. Atlantic City Electric's average residential electricity rate per kilowatt hour is 23.47 cents per kilowatt hour. Unfortunately, this is 20.43% more than the state's average price of 19.49 cents, ranking the supplier at 19th out of 21 suppliers in the state for lowest average electricity rate. About 5,354,338 megawatt hours were sold by the supplier to retail accounts in 2023 and 109,468 megawatt hours were sold to other providers via the wholesale market. The electricity sourced by Atlantic City Electric is made up primarily of megawatt hours they purchased on wholesale channels. This category comprises 100.00% of all electricity sourced by the company. Atlantic City Electric had $1,504,874,000 in 2023, $2,825,800 of which came from sales to wholesale electricity customers and $1,038,911,000 of which came from sales to residential energy users.

Customers of the supplier have an average monthly residential electric bill of $158.02. This is 21.61% higher than the New Jersey average of $127.26. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates and then resell to their end users. The electricity grid owned by the supplier has 0.59 outages per consumer each year, with outages lasting an average of 53 minutes. The national average for other suppliers is 1.44 outages per customer and approximately 123.49 minutes an outage.