Avangrid

About Avangrid

Avangrid is an investor owned entity located in Orange, Connecticut and serving customers in 4 states in the country including in major cities like Albuquerque, Rochester, Bridgeport, New Haven, and Rio Rancho. A total of 2,488,562 customers (2 transportation accounts, 2,249,663 residential accounts, 236,480 commercial accounts and 2,417 industrial customers) are provided electricity by the company. On average, Avangrid's residential electricity price is 18.07 cents per kilowatt hour, which is 21.79% above the national average of 14.84 cents. The company had total sales and disposition of 36,176,685 megawatt hours in 2021, of which 74.98% were via retail sales and 19.12% were from wholesale sales to other electricity companies. The electricity sourced by the company is made up of multiple sources including megawatt hours they generate and additional megawatt hours acquired via wholesale channels. These two categories comprise 25.73% and 74.32%, respectively, of the total electricity sourced by the company. In 2021, they made a total of $5,761,024,700 from business activities relating to the sale and transfer of electricity. They had 4.75% of their revenue come from sales to the wholesale market.

Customers of the provider pay an average monthly residential electricity bill of $114.71. This is 12.99% less than the nationwide average bill of $131.84. Avangrid is the 22nd largest provider out of 3509 providers in the nation based on number of customers. Of the 3509 electricity suppliers that we track in the United States, Avangrid ranks as the 27th highest producer of megawatt hours from solar fields, with 1,004,411.5 megawatt hours generated per year. Electricity facilities associated with or owned by Avangrid produce 32,881,670.54 megawatt hours, which is the 42nd highest in the United States out of 3509 companies.