Atlantic City Electric

About Atlantic City Electric

Atlantic City Electric provides electricity to 8 counties and is considered an investor owned organization. A total of 324 industrial customers, 52,583 commercial accounts and 469,810 residential customer accounts are supplied electricity by the provider. Atlantic City Electric's consumers are billed an average residential electricity rate of 21.56 cents per kilowatt hour. Unfortunately, this is 21.10% more than New Jersey's average rate of 17.81 cents. Approximately 5,373,646 megawatt hours were sold by the supplier to retail accounts in 2022 and 576,924 megawatt hours were sold to other providers via whole channels. Wholesale power purchases made up 100.00% of the total electricity sourced by the company and 6,298,978 megawatt hours were procured via the wholesale electricity market. Their total revenue in 2022 from electricity related activities was $1,434,115,300, with 2.55% coming from sales to the wholesale market.

Customers of the supplier have an average monthly residential electric bill of $142.12. This is 21.40% higher than the New Jersey average of $113.02. 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 0.65 outages per consumer each year, with outages lasting an average of 51 minutes. The national average for other suppliers is 1.45 outages per customer and approximately 171.11 minutes an outage.